Agreement Templates

45 Loan Agreement Templates to Write Perfect Loan Agreements

A loan agreement template would be beneficial to use when one is going to decide the terms for a specific loan. It is wise to follow a template to get an idea of what should be included and what should be avoided in a loan agreement. A loan agreement is important whether a person is lending loan to someone or whether they are borrowing the loan. The purpose of the loan agreement is to serve as the proof dictating the terms on which the borrower has agreed to repay the loan to the lender. Hence, under the circumstances when there would be a need for the loan, a loan agreement template would be quite useful.

Alternative names for a loan agreement:

  • Money Lending Agreement
  • Personal Loan Agreement
  • Business Loan Agreement
  • A Loan Contract
  • A simple Loan Agreement

Loan Agreement Templates

Simple Personal Loan Agreement Template

Simple Loan Agreement Template

Simple Loan Agreement Template Word

Simple Loan Agreement Between Friends

Short Loan Agreement Template

Short Form Loan Agreement Template

Sample Loan Agreement Between Two Parties

Loan Agreement Template (Between 2 Companies)

Customer Loan Agreement Template

Simple Loan Agreement Template

simple loan agreement template

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loan agreement template

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Frequently there is disagreement about whether an offer of money is to be a loan or a gift. This type of transaction even leads to lawsuits as, over time, the two parties disagree about the intention of the loan or gift. The best way to prevent this from happening is to sign a loan agreement in the first place. This makes clear to all parties that the transaction is to be paid back. An agreement can also include clauses that will change the loan into a gift if they are completed, such as college graduation.

This way both parties are clear on all conditions. One of the best ways to draw up your loan agreement is to use a loan agreement template. A loan agreement template allows editing on screen while you complete the agreement. It is easy to print out drafts of the agreement until both of you reach an understanding. The loan agreement template includes sections to describe the amount of money being provided and how it is to be paid to the second party. This includes sections for a lump sum payment or payments over time to the second party. The loan agreement template can also handle payments that don’t include cash directly, such as the use of a car or access to a rental property.

The loan agreement template starts out clearly listing both parties to the loan and a point of contact for them. It makes clear that each party is entering into this agreement of their own free will to achieve a mutual benefit. It is clear that the parties are responsible for complying with this loan agreement.

A Loan Agreement Template includes a section that clearly spells out how the loan is to be repaid. The lender can decide if he or she wants monthly payments, payments after several years, payment after obtaining a job, a lump sum payment or payment by giving service to the lender. A loan agreement template can handle any and all types of repayment agreements. If you want to add clauses to negate payment or clauses that can change the amount due, a loan agreement template has options for this also.

When the loan is paid off, the loan agreement template has a place for both parties to sign off that the agreement is complete. This way, both parties have a signed agreement that states the loan has been completed in case there is any future problem with the terms of the agreement. Each template can be individually drawn up so that each agreement is individual. Options available include different fonts and colors to produce a quality finished product should the need ever arrive to defend the agreement in court.

Free Loan Agreement Forms

Simple Loan Agreement Format

Sample Loan Agreement (Short Form)

Sample Loan Agreement (Reverse Mortgage Loan)

Sample Loan Agreement (for Personal Power Loan)

Personal Loan Agreement Form

Loan Agreement Form (Personal Property)

Free Loan Agreement Form

Customer Loan Agreement Form

What is included in a standard loan agreement template?

A standard loan agreement template includes the following:

  1. A standard loan agreement template would include the contact information about the lender and the borrower.
  2. A standard loan agreement template would include information about the loan repayment. It would include how the loan would be repaid and would highlight the option, which is agreed upon for the loan repayment.
  3. It would also include information about the relevant interest if it is charged. Not everyone charges interest.
  4. It would also include information on the cosigner, which is usually important if the credit history of a person is not yet established.
  5. It is possible to include the loan sales in the standard loan agreement as well.
  6. A standard loan agreement template would also include information on the late fee and what happens if the person who has borrowed the money defaults.
  7. A loan agreement template would also include information about the collateral.

Is there any interest in the personal loan?

Charging or not charging the interest on the personal loan depends on the choice of the lender. Many people would not charge interest on the personal loan.

How is the interest charge?

Amortization schedule gives information on how the interest is charged on the loan. The lender could charge simple interest on the loan or he or she would charge the compound interest. Under compound interest, the interest is charged on the principal plus the interest amount, which is due on the borrower, which hits the borrower quite heavily and makes a person in huge debt.

Loan Agreement Samples

Sample Short Term Loan Agreement

Sample Loan Agreement Draft

Sample Loan Agreement (for Office Employee)

Sample Loan Agreement (for Education Expenses)

Sample Legal Loan Agreement

Repayment Agreement Sample

Interest Free Loan Agreement Template

Firearm Loan Agreement Template

Loan Agreement Sample : (5 Pages)

loan agreement sample

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What is best payment schedule to pay the loan?

The best payment schedule to pay loan would be the one, which suits the borrower and lender both. It would be wise to consider best when the borrower would be able to repay and how he or she would be able to repay the loan.

Information loan agreement repayment inclusions

It is possible that some lenders would include additional conditions attached to the loan agreement. However, it is extremely important that the terms of the loan are extremely clear for both the parties. It is important that the terms are favorable for the borrower, which means that he or she agrees to the terms of the loan agreement. On the completion of the draft, both parties would sign the document in presence of a witness, which is not always necessary in some cases. A legal notary would require the identification proof before the final signatures. It is important to include the information about the co-signer if one is included in the loan agreement. There would be mention of the late fee and the sale of the loan agreement to another party might be included as well.

Personal Loan Agreement Templates

Standard Loan Agreement Template

Short Loan Agreement Template

Sample Personal Loan Agreement

Sample Loan Agreement Between Family Members

Personal Property Loan Agreement

Personal Loan Agreement Template

Personal Loan Agreement Template (Short Format)

Loan Agreement Template (for Student)

Loan Agreement Template (Between Individuals)

Fine Arts Loan Agreement Template

Personal Loan Agreement Template : (2 Pages)

personal loan agreement template and sample

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Things to do before signing the loan agreement

Before signing the loan agreement, there are various things, which both parties must consider such as:

  • The borrower and lender both should provide the proof of identification, which would rectify any doubts about them being a fraud.
  • It is important that both lender and borrower must read the terms of the agreement clearly. They should understand it well and should agree on the terms. A signature by the lender would show that he or she has agreed to the terms of the loan and a signature by the borrower on the loan agreement would show that he or she agrees to the term of the loan agreement.
  • The lender should be aware of the credit history of the borrower and the borrower should be clear on the repayment terms of the loan.

Note: Please read our Disclaimer before using any template.


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