Home › Templates › Personal Loan Agreement
For loans between people (not banks). Put it in writing — even with family.
Not legal advice. This is a general template for informational purposes only. Laws vary by state and country — have a lawyer review it before use.
Lender: [Name]. Borrower: [Name]. Date: [Date].
Principal: [$]. Interest: [X%] per year. Purpose: [optional].
Borrower pays [$] per [month], starting [Date], until paid in full ([N] payments).
Late fee: [$] after [10] days. No prepayment penalty — Borrower may pay early.
If Borrower misses [2] payments, the full balance becomes due immediately.
This Agreement is governed by the laws of [State/Country].