Updated 23.05.2024

Simplified loan agreement 

Private or commercial loan with or without interest, to be repaid on a due date, without additional guarantees or restrictions.

Use this contract: 

  • When you want to grant a loan without any particular guarantees, restrictions or penalties.
  • 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 a one-off interest payment.
  • Whether you are lending in pounds or foreign currency, for any amount.
  • Whether the loan is between individuals or businesses.



This agreement is governed by laws of England and Wales and complies with financial regulations 

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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 provision of preliminary security. 
  • Interest on arrears and obligation to cover any additional damage in the event of late repayment. 
  • Obligation to regularly confirm declarations regarding the borrower’s solvency, financial situation, and legal status. 
  • Immediate termination in the event of the borrower’s bankruptcy or insolvency. 

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

  • Possibility of early, total or partial repayment. 
  • 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. 
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