Who is Lender?

• A Lender (i.e. a person who lends money) is:

  • Business Entity of Organization
  • Individual

• Indicate the full name of a company (Lender):

• Indicate the full name of a Lender:

• Indicate the Lender's full company's address:

• Indicate the Lender's full residential address:

Original Loan

• Select the date on which the original loan agreement was signed:

• Indicate the amount of the original loan in USD:

  !

  The sum of money should exclude any applicable interest (if any).

• Will the interest rate apply towards the loan?

  • No
  • Yes

  !

  Loan interest is the cost a borrower pays for borrowing money from a lender.

  When a borrower takes out a loan, they agree to repay the original amount (called the principal) plus an additional amount called interest.

• Was the Loan given for a specific purpose only?

  • No
  • Yes

  !

  A lender can borrow money for a certain purpose (e.g., to finance a borrower’s studies or to purchase a vehicle).

  If a loan is given for a specific purpose, a borrower should use the borrowed money for the said purpose.

  A borrower’s failure to use a loan in accordance with a designated purpose may result in a contract’s early termination and penalties.

Amendment Details

• Do the parties intend to amend the principal amount of the loan?

  • No
  • Yes

• Indicate the new amount of the loan (in USD):

• Specify the effective date of this change:

• Do the parties intend to modify the interest rate?

  • No
  • Yes

• Indicate the new applicable interest rate (in %):

• Specify the effective date of this change:

• Do the parties intend to amend the loan repayment schedule?

  • No
  • Yes

• Describe in detail the new payment schedule:

• Select the date from which the new payment schedule applies:

• Would the parties like to modify the original purpose of the loan?

  • No
  • Yes

• Specify the revised purpose(s) for which the loan proceeds may be used:

• Do the parties intend to make any amendments other than those stated above?

  • No
  • Yes

• Describe in detail all other amendments that should be made:

• Specify the effective date of this change:

Miscellaneous

• Specify the state law governing the original Loan Agreement:

  Choose option Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia

• Select the date on which the parties sign this amendment agreement:

• Do you want to add a signature?

  • Yes
  • No

• Add your signature:

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