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Loan Agreement Template

A straightforward agreement for lending money between individuals or businesses.

Overview

A Loan Agreement is a written record of the terms on which money is lent. It sets out the lender, the borrower, the loan amount, the repayment terms and any interest.

Putting a loan in writing helps both parties understand their obligations and reduces the risk of disputes later.

Use this template when lending money to a friend, family member or another business and you want to record the terms clearly.

Before You Begin

Gather the following information before adapting this template:

  • 1Full names and contact details of the lender and borrower
  • 2The loan amount and the date the loan is made
  • 3The repayment date or instalment schedule
  • 4Whether interest applies and at what rate
  • 5What will happen if the loan is not repaid on time

Example Template

This is an example only. Replace each highlighted placeholder with your own details, then copy the template into your preferred document editor.

Loan Agreement

Between [Lender Name] and [Borrower Name]

Lender

Name:
Address:
Phone:
Email:

Borrower

Name:
Address:
Phone:
Email:

Loan Amount: $

Loan Date:

Interest (if any): % per annum

Repayment

The borrower agrees to repay the loan amount in full by [Repayment Date]. Repayments shall be made as follows:

Due DateAmount

If the loan is not repaid by the agreed date, the lender may take steps to recover the outstanding amount, including referral for professional debt recovery or legal proceedings.

Lender Signature

Date:

Borrower Signature

Date:

Disclaimer

Important: This template is provided as a general educational example only. It is intended to demonstrate typical wording and document structure. It must be reviewed and adapted to suit your own circumstances before use. It does not constitute legal advice and should not be relied upon as legal advice.