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Loan Agreement

A Loan Agreement Template helps lenders and borrowers record the terms of a loan clearly in writing. Use this free, ready-to-edit agreement to outline the loan amount, interest rate, repayment schedule, and what happens if payments are missed. Fill in the details, download, and get it signed in minutes.

Loan Agreement Template to Set Clear Terms Between Lender and Borrower
A loan agreement is a written contract between a lender and a borrower that explains the terms of a loan. It states how much money is borrowed, the interest rate, the repayment schedule, and the date the loan must be fully repaid. It works for personal loans, loans between family and friends, business loans, and small private lending deals. Without a written agreement, confusion about the amount, repayment dates, or interest can quickly lead to disputes and damaged relationships.

Benefits of Using a Ready-Made Template Instead of Writing One Yourself
Writing a loan agreement from scratch can be confusing, and it is easy to miss key points like late payment fees, early repayment rules, collateral, or what happens if the borrower cannot pay. These gaps can lead to unpaid money and arguments. A ready-made Loan Agreement Template already includes all the key sections in simple language, so you only add your loan and payment details.

Who Can Use This Loan Agreement Template
This template is useful for individuals, family members, friends, small business owners, startups, and private lenders who lend or borrow money. It is also helpful for landlords, freelancers, and anyone who wants a clear and professional record of a loan without paying high legal fees. You do not need legal experience to use it, and it helps both sides start with clear expectations.

How to Fill Out and Use This Loan Agreement Correctly
Start by adding the date and the full names and contact details of the lender and the borrower. Write the loan amount and the interest rate, if any, making sure it follows local law. Add the repayment plan, such as monthly installments or one lump sum, with exact due dates and the payment method. State any late fees and what happens if the borrower misses a payment. Say whether the loan is secured by an asset, such as a car or property, or unsecured. Include whether the borrower can repay early without extra charges. Both parties should read it carefully, sign and date it, and keep a signed copy.


How to Use Agreed Templates

Start With the Template

Open the Product Agreement Template in your Agreed workspace and begin with a ready-to-use agreement structure.

Customize Agreement Details

Add or edit product details, responsibilities, pricing, deliverables, timelines, and other terms to match your agreement needs.

Review, Sign & Manage

Send the agreement for review and approval, collect signatures, and manage the completed agreement securely in Agreed.

Frequently Asked Questions.

Everything you need to know about Agreed. Can't find what you're looking for?

It should include the names of both parties, the loan amount, interest rate, repayment schedule, due dates, late fees, collateral if any, default terms, and signatures.

Yes, if both parties agree to the terms, sign it willingly, and the terms are lawful. A signed agreement can be used as proof of the loan in court if the borrower does not repay, so each side should keep a copy.

A loan agreement is longer and lists the rights and duties of both the lender and the borrower. A promissory note is a shorter document where the borrower simply promises to repay the money. Larger or more complex loans usually need a full loan agreement.

Yes, but the rate must follow local laws, as many places limit how high interest can be. Some tax rules also apply to interest-free or low-interest loans above a certain amount, so check your local requirements.

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