Repayment agreement template

creditor:

Address: Phone: Zip code:

debtor:

Address: Phone: Zip code:

After friendly consultations, the parties agreed on the relevant matters as follows:

First repayment content

1. Repayment amount: RMB.

2. Repayment period: The debtor will be paid off by the date of the signing of this agreement.

3. Interest rate: Executed according to the interest rate, specifically:

Second guarantee

The debtor will act as a collateral for repayment. Mortgage period: From the date of entry into force of this Agreement until the debtor has paid off all the money and interest rates of the creditor in connection with this contract.

Article 3 Obligations of both parties

Creditor’s obligations:

1. The documents that the creditors have handed over the collateral shall be properly kept and shall not be lost or damaged.

2. After the creditor has paid off all the payments stipulated in this Agreement, the documents of the collateral will be handed over to the creditors.

Obligor’s obligations:

1. The arrears and interest rates on creditors shall be repaid in a timely manner in accordance with the time specified in this Agreement.

2. The debtor delivers the title certificate of the collateral from the date of signing the agreement.

Article 4 Liability for breach of contract

If the debtor fails to pay the creditor's arrears and interest according to the contract, the debtor shall be responsible for the breach of contract.

Article 5 This contract shall become effective after being witnessed.

This contract is in six copies, two for each of Party A and Party B, and two for the witness unit.

creditor:

Representative:

debtor:

Representative:

Signing date: year, month and day

Witness unit::