Personal loans are between individuals, business loans involve companies
The lender's details
The borrower's details
And what will it be used for?
And when will the money be transferred?
Interest-free, fixed, or variable rate
The period over which the loan will be repaid
Choose the repayment frequency
Early repayment terms
Secured loans have collateral as protection
A guarantor agrees to repay if the borrower defaults
Late payment penalties
Notice period before loan is in default
Optional additional terms
Governing law and dispute resolution
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