Document personal loans and debts with a clear, written agreement. This template covers the loan amount, interest, repayment schedule, and consequences of default.
What's Included
- Borrower and lender names and addresses
- Loan amount and interest rate
- Repayment date
- Governing state
- Payment terms and default provisions
- Acceleration clause
- Signature lines for both parties
- Legal disclaimer
Common Uses
- Lending money to friends or family
- Documenting small business loans
- Personal loans needing a written record
- Any debt agreement requiring clear repayment terms