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Loan Agreement Template

What is a loan agreement?

A loan agreement records a loan between a lender and a borrower: amount, interest, repayment schedule, security if any, default and remedies.

When you need one

  • Lending money to a business, friend or family member
  • Shareholder loans to a company

Key clauses included

  • Loan amount and purpose
  • Interest
  • Repayment schedule
  • Prepayment
  • Security or guarantee
  • Events of default
  • Remedies

What the template covers

  1. Loan
  2. Interest
  3. Repayment
  4. Prepayment
  5. Security and Guarantee
  6. Late Payment
  7. Events of Default
  8. Consequences of Default
  9. Borrower's Representations
  10. General
  11. Governing Law and Disputes
  12. Repayment Schedule

How to use it

  1. Buy and download the editable Word file.
  2. Fill in the brackets: names, dates, fees, scope and governing law. Delete options that don't apply.
  3. Check it against local law, and have a lawyer review it for high-value deals.
  4. Sign it on paper or with any e-signature tool.

Frequently asked questions

What format is the template in?

You get an editable Microsoft Word (.docx) file that also opens in Google Docs, Pages and LibreOffice.

Can I use this template in my country?

The templates are written for international use with placeholders for governing law and local details. Contract law differs between countries and states, so check the final document against local law, especially for employment and consumer contracts.

Is this legal advice?

No. A template is a starting point, not advice on your situation. For high-value or unusual deals, have a lawyer review the completed document.

How do I receive the file?

Right after payment you are taken to a download page, and PayPal emails you a receipt. Keep the download page link to download the file again.

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