Help with loan agreement

[Trisha Punneo]

Can anyone tell me if this is a good loan agreement? LOAN TERMS AND CONDITIONS (1) Borrower must have a working bank account in his/her name or company name which will be used for the transfer of the loan. (2) Borrower will start the repayment of his/her loan( interest only) A month after the loan has been transferred. (3) Borrower will be given four weeks (a month) grace to payback the principle(loan amount) at the end of the loan duration before legal actions will be taken. (4) Failure to pay back the loan at the expected date / period, legal actions will be taken against the borrower by our attorney. (5) Address:You must inform us about change of circumstances and must tell us promptly if you change your residential address or zip, or if you think there is any information That We Should be aware of. (6) There is no early repayment penalty. (7) Interest: Interest rate shall be 5% irrespective of the loan amount. (8) Loan Process: It takes the interval of 2 to 5 days from application to funding. (9) Loan Amount: Loan amount ranges from $5,000.00 to $5,000,000.00 . (10) Loan duration: Loan duration ranges from 3 months to 20 years. I will need your confirmation if you are in agreement with the above mentioned loan terms and conditions.