Personal Loan Agreement
Create a personal loan agreement for family, friends or a small business: amount, interest, repayment schedule and default terms. Preview first.
What this document does
A two-party agreement for a loan between individuals, such as family members or friends, or between an individual and a small business, covering the loan amount and its purpose, how and when the money is provided, no interest or a fixed simple rate, repayment in one payment, in monthly installments or in flexible payments by a final date, prepayment, late charges, default, optional collection costs, optional collateral, and the understanding that the loan is not a gift.
What it covers
- Parties
- Background
- The Loan
- Interest
- Repayment
- Late Payments and Default
- Security
- Borrower Statements and Taxes
- Additional Terms
- General Provisions
A template you fill in yourself from your own answers. LeaseCraft is not a law firm and does not give legal advice; for advice about your situation, talk to a lawyer.
How it works
Answer the questions
Plain-language questions about the people, dates and terms.
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