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Personal Loan Agreement
Free personal loan agreement template for lending money to a friend or family member, in writing.
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This free personal loan agreement covers 1. Loan, 2. Repayment, 3. Interest, 4. Late Payments, 5. Early Repayment with 6 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.
Personal Loan Agreement
Lender: [Name] Borrower: [Name] Date: [Date] Loan Amount: [Amount]
1. Loan
Lender agrees to loan Borrower [Amount] on [Date].
2. Repayment
Borrower will repay the loan as follows: [Choose one: "in full by [Date]" or "in [Number] monthly installments of [Amount], starting [Date]"].
3. Interest
[Choose one: "This loan is interest-free, between family/friends." OR "Interest accrues at [Rate]% per year."]
4. Late Payments
If a payment is more than [Number] days late, [describe consequence — e.g. a small late fee, or simply a conversation before anything else].
5. Early Repayment
Borrower may repay some or all of the loan early without penalty.
6. Acknowledgment
Both parties confirm this is the complete agreement between them regarding this loan.
Lender: ______________________ Date: ____________ Borrower: ______________________ Date: ____________
*Putting a personal loan in writing — even between family — protects the relationship as much as the money; it removes the "I don't remember agreeing to that" problem entirely.*
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
- 6 standard sections: 1. Loan, 2. Repayment, 3. Interest, 4. Late Payments, 5. Early Repayment, 6. Acknowledgment
- 6 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 personal loan agreement template really free?
Yes — this Personal 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 personal loan agreement cover?
This finance template includes 1. Loan, 2. Repayment, 3. Interest, 4. Late Payments. 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. This covers the standard structure, not the interest-rate limits, disclosure requirements, or tax implications that can apply depending on your state and the amount involved. Check those specifics with an accountant or financial attorney before you rely on it.
Can I edit the wording?
Yes. All 6 placeholder fields and every clause are editable right on the page — change what doesn't fit, then download an updated PDF anytime.
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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