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Personal Loan Agreement Template: Amount, Interest & Repayment Terms

Create a comprehensive personal loan agreement with amount, interest, and repayment terms.

Fill in the Form

Agreement Date

Lender Information

Borrower Information

1. Loan Amount

2. Disbursement Date

3. Interest Rate

4. Repayment Terms

5. Late Payment

6. Collateral (Optional)

7. Default

8. Governing Law

9. Entire Agreement

Signatures

Lender Signature

Borrower Signature

Preview

Personal Loan Agreement

This Personal Loan Agreement ("Agreement") is made and entered into on [Date], by and between:

Lender: [Full Name / Company Name]

Address: [Address]

Templates.personal-loan-agreement.preview.and

Borrower: [Full Name / Company Name]

Address: [Address]

Together referred to as the "Parties."

1. Loan Amount

The Lender agrees to loan the Borrower the principal sum of $[Amount] (the "Loan").

2. Disbursement Date

The Loan shall be disbursed to the Borrower on or before [Date], via [Payment Method – e.g., bank transfer, cash].

3. Interest Rate

☑ The Loan shall bear interest at an annual rate of [X]%, calculated on the unpaid balance..

☐ This is an interest-free loan.

4. Repayment Terms

The Borrower agrees to repay the Loan as follows:

  • Repayment Start Date: [Date]
  • Payment Frequency: ☐ Weekly ☑ Monthly ☐ Other: __________
  • Payment Amount: $[Amount] per installment
  • Final Due Date: [Date]

Early repayment is:

☑ Allowed without penalty

☐ Subject to [X]%

5. Late Payment

A late fee of $[Amount] will apply if any installment is more than Templates.personal-loan-agreement.preview.daysPlaceholder days past due.. Continued non-payment may result in legal action.

6. Collateral (Templates.personal-loan-agreement.preview.optional)

☐ This Loan is secured by the following collateral [Description of item/property]

☑ This is an unsecured personal loan.

7. Default

If the Borrower fails to make payments as agreed, or breaches any term of this Agreement, the full remaining balance shall become immediately due and payable.

8. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of [State/Country].

9. Entire Agreement

This document represents the entire agreement between the Parties and supersedes all prior oral or written understandings.

IN WITNESS WHEREOF, the Parties have executed this Personal Loan Agreement as of the date first written above.

Lender Signature

Name: [Name]

Date: [Date]

Borrower Signature

Name: [Name]

Date: [Date]

Frequently Asked Questions

What financial agreements can I create?

You can create various financial agreements including personal loan agreements, promissory notes, ACH authorization forms, and other financial documents. All templates are customizable and designed to be legally sound.

Are these financial agreements legally binding?

When properly executed and signed by all parties, these financial agreements can be legally binding. However, we recommend having a lawyer review any financial agreement, especially those involving significant amounts of money or complex terms.

Can I customize interest rates and payment terms?

Yes, all financial agreement templates allow you to customize interest rates, payment schedules, repayment terms, and other financial details. The preview updates in real-time as you make changes.

What information do I need to complete a financial agreement?

You'll need basic information about the parties involved (names, addresses), loan amount, interest rate (if applicable), repayment terms, payment schedule, and any collateral or security details. The form will guide you through all required fields.

Do I need to notarize financial agreements?

Notarization requirements vary by jurisdiction and the type of financial agreement. While not always legally required, notarization can add an extra layer of authenticity and may be recommended for agreements involving significant amounts.
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Personal Loan Agreement Template: Amount, Interest & Repayment Terms