Standard loan agreement 

Use this contract:

• To grant a loan to be repaid on a due date, in a single repayment.
• Whether the loan is interest-free, with simple or compound annual interest, or one-off interest.
• Whether you are lending in pounds or foreign currency, in any amount.
• If you wish to impose additional guarantees and restrictions on the borrower.
• If you wish to provide for penalties and enforcement measures in the event of late repayment.

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Jurisdiction: England and Wales

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Protect yourself legally as a lender with the following options: 

• Stipulation of the conditions precedent to the granting of the loan and request for the creation of a real or personal security to guarantee repayment. 
• Prohibition on selling significant assets, taking on debt or giving more advantageous security to third-party creditors. 
• Obligation to regularly confirm declarations, disclose financial statements or tax returns, subject to immediate termination. 

• Interest on arrears and reminder charges in the event of late payment, with the borrower obliged to cover any legal costs in the event of enforcement. 
• Immediate termination in the event of a change of control, bankruptcy, or insolvency of the borrower. 

Safeguard your interests as a borrower by using the following clauses: 

• Possibility of early repayment, in full or in part, with cessation of interest. 
• Flexible calculation of simple interest with the option of a single or regular payment. 
• Option to specify a single interest rate that does not depend on the term of the loan. 
• Option to accumulate compound interest at different periods. 
• Limitation of reminder fees.