Model Loan Agreement:
Lender (Party A) ID No.
Borrower (Party B) ID No.
Parties A and B, on the basis of equality, voluntariness, and friendly negotiation, have reached the following agreement:
One, B borrows from Party A the amount of RMB _____? Yuan whole.
Two, the loan period of ? _____ years, from _____? year? _____ month _____? Day to _____? year _____? month? _____ end.
Third, the loan period expires, Party B guarantees to return all the loan immediately, otherwise, willing to bear all, legal responsibility.
Four, Party A will deliver the loan to Party B within two days after the signing of this agreement.
V. Party A fails to deliver the money to Party B on time or Party B fails to repay the money on time, the defaulting party shall pay the default penalty of __________ yuan to the defaulting party.
Sixth, this agreement in duplicate, since the date of A, B both sides signed and stamped with the official seal (is the unit of the official seal) effective, A, B both sides of one for evidence.
A? Party: ? Signature by handprint or seal
Party B: Signature by handprint or seal
Signed: ? Year month
Expanded information: Legal and effective protection of the private loan agreement should be followed by the must strictly abide by the relevant provisions of the state laws, administrative regulations, follow the Voluntary mutual assistance, honesty and credit, the principle of fairness. The lender's funds must be his own funds belonging to his legitimate income, and it is prohibited to absorb other people's funds to lend. The interest rate for private individual lending is determined by the negotiation between the borrowing and lending parties, but the negotiated interest rate shall not exceed the state regulations. Lending between citizens and enterprises, as long as the two parties can be recognized as valid. In practice, for one of the following circumstances, should be recognized as invalid lending contract: (1) the enterprise in the name of lending to employees illegal fund-raising. (2) enterprises in the name of lending to the community illegal fund-raising. (3) Enterprises granting loans to the public in the name of lending. (4) Other lending behaviors that violate laws and administrative regulations. Interest on remunerated private loans shall be paid within the payment period agreed upon after the use of the loan and shall not be deducted in advance. If the interest is deducted in advance in the principal, shall be in accordance with the actual amount borrowed to return the loan and calculate the interest. The interest rate on loans between citizens may appropriately exceed the relevant national borrowing rate according to the judicial interpretation of the Supreme People's Court, but shall not exceed four times. References: Baidu Encyclopedia of Private Borrowing Contracts