The Repayment Agreement Template – Canada comes in multiple formats, including PDF, Word, and Google Docs. All versions are customizable and ready for printing, providing a convenient solution for your needs.
Repayment Agreement Template – Canada Editable – PrintableSample
1. Parties Involved 2. Loan Amount 3. Purpose of the Loan 4. Repayment Terms 5. Interest Rate 6. Payment Method 7. Late Payment Charges 8. Default Conditions 9. Confidentiality Clause 10. Governing Law 11. Signatures and Acceptance
PDF
WORD
Examples
[Borrower’s Name]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
[Lender’s Name]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
This Repayment Agreement (“Agreement”) details the terms under which [Borrower’s Name] agrees to repay the borrowed amount to [Lender’s Name], starting on [Start Date].
The total amount borrowed is [Loan Amount], which [Borrower’s Name] acknowledges receiving in full.
[Borrower’s Name] agrees to repay the loan in [Number] installments of [Installment Amount] each, due on the [Due Date] of every month.
The annual interest rate applicable to this loan is [Interest Rate]%. Interest will be calculated on a monthly basis.
Should [Borrower’s Name] fail to make any payment within [Grace Period] days of the due date, a penalty fee of [Penalty Amount] will be applied.
[Borrower’s Name] has the right to repay the loan in full at any time without incurring additional fees or penalties.
This Agreement will be governed by the laws of Canada.
[Borrower’s Signature]
[Borrower’s Name]
[Lender’s Signature]
[Lender’s Name]
[Borrower’s Name]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
[Lender’s Name]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
This Repayment Agreement formalizes the loan amount of [Loan Amount] provided to [Borrower’s Name] by [Lender’s Name], effective from [Start Date].
[Borrower’s Name] acknowledges receipt of the loan specified above and agrees to repay this amount in accordance with the terms outlined in this Agreement.
Payments shall be made in [Number] installments of [Installment Amount] each, paid on the [Due Date] of each month until the total amount is repaid.
An interest rate of [Interest Rate]% per annum will apply. Late payments will incur a fee of [Late Fee Amount].
If [Borrower’s Name] fails to make payment by the due date, the entire remaining balance shall become immediately due and payable.
Any amendments to this Agreement must be made in writing and signed by both parties for them to be valid.
This Agreement shall be interpreted and enforced in accordance with the laws of Canada.
[Borrower’s Signature]
[Borrower’s Name]
[Lender’s Signature]
[Lender’s Name]
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