A short-term loan contract you can customize and download in minutes

A loan contract is the agreement a lender and a borrower sign to put a loan of money in writing. This template is a standard, plain-English format built for short-term lending — loans meant to be repaid over 3 to 6 months — whether between individuals, between a business and an individual, or between two companies. It sets out how much is lent, the interest rate, a repayment schedule that fits a short term, the fixed maturity date by which everything must be repaid, and what happens if a payment is missed.

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

What this loan contract includes

- Clear identification of the Lender and Borrower

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

- A dedicated short-term clause: the loan term in months and a fixed Maturity Date by which the loan must be fully repaid

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

- A flexible repayment schedule that fits a short term — a single lump-sum repayment at maturity or a small number of instalments — with a clear no-automatic-rollover rule

- A prepayment clause allowing early repayment without penalty

- A late-payment clause with default interest, a grace period, and a "time is of the essence" note suited to short-term loans

- 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 clean signature block for both parties

How to create your loan contract

1. Open the template and click Generate.

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

3. Generate the document: your details are merged into the contract automatically.

4. Review and download as PDF or Word, then sign and keep a copy of the repayment schedule.

Who is this loan contract for?

Individuals lending to family, friends or business partners for a few months, small businesses giving or taking a short-term or bridge loan, and anyone who wants a clear written record of a short loan instead of an informal promise. Because it is jurisdiction-neutral, you choose the governing law, so the same 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 short-term loans are specifically regulated. For regulated lending, high-value loans, or loans to consumers, have the final contract 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, plain-English clauses built for short-term loans

- Instant download after generation

#short-term loan agreement templates

Loan Contract Template