A loan—no matter how personal or professional—needs clarity, structure, and protection.
Too many people lend money on a handshake, trusting that repayment will “just work out.” But when expectations aren’t in writing, even the strongest relationships or most promising business arrangements can end in tension, confusion, or financial loss. This Loan Agreement was created to prevent that from happening. It provides a clear, attorney-informed framework that protects both lender and borrower while making repayment terms easy to understand and enforce.
What Makes It Different
• Designed to support personal loans, business loans, and secured loans with straightforward legal language
• Fully customizable in Word — tailor repayment terms, collateral, and timelines
• Instant lifetime access, so you can reuse it for multiple loan arrangements
• Comprehensive without being overwhelming — everything essential, nothing unnecessary
What’s Inside
• Loan amount, repayment schedule, and disbursement details
• Interest rate, total repayment amount, and payment structure
• Optional collateral terms to secure the loan
• Late fees, default consequences, and legal remedies
• Early repayment and prepayment options
• Rights and obligations of both parties, clearly defined
Why You Need It
• Prevents disputes by putting repayment terms in writing
• Protects lenders from non-payment or unclear expectations
• Gives borrowers a clear, structured plan for repayment
• Ensures accountability with legally enforceable terms
• Works for personal, family, business, or collateral-backed loans
Use It For
• Personal loans between friends or family
• Business loans to partners, employees, or outside borrowers
• Secured loans backed by property, vehicles, or other assets
• Short-term or long-term repayment plans
• Any situation where money is being lent and clarity is essential
How It Works
• Download instantly
• Open in Word and add your loan details
• Print, sign, or send digitally for execution
• Reuse anytime with updated terms
A simple, protective way to ensure every loan is handled with clarity, professionalism, and legal confidence.
Legal Disclaimer
These templates are for educational and informational purposes only and do not constitute legal advice. OVIDIA. is not a law firm, and purchasing or using these templates does not create an attorney–client relationship. Customize each document as needed, and consult a licensed attorney in your state for guidance on your specific situation.
