Create Your Own Loan Agreement—Ready in Minutes!

A Loan Agreement is also known as:

• • Loan Contract

  • Personal Loan Contract

  • Money Lending Contract

  • IOU or "I Owe You" Agreement

A Loan Agreement is a legally binding contract between a Borrower and a Lender that specifies the terms for repayment of a loan.

A simple Loan Agreement includes a written promise to pay, payment terms such as interest rate or collateral, payment schedule, and recourse if the Borrower fails to make payments or defaults on the loan.

Loan Agreements are used when lending money for business loans, real estate purchases, vehicle loans, student loans and personal loans between family and friends.

Create Your Own Loan Agreement—Ready in Minutes!

Use our free Loan Agreement template to create a customized Loan Agreement that you can edit, email, download and print in a matter of minutes. Simply enter your information above to get started, or read on for more information.

Payment Terms

The Loan Agreement will specify the payment terms for the loan, which may include regular payments made over a given period of time or a one-time payment made on a specified date at the end of the contract, or upon demand of the Lender.

Interest and Collateral

The Lender may or may not charge interest or require collateral on the loan. Interest is a fee charged by the Lender to use their money and is usually expressed as a percentage of the principal. Collateral is an asset of value, such as property or a vehicle, that the Borrower offers to secure the loan. If the loan is not repaid, the Borrower forfeits the collateral to the Lender.

Our website will help you create a Loan Agreement. We offer free on-line samples and templates of legal forms, including Loan Agreements. Simply fill in the form above to create a preview of your Loan Agreement pdf.