Loan Agreement Sample Hong Kong

Use this interest rate loan agreement if you are lending or borrowing money on commercial terms. To lend money under a commercial loan agreement, the borrower must pay the lender a set amount of interest and repay the loan at certain maturities. 3. Duration of the loan: this loan has a duration of 3 months from the date of the agreement 7. Late payment: If the borrower has not paid the full amount of the loan by the due date of the final payment, the lender calculates to the borrower interest on the outstanding balance of 20 percent (%) per annum. 15. Global Agreement: the parties confirm that this contract contains the full terms of their agreement and that there is no supplement or modification of the contract of force and effect, unless this is written and signed by both parties. A commercial loan agreement is a loan agreement on commercial terms. 8.

Collection fees: If this note is filed with a legal representative for collection, the borrower agrees to pay a lawyer`s fee of 10% (10%) of the voluntary balance. This fee is added to the outstanding balance of the loan. Interest: The borrower is required to pay interest of 12 percent (%) per annum, the « interest », which must be paid at the same time as the amount of the loan principal at the end of the loan maturity. A loan made under a commercial loan agreement may be secured or unsecured, but in the case of a secure document, additional security documents are required. 9. Insolvency: the total balance of the principal and interest is due immediately when the borrower becomes insolvent. The borrower is required to pay the interest rate in equal monthly instalments of 1 percent (%) on the first day of each month. 3. Payments: All payments due by the borrower to the lender under this Agreement are made by direct deposit to the following bank account: SLUFF Loan + Securities Agreement – $750 + $250 – April 12, 2020 by Anthony Rossi 10.

Cancel. Any provision of this document, which is invalid or unenforceable, shall be read to the extent possible to be valid and enforceable or, if it is not possible, to be separated from this Agreement to the extent that it is invalid, without prejudice to other provisions which remain binding on the parties. 13. Costs: The borrower is responsible for any costs related to the establishment and implementation of this contact. Buy this specific template and generate a unique and personalized document in minutes. 12. Currency: Any reference to the « dollar » or « $ » is a reference to the legal tender of the Commonwealth of Australia (AUD), unless otherwise stated. . . .