You can open the Personal Line Of Credit Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Personal Line Of Credit Agreement Template Printable | Editable FormSample
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
This agreement outlines the terms and conditions for the Personal Line of Credit provided by the Lender to the Borrower, effective as of [Contract Start Date].
The Lender agrees to provide the Borrower with a line of credit not exceeding [Amount] which the Borrower may withdraw as needed.
The Borrower will incur interest on the outstanding balance at an annual rate of [Rate]% which will be calculated monthly.
The Borrower agrees to make minimum monthly payments of [Minimum Payment] or more until the outstanding balance is repaid in full.
The Borrower agrees to pay the following fees: [List any applicable fees such as late payment fees, annual fees].
The Borrower may repay all or part of the balance without penalty, and any prepayment will be applied to the principal amount.
In the event of a default, which includes failure to make payments on time, the Lender reserves the right to terminate this agreement and demand repayment of the entire amount owed.
This agreement will be governed by the laws of [Jurisdiction].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
This document sets forth the agreement between the Lender and Borrower regarding the Personal Line of Credit, commencing on [Contract Start Date].
The Lender will extend a line of credit of up to [Amount] to the Borrower for personal use.
Interest will be charged on the outstanding balance at [Rate]% per annum, calculated monthly.
The Borrower agrees to make payments of at least [Minimum Payment] each month until the outstanding balance is paid in full.
The Borrower acknowledges additional fees may apply, such as [Specify fees], which will be disclosed prior to charging.
The Borrower shall have the right to pay off the credit line earlier than agreed without incurring any prepayment penalties.
Defaults will occur if payments are not made within [Number of Days] days of the due date, which may result in termination of this credit line.
This agreement shall be interpreted under the laws of [Jurisdiction].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Form
Please complete the form below to create the Personal Line of Credit Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Personal Line of Credit Agreement Template 1. Borrower Information 2. Lender Information 3. Agreement Details 4. Purpose of Credit 5. Fees and Charges 6. Repayment Terms 7. Default and Remedies 8. Governing Law 9. Signatures and Acceptance 10. Declaration and Signatures
PDF
WORD
Personal Line Of Credit Agreement Template Printable | Editable FormPrintable
