Loan Extension Agreement Template

You can open the Loan Extension Agreement Template in multiple formats, including PDF, Word, and Google Docs.

Open Template

Sample

Loan Extension Agreement Template

Printable | Editable Form

PDF 1 PDF 2

Loan Extension Agreement Template (1)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This document formalizes the extension of the loan agreement originally signed on [Original Contract Date]. The terms of the loan are being modified as detailed below.
Clause 1: Loan Extension Terms
The original loan amount of [Original Amount] is hereby extended, with a new repayment date set for [New Repayment Date].
Clause 2: Interest Rate Adjustment
The interest rate on the remaining balance shall be modified to [New Interest Rate], effective from [Effective Date].
Clause 3: Repayment Schedule
The new repayment schedule will consist of [Number of Payments] payments of [Amount] each, due on [Payment Due Dates].
Clause 4: Default Provisions
In the event of default, the Lender retains the right to pursue legal remedies as outlined in the original loan agreement.
Clause 5: Miscellaneous Provisions
This agreement shall be governed by the laws of [Jurisdiction], and any amendments must be in writing and signed by both parties.
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Loan Extension Agreement Template (2)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This agreement serves to extend the loan initially provided on [Original Contract Date], with adjustments to the payment terms as specified below.
Clause 1: Revised Loan Amount
The total amount of the loan is confirmed as [Original Amount] with an extension of [Extension Amount], resulting in a new total of [New Total Amount].
Clause 2: Updated Interest Rate
The new interest rate shall be [New Interest Rate], starting from [Effective Date] and continuing until repayment is complete.
Clause 3: New Repayment Terms
The borrower agrees to repay the total amount in [Number of Payments] installments of [Amount] each, payable on [Payment Schedule].
Clause 4: Prepayment Option
The Borrower shall have the option to prepay all or part of the outstanding loan balance without penalty.
Clause 5: Governing Law and Dispute Resolution
This agreement will be governed by the laws of [Jurisdiction], and both parties agree to mediate any disputes prior to escalating to litigation.
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

Template Online

Form

Please complete the form below to create the Loan Extension Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Loan Extension Agreement Template

1. Borrower Information


2. Lender Information


3. Original Loan Details


4. Extension Loan Details


5. Interest Rate and Payment Terms

6. Purpose of Loan Extension

7. Default and Remedies

8. Representations and Warranties

9. Governing Law

10. Signatures and Acceptance

11. Declaration and Signatures



PDF

WORD

Printable

Loan Extension Agreement Template

Printable | Editable Form

PDF 1 PDF 2

Loan Extension Agreement Template