By using the Legal Information, you release Vertex42 from all claims, losses or damages arising out of such use, and you agree that Vertex42's liability, if any, shall be limited as set forth in the Terms of Use. Vertex42 makes no representation or warranty whatsoever (including any warranty of merchantability or fitness for a particular purpose) regarding the Legal Information, and your use of the Legal Information is solely at your own risk. The simple interest loan agreement template, instructions and related information ('Legal Information') provided herein may not be appropriate for your specific situation, may not be suitable for use in some jurisdictions, and should be reviewed, and modified if necessary, by a licensed attorney prior to being used as a legal contract. IMPORTANT DISCLAIMER: is not a law firm and does not provide legal advice or legal representation.
The template does not include provisions for describing collateral, so this agreement would mainly be used for personal unsecured loans. It includes provisions for describing frequency of payments, how interest is accrued, and how fees are charged.
I worked with a real estate attorney to create a loan agreement template in Word specifically for this Simple Interest Loan calculator.
