A simple, ready-to-use 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 clean, plain-English sample that covers the essentials of a straightforward loan: how much is lent, the interest rate, the loan term, the monthly repayment (split into principal and interest), and what happens if a payment is late or the borrower defaults.

Just answer a few simple questions - the lender's and borrower's details, the loan amount and interest rate, the term, and the monthly repayment - 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 and an Effective Date

- The loan amount and the monthly interest rate

- The loan term (in months or years) and a monthly repayment amount, split into principal and interest

- A late-payment clause with a grace window and an optional late fee

- A default clause letting the lender accelerate the full balance if a default is not cured

- A prepayment clause confirming no penalty for early payment

- Representations and warranties, severability, waiver, and a legal-fees clause for the successful party in a dispute

- A legal-and-binding clause and a governing-law and jurisdiction clause you choose

- An entire-agreement clause and a clean signature block for both parties

How to create your loan agreement

1. Open the template and click Generate.

2. Answer the guided questions; the parties, the loan amount and interest rate, the term, and the monthly repayment.

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

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

Who is this loan agreement for?

Individuals lending to family, friends or business partners, and small businesses that want a simple written record of a loan instead of an informal promise. Because it is jurisdiction-neutral, you choose the governing law, so the same straightforward format works whether the parties are in the same place or in different states or countries.

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 by country, state and loan type. 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

- Simple, plain-English clauses covering the loan essentials

- Instant download after generation

#simple loan agreement templates

Sample Loan Agreement