A clear loan agreement for Nigeria, Kenya and South Africa — 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 built for three key African markets - Nigeria, Kenya and South Africa - suitable for personal and business loans between individuals or companies. You pick the governing country and the agreement adapts its currency, courts and stamp-duty wording, while setting 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, the governing country and any security - and your personalized loan agreement is generated instantly, ready to download as PDF or Word.

What this loan agreement includes

- A governing-country selector for Nigeria, Kenya or South Africa, which drives the applicable law, courts and stamp-duty wording

- 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, with a note that the rate must not exceed any legal maximum in the chosen country

- 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)

- A list of events of default and the lender's right to accelerate and enforce

- A costs and stamp-duty clause, a notices clause, and a dispute-resolution and governing-law clause (discussion, then mediation, then the local courts)

- A signature block for both parties and a witness, reflecting common execution practice in these jurisdictions

How to create your loan agreement

1. Open the template and click Generate.

2. Answer the guided questions: the governing country, 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 before a witness and complete any stamping or registration required in your country.

Who is this loan agreement for?

Individuals lending to family, friends or business partners, and small businesses lending or borrowing in Nigeria, Kenya or South Africa, who want a clear written record instead of an informal promise. Because you choose the governing country, the same standard format adapts to each market's law, currency and courts.

Disclaimer: This template is provided for convenience and general information only and is not legal advice. Interest-rate caps, money-lending licensing, stamp-duty and consumer-credit rules differ across Nigeria, Kenya and South Africa - for example South Africa's National Credit Act, Kenya's in-duplum and lending rules, and Nigeria's stamp-duty and money-lenders laws. For regulated lending, high-value loans, or loans to consumers, have the final agreement reviewed by a qualified lawyer in the relevant country before signing.

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What's included

- Professional formatting and layout

- Easy customization with guided questions

- Multiple export formats: pdf, docx

- Standard clauses adapted for Nigeria, Kenya and South Africa

- Instant download after generation

#loan agreement South Africa templates

Loan Document Template