Private 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 lawful purposes only and shall not divert the funds for other uses.

Article 3. Loan Term

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

Article 4. Interest Rate and Fees

  1. Interest Rate: Annual rate ______% (or monthly rate ______%), calculated based on actual days.
  2. Other Fees Payable by Borrower (if any, e.g., service fee, handling fee): ______.
  3. Payment Method of Interest and Fees: □ Lump sum □ Monthly □ Installments □ Other: _______________________.

Article 5. Repayment Method

  1. Repayment Method:
    • □ Lump sum repayment of principal and interest
    • □ Installments
    • □ Monthly interest payment with principal repaid at maturity
    • □ Other: _______________________
  2. Repayment Account (designated by Party A):
    • Bank Name: _______________________
    • Branch: _______________________
    • Account Holder: _______________________
    • Account Number: _______________________
  3. Party B shall make all repayments of principal and interest to the above account on schedule.

Article 6. Security (if applicable)

  1. Loan may be secured by mortgage, pledge, or guarantor. Details: _______________________.
  2. Security covers the principal, interest, and any costs arising from default.
  3. Information of collateral or guarantor: _______________________.
  4. Without Party A’s written consent, Party B shall not dispose of or release the collateral or guarantee.

Article 7. Early Repayment

  1. Party B may repay the loan in full or in part before maturity. Interest shall be calculated based on actual days of loan usage.
  2. Early repayment requires ____ days’ prior written notice to Party A and confirmation of settlement by both parties.

Article 8. Rights and Obligations of Both Parties

  1. Party A (Lender):
    • Provide the loan as agreed;
    • Collect interest and fees as agreed;
    • Supervise the use of the loan and the status of collateral/guarantee.
  2. Party B (Borrower):
    • Use the loan strictly for the agreed purpose;
    • Repay principal and interest on time as agreed;
    • Provide truthful information and cooperate with Party A’s supervision.

Article 9. Liability for Breach of Contract

  1. If Party B fails to repay as agreed, Party B shall bear overdue penalties and compensate related losses.
  2. If Party A fails to provide the loan as agreed, Party A shall bear corresponding liability.
  3. Neither party shall be liable if the contract cannot be performed due to force majeure, but both shall promptly negotiate a solution.
  4. If Party B violates the security provisions, Party A has the right to dispose of the collateral in accordance with the law to recover the loan.

Article 10. Dispute Resolution

  1. This contract shall be governed by the laws and regulations of the place of signing.
  2. Any disputes arising from the performance of this contract shall first be resolved through negotiation; if unsuccessful, either party may submit the dispute to the arbitration committee or the People’s Court at the place of signing.

Article 11. Miscellaneous

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

Signatures

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

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