Document background
This Demand Loan agreement template is designed for use under Danish law when parties wish to establish a flexible lending arrangement where the lender maintains the right to demand repayment at any time. The document is particularly useful for short-term financing needs, inter-company loans, or situations where traditional term loans may not be suitable. It includes all necessary provisions required under Danish legislation, including compliance with the Danish Contracts Act, Interest Act, and Financial Business Act. The agreement can be customized for both commercial and consumer lending scenarios, though additional requirements apply for consumer loans. The document includes comprehensive sections on loan terms, interest calculation, demand mechanisms, and enforcement provisions, all aligned with Danish legal requirements and market practice.
