Credit institutions (eg banks) provide funds
borrower who is obliged to return the funds, taking into account accumulated interest
.The loan agreement is different from its loan agreement
reimbursable basis.The main principles of the allocation of funds is
repayment, and urgency.Parties to a credit institution and the borrower.The agreement provides for bilateral obligations, under which duties are to provide lender of funds, and the borrower - to receive and return the loan with interest.
loan agreement described in Article 820 of the Civil Code of Russia.The document should be made only in written format.Gross violation of these conditions invalidates the document.As a rule, banks are using these forms of contracts that are not subject to change, consultation and discussion.An individual can only join an existing form of the contract.And the form of the document is the main condition for agreement between the parties, without which it is impossible to conclude a contract.
credit agreement is concluded, together with the agreement on the opening of the loan account, suretyship contract and urgent commitment.At the same time the borrower must pay the fee for servicing the account barnkovskogo.In the event that the conditions included in the contract of pledge of immovable property, it must be notarized and registered in accordance with the Law on registration of rights to immovable property.
loan agreement, according to the Banking Act, provides for a peremptory payment of interest for the provision of funds.The interest payments is regulated only by the contract and is one of its essential conditions.The important point is that interest is charged from the date of receipt of money on account of the borrower, and not from the date of signing the contract.
Content loan agreement includes provisions for repayment of the loan in case of delayed return.The Bank may require the borrower to pay
increased interest and penalties.The term of the loan the borrower retains the right of refusal of credit.For this purpose it is necessary to send the credit organization notified.At the same time the borrower is not required to provide the bank base its refusal to receive funds.
Termination of the credit agreement is possible from both the borrower and by the credit institution.In accordance with Article 813 of the Civil Code, the bank may require the borrower's early repayment of the loan in case of deterioration or loss of the security conditions of the loan agreement.In providing target loan when it is used for unknown purposes, the contract may also be terminated by the credit institution.
basis for the application of penalties could be violation of terms of return of principal or a portion of the loan.In this case, the bank is entitled to demand the return of all of the remaining amount of the loan plus any interest due.
Russian legislation clearly defines the shape of the credit agreement, which must be made in writing.Its structure, however, is not clearly spelled out.The loan agreement shall include mandatory credit terms, the subject of the agreement, the rights and obligations of the parties, their legal addresses, signatures and details.However, in some cases, where the financial interests of the credit institution to accommodate the interests of a large customer, the loan agreements could be significantly revised.
