This Installment Loan Agreement ("Agreement") is made and entered into as of (the "Effective Date") by and between:
Lender:
Address:
Borrower:
Address:
| Loan Amount | |
|---|---|
| Interest Rate | |
| Term (Months) | |
| Installment Payment | |
| First Payment Due | |
| Final Payment Due |
The Borrower agrees to repay the Loan Amount in regular installments as specified above, including interest, until the full amount and any accrued interest is paid in full.
The Borrower may prepay all or part of the loan at any time without penalty.
Failure to make payments as described in this Agreement constitutes a default. Upon default, the outstanding loan amount and any accrued interest shall become immediately due and payable, at the Lender's discretion.
This Agreement shall be governed by and construed in accordance with the laws of .
Lender Signature
Date:
Borrower Signature
Date: