![]() ![]() ![]() This fee will be added to the unpaid balance of the loan. If this note is placed with a legal representative for collection, then Borrower agrees to pay an attorney's fee of ten percent (10%) of the voluntary balance. If Borrower has not paid the full amount of the loan when the final payment is due, the Lender will charge Borrower interest on the unpaid balance at 20 percent (%) per year. In any such event interest shall be calculated up to the date of payment.Īny payment not remunerated within 10 days of its due date shall be subject to a belatedly charge of 5 percent (%) of the payment, not to exceed $ 500 for any such late installment. The Borrower shall be entitled to pay larger instalments than prescribed or the full balance of capital and interest at any time prior to the prescribed dates of payment. The Borrower shall be obliged to pay the Interest Rate in equal monthly instalments of percent 1 (%) on the first day of each month. ![]() The Borrower shall be obliged to pay interest at the rate of 12 percent (%) per annum, the "Interest", such interest to be paid together with the capital sum of the loan at the end of the loan period. The Borrower promises to pay to the Lender $ 10,000 and Interest as well as other charges outlined below. This loan shall endure for a period of 3 months calculated from the Date of Agreement This Agreement is effective Effective Date. Full Name ( ABN or ACN) of Address, (“the Borrower”),įull Name ( ABN or ACN) of Address (“the Lender”), together know as the "Parties".
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