Thousands of financial transactions are made every day, but not all of them are processed properly. Most often, problems arise when concluding a cash loan agreement, since people either draw up the document incorrectly or simply give money under a verbal agreement. This article will help you figure out what documents need to be drawn up, how and when.
What it is
A cash loan agreement is an agreement under which one party (the lender) transfers to the other party (the borrower) an amount of money, which the recipient undertakes to repay within the terms established by the agreement.
Simply put, a loan agreement is a document that specifies all the terms of the loan, details, terms and responsibilities of the parties. Without this document, the lender cannot make any claims in the event of improper performance by the borrower of its obligations.
There are several types of agreements for borrowing funds: interest-bearing and non-interest-bearing, between individuals and legal entities, etc.
According to the current legislation, there is no standard form of a particular loan agreement (i.e., there is no special loan agreement between, for example, an individual and a legal entity, just as there is no established form of an interest agreement).
That is why, when drawing up a document, special attention must be paid to the conditions for the provision of funds and all the nuances must be clearly stated in the document.
A cash loan agreement is always drawn up in writing, with the exception of transactions concluded between two individuals for an amount of up to a thousand rubles.
Such an agreement will have legal force. In other cases, when, for example, one person lends another five thousand “before payday” and does not draw up an agreement or receipt, it is not possible to recover the money in court.
All loan agreements contain almost the same information:
- indication of the full name of the lender and borrower (or the name of the organization for legal entities), details of the parties;
- the subject of the agreement is the amount of money transferred by the lender as a loan, and which the borrower undertakes to repay within a certain period of time;
- conditions for providing funds: repayment period, interest for using money, method of debt repayment (one-time payment or monthly payments, etc.);
- liability of the borrower in case of violation of the terms of the contract (fines, fines, etc.).
Who can I borrow money from?
The borrower may be:
- individuals (relatives, acquaintances, work colleagues, etc.). Any legally capable individual can become a lender. Fully capable citizens enter into a loan agreement independently or through a representative, while those with limited legal capacity enter into a loan agreement with the help of legal representatives (trustees, parents or adoptive parents);
- legal entities (various microfinance organizations, enterprises, various firms, employer, etc.). Any organization can become a lender if its charter or law does not prohibit the issuance of loans.
Individual from an individual
And - one of the most common forms of concluding a financial transaction. Thousands of people borrow money from each other every day, but most of these loans are not documented.
When lending a small amount to a relative or friend, a person relies on the integrity and commitment of the borrower, and in case of delay, he patiently waits for his money.
If we consider a loan between two citizens from a legal point of view, it turns out that not all transactions can be concluded orally.
The Civil Code establishes a rule: a loan agreement can be concluded orally only if the lender transfers to the borrower an amount of no more than 1,000 rubles.
As for legal entities, all loan agreements (regardless of the amount) must be drawn up in simple written form.
It turns out that by transferring, for example, 10,000 rubles “in words,” an individual lender runs the risk of not getting his money back at all.
If the debtor for any reason refuses to repay the loan, it is unlikely that anything will be proven in court, since such an “oral” agreement will have no legal force.
Things are a little rosier with oral agreements up to a thousand, but in this case you will have to look for witnesses who would confirm the transfer of funds.
The procedure for drawing up a cash loan agreement between two individuals is quite simple:
- the date and place of drawing up the document are indicated;
- the parties to the agreement are indicated (in this case, the full names of the lender and debtor, passport details and registration addresses are indicated);
- the loan amount and the period within which the money must be repaid are specified;
- additional conditions: interest, method of return, etc.;
- liability of the debtor in case of non-payment of debt;
- details of the parties with signatures.
A cash loan between two citizens can be remunerated or gratuitous.
A loan of up to 5,000 rubles is considered interest-free; in other cases, the condition for the free use of borrowed funds must be stated in the document.
Individual from a legal entity
Money loans between an individual and a legal entity are no less common than financial transactions between two citizens.
A classic example is borrowing a small amount from a microfinance organization or applying for a loan from an employer. Moreover, an organization does not always act as a lender; it often happens the other way around (for example, if the founder, as an individual, transfers a cash loan to his own organization-legal entity).
Any organization has the right to provide cash loans. The borrower can be employees or founders of the same company, as well as other persons.
If one of the parties to the loan agreement is a legal entity, the document is always drawn up in writing.
If a company issues a loan free of charge, this must be clearly stated in the contract, otherwise the loan will be considered interest-bearing.
A cash loan from a legal entity is always accompanied by the drawing up of an agreement, which includes the following information:
- place of drawing up the contract;
- Date of preparation;
- information about the lender: company name, full name of the founder with passport details;
- information about the borrower: full name of the debtor with passport details;
- loan amount indicating the repayment period;
- additional conditions: interest, method of return, total amount to be returned, date of last payment, etc.;
- rights and obligations of the parties to the contract;
- contract performance guarantees;
- liability of the parties;
- details, signatures.
Legal entity from an individual
A loan agreement for a legal entity from an individual is not much different from the previous document. The difference is that now a citizen acts as a lender, and an organization acts as a borrower.
Quite often, such transactions are formalized within the company, for example, when one of the founders (an individual) transfers funds to the company itself. The creditor can also be any other individual who is not related to the organization.
If financial assistance comes from the founder of the company, it is advisable to conclude a gratuitous agreement, making sure to include this condition in the document.
Otherwise, the transaction automatically becomes interest-bearing, which means additional tax problems. The loan amount must be specified in the agreement, otherwise the agreement will be considered not concluded. The terms and procedure for refunds are also indicated.
Such agreements can be concluded for a long period of time; the legislation does not impose any restrictions in this regard.
If the date of the last payment is approaching, but there is nothing to pay off the debts, the contract can be safely extended.
In general, a loan agreement for a legal entity from an individual contains the following data:
- place of compilation;
- Date of preparation;
- name of the borrower-legal entity indicating the founder;
- Full name and passport details of the individual lender;
- rights and obligations of the parties: loan amount, terms, goals;
- duration of the contract;
- additional conditions: interest, method of loan repayment, the possibility of attracting other persons to use the loan, etc.;
- force majeure: circumstances during which the parties are released from liability for failure to fulfill the terms of the contract;
- contract performance guarantees;
- liability of the parties;
- details, signatures.
Between legal entities
The loan agreement between two organizations is based on the standard form of a cash loan agreement and includes information such as:
- names of organizations indicating the full names of the founders;
- subject of the agreement: loan amount, terms;
- rights and obligations of the parties;
- responsibility;
- Force Majeure;
- dispute resolution;
- duration of the contract;
- final provisions;
- details, signatures.
A cash loan between two organizations can be either interest-bearing or interest-free. This condition should be clearly stated in the “subject of the agreement” section.
Borrowing funds from the founder
Most often, interest-free loan agreements are drawn up from the founder. The reason is quite understandable: the loan is not considered income in this case, and therefore will not be included in the base for calculating income tax.
The condition for the gratuitous use of borrowed funds must be specified.
If there is only one founder in the organization, it turns out that his full name will appear in the agreement twice (as a borrower and as a lender):
“citizen Ivanov I.I. (passport details, registration address), hereinafter referred to as the lender and LLC_____ represented by director Ivanov I.I., hereinafter referred to as the borrower...”.
This method of drawing up an agreement is not prohibited by law, but most often the agreement is signed on behalf of the borrower by the deputy director or chief accountant.
Together with the loan agreement, a payment schedule is drawn up, as well as an additional agreement when the loan terms change.
Interest and interest-free agreement
All loan agreements are divided into two broad categories:
- interest;
- interest-free.
The loan can be reimbursable or gratuitous, regardless of who the parties to the agreement are (individual or legal entity).
An agreement for a loan of funds between individuals without interest is a transaction for an amount of up to 5,000 rubles; in all other cases, the loan automatically becomes reimbursable (even if the agreement does not talk about interest).
That is why it is so important to write down the phrase that the loan is interest-free, otherwise interest will be accrued in accordance with the Central Bank refinancing rate.
If one of the parties to the agreement is a legal entity, the loan will in any case be considered reimbursable (regardless of the amount provided).
Borrowing money to secure a car or real estate
Most often, cars or real estate (apartment, land, cottage, house, room, etc.) are used as security for a loan agreement.
This is a guarantee that the lender will be able to get their money back if the borrower for any reason refuses to pay the debt.
Together with the main loan agreement, a collateral agreement (apartment or car) is drawn up. These two documents are inextricably linked, however, if the loan agreement itself can exist separately from the pledge agreement, then the latter has no force without the main document.
A loan agreement with collateral is drawn up according to a general plan: the parties, subject, conditions, responsibilities, rights and obligations, etc. are indicated. At the same time, the phrase is written in the document:
“in order to ensure the proper fulfillment of its obligations to repay the loan amount within the period specified in paragraph _ of this agreement, the borrower provides property as collateral: _____ (the name of the property is indicated here).”
The pledge agreement specifies the following information:
- Full name, passport details of the parties;
- information about the main agreement (parties, details, type of loan agreement);
- description of the subject of pledge (all information on documents about the car or address, technical data and title document - for real estate);
- responsibility, duration of the contract, etc.;
- details, signatures.
Borrowing money to purchase housing
A loan agreement for the purchase of real estate belongs to the class of targeted loans. The main condition stated in the document is that the borrower will use the money received to purchase a home.
Essential terms of the loan agreement for the purchase of real estate:
- subject of the agreement: the amount issued for the implementation of a specific goal;
- terms and procedure for returning money;
- purpose of the loan.
Surety agreement
A guarantee is another way to secure borrowed obligations, which is used as often as providing collateral.
Together with the main loan agreement, an additional document is drawn up - a guarantee agreement, which specifies:
- date and place of compilation;
- information about the guarantor and lender (full name, passport details, addresses);
- subject of the agreement: information about the person whose obligations are transferred to the guarantor (in case the borrower does not pay the debt), the size of the loan, terms, date and place of drawing up the main agreement, payment procedure, etc.;
- rights, obligations of the parties;
- duration of the guarantee;
- details, signatures.
Remember that a correctly executed loan agreement is a necessary condition for repaying the debt, even if the borrower refuses to do so for any reason.
Video: cash loan agreement
Loan agreement
______________ "____" ____________ ______g.
______________________, hereinafter referred to as the “Lender”,
on the one hand, and ________________________________________,
hereinafter referred to as the “Borrower”, on the other hand, have entered into this agreement as follows:
1. The Subject of the Agreement
1.1. Under this agreement, the Lender transfers to the Borrower a loan in the amount of _____ (____________________)_________, and the Borrower undertakes to repay the specified loan amount within the period stipulated by this agreement and pay the interest on it specified in the agreement.
2. Rights and Obligations of the parties
2.1. The Lender transfers the loan amount to the Borrower in cash or transfers it to the bank account specified by the Borrower. If the specified amount is not received by the Borrower, this loan agreement does not come into force and is considered not concluded.
2.2. The loan amount is repaid in accordance with the following schedule:
- _________________________to "____" ____________ ______;
- _________________________to "____" ____________ ______;
- _________________________to "____" ____________ ______g.
The loan amount may be repaid by the Borrower ahead of schedule.
2.3. Interest is charged on the loan amount in the amount of _____% in ________ from the moment the Borrower receives the loan amount until the moment it is returned to the Lender. The borrower is required to pay interest on the loan amount _________ (monthly, quarterly, etc.).
3. Responsibility of the parties
3.1. In the event of failure or improper performance by one of the parties of its obligations under this agreement, it is obliged to compensate the other party for losses caused by such failure.
3.2. In case of failure to repay the loan amount specified in clause 1.1 within the time period specified in clause 2.2, the Borrower shall pay a penalty in the amount of _____% of the unpaid amount for each day of delay.
3.3. Collection of penalties or compensation for losses does not relieve the party that violated the contract from fulfilling its obligations under this contract.
3.4. In cases not provided for by this agreement, property liability is determined in accordance with the current legislation of the Russian Federation.
4. Force majeure
4.1. The parties are released from liability for partial or complete failure to fulfill obligations under this agreement if this failure was a consequence of force majeure circumstances that arose after the conclusion of this agreement as a result of extraordinary circumstances that the parties could not foresee or prevent.
4.2. If the circumstances specified in clause 4.1 occur, each party must immediately notify the other party about them in writing. The notice must contain information about the nature of the circumstances, as well as official documents certifying the existence of these circumstances and, if possible, assessing their impact on the party’s ability to fulfill its obligations under this agreement.
4.3. If a party does not send or untimely sends the notice provided for in clause 4.2, then it is obliged to compensate the other party for the losses it has incurred.
4.4. In the event of the occurrence of the circumstances provided for in clause 4.1, the deadline for the party to fulfill its obligations under this agreement is postponed in proportion to the time during which these circumstances and their consequences apply.
4.5. If the circumstances listed in clause 4.1 and their consequences continue to apply for more than two months, the parties conduct additional negotiations to identify acceptable alternative ways of executing this agreement.
5. Privacy
5.1. The terms of this agreement and agreements (protocols, etc.) thereto are confidential and not subject to disclosure.
5.2. The parties take all necessary measures to ensure that their employees, agents and successors do not inform third parties about the details of this agreement and its annexes without the prior consent of the other party.
6. Dispute resolution
6.1. All disputes and disagreements that may arise between the parties will be resolved through negotiations.
6.2. If controversial issues are not resolved during negotiations, disputes are resolved in the manner prescribed by current legislation.
7. Duration of the contract
7.1. This agreement comes into force from the moment the Lender transfers the loan amount to the Borrower.
7.2. This agreement is terminated:
7.2.1. When the Borrower returns to the Lender the amount specified in clause 1.1 in full.
7.2.2. By agreement of the parties.
7.2.3. On other grounds provided for by current legislation.
8. Final provisions
8.1. Any changes and additions to this agreement are valid provided that they are made in writing and signed by the parties or their authorized representatives.
8.2. All notices and communications must be given in writing.
8.3. This agreement is drawn up in two copies having equal legal force, one copy for each of the parties.
9. Addresses and payment details of the parties
Borrower: ________________________________________________
Lender: _____________________________________________
10. Signatures of the parties
Borrower: Lender:
______________ ____________________
M.P. M.P.
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A loan agreement is a document guaranteeing the absence of any problems with the return of the borrowed amount of money. Drawing up a loan agreement is a simple procedure, for which it is not necessary to contact a lawyer. Such a document clearly indicates all the terms of the loan, including the amount and period for repayment of funds.
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How to draw up a loan agreement correctly
This document must indicate that one party is temporarily transferring ownership of a certain amount of money to the other party. At the same time, the other party confirms this fact and undertakes to return the agreed amount within the specified period. If the loan provides for the repayment of money with interest, this fact is also indicated in the agreement.
Experts argue that the loan agreement must also contain information about sanctions for failure to repay the money within the specified period or for not repaying the full amount. That is, for such violations you can impose a penalty, a fine, etc. Next, indicate the responsibility of the parties in circumstances of force majeure. Such circumstances include military actions, earthquakes, various epidemics, etc. Describe in detail the obligations of the parties in the event of force majeure; this may include a deferment of the return of money or the absence of overpayment of interest. The document must also indicate the procedure for resolving possible disputes; conflict resolution can occur with the help of lawyers or through negotiations. In order for the document to have legal force, you must indicate your data (registration address, residential address, last name, first name, patronymic), date and signature.
Only a loan agreement can serve as a guarantee of the return of the borrowed money, so in this case it is better to avoid verbal agreements. As a last resort, the transfer of money can be carried out in the presence of witnesses who, if necessary, will confirm this fact in court. It is important to remember that repayment of debt in an oral agreement must also occur in front of witnesses.
If the borrower does not return the money within the period specified in the agreement, the loan agreement will serve as confirmation that you are right in court proceedings. However, the document will only have legal force if it is drawn up correctly. If you doubt the correctness of the loan agreement, you should contact professional lawyers. Only in this case are you guaranteed to be able to defend your rights in court.
A cash loan agreement is a document drawn up by the parties when transferring funds as a loan. The Lender is the person who gives money, and the Borrower is the person who accepts money. Along with cash, things and other inventory items can be lent. A cash loan agreement is drawn up in simple written form and mandatory notarization is not required.
In accordance with Russian legislation, the loan agreement is considered concluded from the moment of transfer of funds from the Lender to the Borrower. That is, this agreement is preliminary in nature. A mandatory condition for the validity of the contract is the recording of the transfer of funds from one party to the other party. The transfer of funds under a cash loan agreement is formalized by an acceptance certificate or. If the Borrower is an individual and funds are transferred in cash, then it is advisable to insist that the Borrower write a receipt for receipt of funds in his own hand. His handwriting will once again testify to the completion of the transaction. Funds can also be transferred non-cash by transferring them to the Borrower's bank account. In this case, the document confirming the fulfillment by the Lender of its obligations under the agreement will be a payment order or a bank receipt with a mark (stamp) on the completion of the bank transfer.
In accordance with the cash loan agreement, it may provide for the obligations of the parties that do not contradict the legislation of our country, but at the same time expand and/or supplement the conditions for obtaining a loan.
The loan agreement may provide for the Lender to receive interest from the Borrower for the latter’s use of other people’s funds. At the same time, the amount of interest is not limited by law. If the contract does not contain a provision on the amount of interest for the use of funds. Then they (interest) are determined in the amount of the current refinancing rate established by the Central Bank of Russia.
Also, the loan agreement may establish a debt repayment schedule. As well as interest payments.
A cash loan agreement is considered interest-free, unless otherwise expressly provided in the said agreement, in cases where:
1. a loan agreement was concluded between citizens for an amount not exceeding fifty times the minimum wage established by law, and is also not related to the implementation of entrepreneurial activities by one of the parties under the agreement;
2. under the agreement, the borrower is not given money, but other things determined by generic characteristics.
On our website you can download one of the options for a cash loan agreement for free or contact us to draw up an agreement personally tailored to your situation.
Cash loan agreement
Moscow “___”_________ 201_
OJSC "___________", hereinafter referred to as the "Lender", represented by General Director _______________, acting on the basis of the Charter, on the one hand, and LLC "___________", hereinafter referred to as the "Borrower", represented by General Director _________________, acting on the basis of the Charter , on the other hand, have entered into this cash loan agreement as follows:
1. The Subject of the Agreement
1.1. Under this agreement, the Lender transfers to the Borrower, with interest accrued, a loan in the amount in the currency ___________________________ ________________________________________________________________________________ (specify the currency of the cash loan agreement)
in the amount of _____________(__________________________________________), which is equivalent (in numbers and words)
_____________(_______________________________________________) rubles __ kopecks, (in numbers and words)
at the Bank of Russia exchange rate as of “___”__________ 201_, and the Borrower undertakes to repay the specified loan amount with interest accrued on it by “___”________ 201_.
etc…
The entire sample loan agreement is available in the attached file.
Here you can view and download a loan agreement template for 2018 in a format convenient for you. Remember that you can always get our legal assistance, including filling out this form, by contacting us at the phone numbers listed on the website.
In the preamble, in relation to the borrower - an individual, passport data and data on his state registration as an individual entrepreneur are indicated.
In clause 1.1, clause 2.2. The loan amount and interest are indicated in words.
In the case of a cash settlement procedure, clauses 2.1 and 2.3 are subject to corresponding changes. For example: "2.1. The loan is issued to the Borrower in cash from the Lender's cash desk on the day of signing this agreement." And so on.
In clause 2.2. interest may accrue from another date agreed upon by the parties.
If there is no need to recalculate interest upon early repayment of the loan, clause 2.5 is subject to corresponding changes. For example: "2.5. In case of early repayment of the loan, the amount of interest is not recalculated. Interest must be paid in full in accordance with clause 2.2. simultaneously with the early repayment of the loan."
It is permissible to include provisions on insurance for the fulfillment of obligations in the contract.
New sample 2019
LOAN AGREEMENT No. _______
_________________ "____"__________20___
Hereinafter referred to as the Lender, represented by ____________________________, acting on the basis of the Charter, on the one hand, and the individual entrepreneur __________________________, hereinafter referred to as the Borrower, on the other hand, have entered into this agreement as follows.
1. THE SUBJECT OF THE AGREEMENT
1.1. The Lender transfers to the Borrower the ownership of funds in the amount of _________________________________, and the Borrower undertakes to return to the Lender the same loan amount by "_____" _________ 200___ and pay interest for the use of funds in accordance with the payment schedule (Appendix No. 1 to this agreement).
1.2. The loan amount is issued for use for the purposes of ____________________________________________________________.
Changing the purpose of using the loan is not allowed.
2. CONTRACT PRICE AND PAYMENT PROCEDURE
2.1. The loan is issued to the Borrower by non-cash transfer of funds to account No. ____________________________. The date of conclusion of this agreement is the day of receipt of funds to the Borrower’s current account.
2.2. If the funds have not been credited to the Borrower’s account by ___________________, the agreement is considered not concluded and does not give rise to any legal consequences. In this case, the Borrower is obliged to return the received amount to the Lender within ____ days after they are received into the Borrower’s account.
2.3. The date of execution by the Borrower of this agreement to repay the loan amount and transfer the fee for using the loan is the date of receipt of funds to the Lender's current account No. ________________________________.
2.4. The terms and amounts of loan repayment and interest payments for using the loan are determined in Appendix No. 1, which is an integral part of this agreement.
2.5. In case of early repayment of the loan, the amount of interest is recalculated by the Lender only in the event of a significant repayment. A significant advance is considered to be a return of at least 50% of the next payment amount, including interest according to the schedule (Appendix No. 1 to this agreement), no later than ____ calendar days before the payment date. When recalculating interest, appropriate changes are made to the specified Appendix, which are documented in a new edition of the Appendix.
3. RIGHTS AND OBLIGATIONS OF THE PARTIES
3.1. The lender has the right:
3.1.1. Check the intended use of the loan.
3.1.2. As a matter of priority, with notice to the Borrower, but without his consent, assign the amounts received from him to repay interest for which the payment deadline has come.
3.1.3. Terminate the agreement early and demand from the Borrower early fulfillment of obligations to repay the loan, including interest for its use and penalties in the following cases:
Using the loan for purposes other than its intended purpose;
Delay by the Borrower in repaying the loan (part of the loan) or failure to pay interest (part of the interest) for more than ______ days;
Loss of loan security or a significant deterioration in its conditions that occurred through no fault of the Lender;
If the Borrower is presented with demands, incl. claims for payment of a sum of money or for the recovery of property, the amount of which jeopardizes the Borrower’s fulfillment of obligations under this agreement;
Making a decision to deprive the Borrower or terminate the right to engage in entrepreneurial activity.
Requirements for early fulfillment of these obligations by the Borrower must be satisfied within 14 days from the date of its notification of early termination of the contract.
3.1.4. Fully or partially assign your rights under this agreement to another person without the consent of the Borrower.
3.2. The lender is obliged:
3.2.1. Inform the Borrower about delays in repaying the loan or paying interest within three days after the deadline for fulfilling the obligation.
3.2.2. Provide the Borrower with information and consulting services to ensure proper use of the loan.
3.2.3. Within 5 calendar days, notify the Borrower in writing about the transfer of rights under this agreement to the new lender.
3.2.4. In case of significant early repayment of the loan in accordance with clause 2.5. of this agreement, recalculate the amount of interest and sign a new version of Appendix No. 1.
3.3. The borrower has the right:
3.3.1. Repay the loan amount ahead of schedule.
3.3.2. Require the Lender to recalculate the interest amount in accordance with clause 2.5. of this agreement and the signing of a new edition of Appendix No. 1.
3.4. The borrower is obliged:
3.4.1. Use the loan amount only for the purposes specified in clause 1.2.
3.4.2. Upon first request, within 3 calendar days, provide the Lender with all information about the actual use of the loan, financial condition, solvency, as well as provide access to inventory and other property related to the implementation of this agreement.
3.4.3. Timely return to the Lender the received loan amount and pay interest in the amounts and within the terms specified in Appendix No. 1 to this agreement.
3.4.4. Return the loan amount and interest in the amount of ____________ percent per annum of the loan amount for the period of actual use of the loan in the event of early termination of this agreement.
3.4.5. Within three calendar days, notify the Lender in writing of the occurrence of the circumstances specified in clause 3.1.3. actual agreement.
3.4.6. Pay the Lender a fine and penalties in the cases specified in Part 4 of this agreement.
3.5. The parties undertake to maintain confidentiality and not to disclose trade secrets related to the execution of this agreement.
4. RESPONSIBILITY OF THE PARTIES
4.1. In case of improper use of the loan, the Borrower shall pay the Lender a fine in the amount of the loan amount used for other purposes.
4.2. In case of delay in payment of interest for the use of the loan and (or) delay in repayment of the loan (part of the loan), the Borrower shall pay penalties in the amount of _____% of the unpaid loan amount and interest for each day of delay in payment until the relevant obligation is fulfilled.
4.3. Payment of a fine and (or) penalty does not relieve the Borrower from fulfilling other obligations under this agreement.
4.4. In other cases of violation of obligations under this agreement, the parties are liable in accordance with the legislation of the Russian Federation.
5. VALIDITY OF THE AGREEMENT
5.1. This agreement is considered concluded from the moment the funds are issued to the Borrower in accordance with clause 2.1. agreement and is valid until full repayment of the loan amount, full repayment of all interest, fines and penalties.
5.2. The Agreement may be terminated unilaterally at the initiative of the Lender in the cases provided for in clause 3.1.3 of this Agreement.
6. OTHER CONDITIONS
6.1. Any changes and additions to this agreement will be made by the parties in writing by their mutual consent.
6.2. Controversial issues arising under this agreement during its execution , submitted for consideration to the court __________________.
6.3. The Agreement is drawn up in two copies having equal legal force, one each for the Lender and the Borrower.
7. ADDRESSES AND DETAILS OF THE PARTIES TO THE AGREEMENT
Lender Borrower
Signatures:
APPENDIX No. 1
TO LOAN AGREEMENT No. ________,
concluded between _____________________________________________
city ____________ "____"__________20__
1. Payment schedule
|
DATE OF PERFORMANCE OF OBLIGATIONS BY THE BORROWER |
PRINCIPAL AMOUNT (RUB.) |
INTEREST CHARGES (RUB.) |
TOTAL AMOUNT (Principal + interest) (RUB) |
2. This Appendix to the loan agreement No. ________ is an integral part thereof.
3. This Appendix may be changed by adopting a new version signed by the parties to the agreement.
4. Addresses and details of the parties:
Lender Borrower
____________________ ______________________
