A sample agreement for an interest-free loan, according to which a legal entity issues an interest-free loan to an individual. It can be used, for example, when lending to your employee for various purposes: training, recreation, treatment, urgent needs.
LOAN AGREEMENT
city _______________ "___" __________ 20___
LLP "____________________" represented by the director ________________, acting on the basis of the Charter, hereinafter referred to as the "Lender",
and ____________________________________________, hereinafter referred to as ___ "Borrower",
have entered into this Agreement as follows:
1. THE SUBJECT OF THE AGREEMENT
1.1. The Lender transfers, under the terms of this agreement, to the ownership of the Borrower money in the amount of ________________ (__________________________________) tenge, and the Borrower undertakes to return to the Lender the same amount of money (loan amount).
1.2. The loan amount specified in paragraph 1.1 is provided to the Borrower for a period up to "___" ________________ 200___.
2. RIGHTS AND OBLIGATIONS OF THE PARTIES
2.1. The Lender undertakes to provide the money specified in paragraph 1.1 of this agreement to the Borrower within _______ days from the date of signing this agreement by paying it in cash from the Lender's cash desk.
2.2. The date of granting the loan is the date of issuance of money from the Lender's cash desk.
2.3. Confirmation of receipt of the loan is an expenditure cash warrant signed by the Borrower.
2.4. Upon the expiration of the period specified in clause 1.2, the Borrower undertakes to repay the loan amount received from the Lender under this agreement in cash.
2.5. The date of fulfillment by the Borrower of its obligation to repay the loan amount to the Lender is the date of depositing money into the cash desk of the Lender.
2.6. The Borrower has the right, with the consent of the Lender, to repay the loan amount before the repayment period established by this agreement.
2.7. In case of non-payment or late payment of the loan amount, the Borrower undertakes to pay the Lender a penalty in the amount of ____% of the unpaid or late paid amount of money for each day of delay in payment.
3. OTHER TERMS
3.1. No interest is paid for the use of the loan amount.
3.2. This Agreement is made in two copies - one for each Party.
3.3. The Agreement may be amended and supplemented by agreement of the Parties. All changes and additions to this agreement must be made in writing and signed by the Parties.
3.4. All relations between the Parties and their responsibility is determined in accordance with the current legislation of the Republic of Kazakhstan.
3.5. All disputes arising under this agreement and out of it, the Parties will resolve through negotiations. If the parties do not reach an agreement during the negotiations, the dispute is subject to consideration by the court of the Republic of Kazakhstan.
4. ADDRESSES, BANK DETAILS, SIGNATURES AND SEALS OF THE PARTIES
LENDER BORROWER
LLP "______________________" _______________________
____________________________ ________________________
_________________________, ______________________
, ____________________________ st. _____________________
TIN _______________________ TIN ____________________
Bank details __________ Bank details _______
___________________________ ________________________
Director
___________________ __________________