A clear loan agreement you can customize and download in minutes

A loan agreement is the contract a lender and a borrower sign to put a loan of money in writing. This template is a standard, plain-English format suitable for personal and business loans between individuals or companies; it sets out how much is lent, the interest rate, the repayment schedule, what happens if a payment is missed, and how the lender is protected if things go wrong.

Just answer a few simple questions - the lender's and borrower's details, the loan amount, the interest rate, the repayment schedule, and any security - and your personalized loan agreement is generated instantly, ready to download as PDF or Word.

What this loan agreement includes

- Clear identification of the Lender and Borrower

- The loan amount (principal), when it is paid out, and the purpose of the loan

- The interest rate and how interest is calculated (including an interest-free option)

- A repayment schedule: number and amount of instalments, payment frequency, and a final maturity date

- A prepayment clause allowing early repayment without penalty

- A late-payment clause with default interest and a grace period

- A security / guarantee clause (or a clear statement that the loan is unsecured)

- The borrower's representations, a list of events of default, and the lender's right to accelerate and enforce

- A costs clause, a notices clause, a governing-law clause you choose, and standard general terms

- A signature block for both parties and a witness

How to create your loan agreement

1. Open the template and click Generate.

2. Answer the guided questions — the parties, the loan amount, the interest rate, the repayment schedule, and any security.

3. Generate the document — your details are merged into the agreement automatically.

4. Review and download as PDF or Word, then sign (ideally before a witness) and keep a copy of the repayment schedule.

Who is this loan agreement for?

Individuals lending to family, friends or business partners, small businesses lending to or borrowing from others, and anyone who wants a clear written record of a loan instead of an informal promise. Because it is jurisdiction-neutral, you choose the governing law, so the same standard format adapts to your country or state.

Disclaimer: This template is provided for convenience and general information only and is not legal advice. Interest-rate caps, consumer-credit licensing, usury and lending rules vary widely by country, state and loan type, and some loans require registration or a licence. For regulated lending, high-value loans, or loans to consumers, have the final agreement reviewed by a qualified lawyer before signing.

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What's included

- Professional formatting and layout

- Easy customization with guided questions

- Multiple export formats: pdf, docx

- Standard, legally structured clauses

- Instant download after generation

#interest and repayment terms templates

Loan Agreement Template