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Loan Agreement
Free general loan agreement template for a business or personal loan, more detailed than a simple promissory note.
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This free loan agreement covers 1. Loan and Purpose, 2. Interest Rate, 3. Repayment Schedule, 4. Collateral (if any), 5. Default with 9 clearly marked [placeholder] fields to fill in — built for small businesses and individuals documenting a loan or expense putting financial terms in writing so both sides have a clear, shared record. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Loan Agreement
Lender: [Name] Borrower: [Name] Date: [Date] Principal Amount: [Amount]
1. Loan and Purpose
Lender agrees to loan Borrower [Amount], to be used for [Purpose, if restricted].
2. Interest Rate
Interest accrues at [Rate]% per year, [simple/compound], calculated on the outstanding balance.
3. Repayment Schedule
| Payment # | Due Date | Amount |
|---|---|---|
| 1 | [Date] | [Amount] |
| 2 | [Date] | [Amount] |
4. Collateral (if any)
[Describe any collateral securing this loan, or state "This loan is unsecured."]
5. Default
Borrower is in default if any payment is more than [Number] days late. Upon default, Lender may declare the full remaining balance due immediately and pursue any remedy available under [State] law.
6. Prepayment
Borrower may repay the loan in full or in part at any time without penalty.
7. Governing Law
This Agreement is governed by the laws of [State/Country].
Lender: ______________________ Date: ____________ Borrower: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. Interest rates above your state's usury limit can make a loan unenforceable or even illegal — check your state's cap before setting the rate, especially for non-bank lenders.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 7 standard sections: 1. Loan and Purpose, 2. Interest Rate, 3. Repayment Schedule, 4. Collateral (if any), 5. Default, 6. Prepayment, …
- 9 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Informal lending & reimbursements
Money changing hands between people or a business and its team, without a bank's paperwork.
FAQ
Is this loan agreement template really free?
Yes — this Loan Agreement template on docstoc is free to view, edit online, and download as a PDF with no account or signup required.
What does this loan agreement cover?
This finance template includes 1. Loan and Purpose, 2. Interest Rate, 3. Repayment Schedule, 4. Collateral (if any). Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. Financial documents like this can touch usury limits, lending disclosure rules, or tax treatment that vary by state and by amount — details a general template can't know. Have an accountant or attorney review the actual terms before money changes hands based on this.
Can I edit the wording?
Yes — edit directly on the page, adjust any section or clause, and re-fill the 9 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.
Where can I find more free templates like this?
Browse more free finance and related document templates in the docstoc library at /document-templates/.
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Templates are drafted for general use, not a substitute for legal advice — check the note on each page for specifics.
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