Personal Loan Agreement

Contract No.: _________________________
Place of Signing: ______________________
Date of Signing: ____ / __ / ____

Article 1. Parties to the Agreement

Party A (Lender): ___________________________
ID Card No. / Passport No.: _______________________
Address: ________________________________________
Contact Information: _____________________________

Party B (Borrower): ___________________________
ID Card No. / Passport No.: _______________________
Address: ________________________________________
Contact Information: _____________________________

Article 2. Loan Amount and Purpose

  1. Loan Amount: RMB ______ (or USD ______).
  2. Purpose of Loan: Party B undertakes to use the loan for _________________________ and shall not use it for any other purpose.

Article 3. Loan Term

  1. Start Date: ____ / __ / ____.
  2. Maturity Date: ____ / __ / ____.
  3. Loan Term: ______ months/days, commencing from the actual date of disbursement.

Article 4. Loan Interest

  1. Interest Rate: Annual rate ______% (or monthly/daily rate as otherwise agreed).
  2. Calculation Method: Interest = Principal × Daily Interest Rate × Actual Number of Days.
  3. Interest Payment Method: □ Lump sum with principal □ Installments □ Monthly payments (as agreed by both parties).

Article 5. Repayment Method

  1. Repayment Method:
    • □ Lump sum repayment of principal and interest
    • □ Installments
    • □ Other agreed method: _______________________
  2. Repayment Account (designated by Party A):
    • Bank Name: _______________________
    • Branch: _______________________
    • Account Holder: _______________________
    • Account Number: _______________________
  3. Party B shall make repayment of principal and interest on schedule to the designated account.

Article 6. Guarantee Clause (if applicable)

  1. This loan may be secured by mortgage, pledge, or a guarantor. Specific arrangement: _______________________.
  2. Information of the collateral or guarantor: _______________________.
  3. The scope of the guarantee includes principal, interest, and any costs arising from default.

Article 7. Early Repayment and Overdue Liability

  1. Party B may repay all or part of the loan in advance. Interest shall be calculated based on the actual number of borrowing days.
  2. Overdue Repayment: If Party B fails to repay on time, a penalty of ______% per day shall be applied to the overdue portion. Party A has the right to demand immediate repayment of the entire loan and accrued interest.
  3. Any collection costs and legal fees incurred due to Party B’s overdue payment shall be borne by Party B.

Article 8. Rights and Obligations of the Parties

  1. Party A (Lender):
    • Provide the loan in accordance with this Agreement;
    • Collect interest as agreed;
    • Supervise the use of the loan.
  2. Party B (Borrower):
    • Use the loan strictly for the agreed purpose;
    • Repay principal and interest on schedule;
    • Ensure that all information provided is true and accurate.

Article 9. Breach of Contract

  1. If Party B fails to perform repayment obligations, Party B shall bear overdue penalties and related losses.
  2. If Party A fails to provide the loan as agreed, Party A shall bear the corresponding liability.
  3. If the Agreement cannot be performed due to force majeure, neither party shall bear liability, but both shall negotiate in a timely manner.

Article 10. Dispute Resolution

  1. This Agreement shall be governed by the laws and regulations of the place of signing.
  2. Any disputes arising shall first be settled through negotiation. If negotiation fails, either party may submit the case to the arbitration commission or the People’s Court at the place of signing.

Article 11. Miscellaneous

  1. Matters not covered in this Agreement shall be supplemented in writing, and such supplements shall have the same legal effect as this Agreement.
  2. This Agreement is executed in two (2) originals, with each party holding one, and shall take effect upon signing by both parties.
  3. Both parties confirm that electronic signatures and paper signatures are equally valid.

Signatures

Party A (Lender): ___________________ (Signature)
Date: ____ / __ / ____

Party B (Borrower): ___________________ (Signature)
Date: ____ / __ / ____