[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-283112-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-283112-en":126},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","internal-loan-agreement-terms-and-conditions","Internal Loan Agreement - Terms and Conditions","","Terms and conditions for an internal credit facility between a borrower (a faculty or department) and an internal lender under an internal financing program. Defines the effective date, credit facility amount and mortgage amortization period, the fixed term and fixed interest rate (subject to lender discretion), and the purpose to finance a specified project. Establishes repayment via blended monthly principal and interest payments, allows penalty-free additional principal on the anniversary, and includes borrower covenants, amendment requirements, and whole-agreement language, plus signature and acknowledgement sections.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/internal-loan-agreement-terms-and-conditions/283112/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/internal-loan-agreement-terms-and-conditions/283112.png","ImageObject",442,249,{"name":42,"@type":43},"Emma Mercer","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-22","2026-09-16",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",21,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What are the key terms defined in this internal loan agreement?","Question",{"text":63,"@type":64},"The agreement sets the effective date, credit facility amount, amortization period, fixed term, and fixed interest rate, plus the purpose for financing the project.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How are repayments made under the credit facility?",{"text":68,"@type":64},"Borrowings are repaid through consecutive, blended equal monthly payments of principal and interest, starting one month after the effective date until the balance is fully repaid.",{"name":70,"@type":61,"acceptedAnswer":71},"Can the borrower make extra payments before maturity?",{"text":72,"@type":64},"Yes. The borrower may make additional principal payments without penalty on the anniversary date of the agreement.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},283112,1790182119,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,114,118,122],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},17,"Forms",40,"forms",{"id":115,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":116,"slug":117},18,30,"letters",{"id":55,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":82,"data":127},{"doc_id":79,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":115,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":30,"language":135,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":12,"update_tm":139,"read_time":22},962084925502,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Appendix II  \nDate  \nHead of Faculty or Department Faculty or Department Address  \nDear   :  \nThe following are the terms and conditions with respect to the $  credit facility.  \nBORROWER  \nFaculty or Department (the “borrower”) c/o Head of Faculty or Department Title  \nAddress  \nLENDER  \nInternal Financing Program (the “lender”) c/o Trevor Rodgers  \nChief Financial Officer  \n150 College Street, 3rd Floor Toronto, ON, M5S 3E2  \nEFFECTIVE DATE:  \nThe effective date of this agreement is   .  \nCREDIT FACILITY  \n$  mortgage amortized over   years.  \nTERM:  \nThe term is fixed for   years.  \nINTEREST RATE:  \nThe fixed interest rate is   % . This rate can be altered at the discretion of the Lender.  \nPURPOSE:  \nTo finance the   project.  \nREPAYMENT:  \nBorrowings under this facility shall be repayable by consecutive, blended equal monthly payments of principal and interest of $  based on an amortization period of   years, commencing one month from the effective date of this agreement until the balance of this facility shall be repayable in full. An amortization table is provided in Appendix 1.  \nThe borrower shall have the option to make additional principal payments, without penalty, on the anniversary date of this agreement. The borrower shall provide from time to time to the lender accounts that will be used to process the monthly repayments of principal and interest.  \nCOVENANTS:  \nThe borrower hereby covenants:  \n(a) to pay all sums of money when due under this agreement.  \n(b) this agreement shall be binding upon the borrower’s successors.  \nAMENDMENTS:  \nNo amendment of any provisions of this agreement will be effective unless it is in writing signed by the Borrower and the Lender.  \nWHOLE AGREEMENT:  \nThis agreement constitutes the whole and entire agreement between the parties in respect of the credit facility. There are no verbal agreements, undertakings, or representations in connection with the credit facility.  \nTIME:  \nTime shall be of the essence in all provisions of this agreement.  \nPlease confirm your acceptance of this agreement by signing the attached copy of this letter in the space provided below and returning it to the undersigned.  \nSincerely,  \nAnthony Tia  \nExecutive Director, Treasury & Investment Services  \nWe acknowledge and accept the foregoing terms and conditions.  \nFaculty or Department  \nBy:   \nName:    \nTitle:    \nThe Internal Financing Program  \nBy:   \nName: Trevor Rodgers  \nTitle: Chief Financial Officer  \nSample agreement.doc","cbCaiuJVtAp8ROAn","https://ap.wps.com/l/cbCaiuJVtAp8ROAn","pdf",96464,"English","# Terms and Conditions\n## Credit Facility and Term\n## Interest Rate, Purpose, and Repayment\n## Covenants, Amendments, and Whole Agreement\n## Signature and Acknowledgement","[{\"question\":\"What are the key terms defined in this internal loan agreement?\",\"answer\":\"The agreement sets the effective date, credit facility amount, amortization period, fixed term, and fixed interest rate, plus the purpose for financing the project.\"},{\"question\":\"How are repayments made under the credit facility?\",\"answer\":\"Borrowings are repaid through consecutive, blended equal monthly payments of principal and interest, starting one month after the effective date until the balance is fully repaid.\"},{\"question\":\"Can the borrower make extra payments before maturity?\",\"answer\":\"Yes. The borrower may make additional principal payments without penalty on the anniversary date of the agreement.\"}]","Internal Loan Agreement - Terms and Conditions | PDF",1789589417]