Memorandum of Agreement Sample for Loans

A memorandum of agreement, also known as an MOA, is a legal document that outlines the terms and conditions of a loan agreement. This document is drafted by parties involved in a loan transaction for clarity and to avoid any misunderstandings that may arise in the future.

A memorandum of agreement for loans typically outlines the borrowing terms, repayment schedule, interest rates, and any fees associated with the loan. It also includes a section on default and foreclosure procedures in case the borrower fails to pay back the loan as agreed.

Below is a sample memorandum of agreement for loans:


This agreement (the “Agreement”) is made on [Date] by and between [Lender] with a mailing address at [Address], and [Borrower] with a mailing address at [Address].


Lender is a party willing to loan funds to Borrower, and Borrower is in need of funds.


1. Loan Amount: Lender agrees to loan an amount of [Amount] dollars ($[Amount]) to Borrower.

2. Interest Rate: The annual interest rate on the loan shall be [Interest Rate]% per annum.

3. Repayment Schedule: The loan shall be repaid in [Number of Months] equal monthly installments of [Monthly Payment] dollars ($[Monthly Payment]). The first payment shall be due on [Date] and subsequent payments shall be due on the same day of each month thereafter.

4. Late Payment: If Borrower fails to make any payment on the due date, a late fee of [Late Fee] dollars ($[Late Fee]) shall be charged.

5. Default: In the event of a default, Lender shall have the right to accelerate the loan and demand immediate payment of the entire outstanding balance.

6. Foreclosure: In the event of default, Lender shall have the right to take possession of any collateral pledged by the Borrower.

7. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of [State].

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.


By: ________________________________




By: ________________________________




A memorandum of agreement for loans is an important legal document that protects the interests of both the lender and the borrower. By clearly outlining the terms and conditions of the loan, it can help to avoid misunderstandings and disputes in the future. It is recommended that parties consult with an attorney before entering into any loan agreement.

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