All free templates · Finance and lending

Personal loan agreement

A loan between friends, family or individuals, written down so both sides remember the same thing.

Use this templateOpens in Sealquill with the signature lines placed. Free plan, no card.

What you fill in

Lender name
Borrower name
Amount
Date
Payment method
Rate

Blanks are shown in [square brackets]. Edit the text in Sealquill before you send it; the PDF editor changes the real words.

Personal Loan Agreement

This Personal Loan Agreement is made between [Lender name] (the "Lender") and [Borrower name] (the "Borrower") as of the date of the last signature below.

1. Loan

The Lender lends the Borrower [amount] on [date], by [payment method].

2. Interest and repayment

Interest is [rate]% per year [or: no interest]. The Borrower will repay [amount] per month from [date] until [date], and may repay early at any time.

3. If payments are missed

If a payment is more than [15] days late, the parties will talk first. If the Borrower does not catch up within [30] days, the Lender may ask for the whole balance.

4. General

This agreement is governed by the laws of [state]. It is the entire agreement between the parties on its subject and may be changed only in writing signed by both. It may be signed electronically and in counterparts.

Lender

Signature, name and date

Borrower

Signature, name and date

More finance and lending templates

This template is a general starting point and is not legal advice. Laws differ from place to place and every situation is different: have a lawyer review anything important before you rely on it.

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Use this templateSigners need no account and can sign on a phone.