A loan agreement records a loan between a lender and a borrower — the principal, the interest, a repayment schedule, any security, and what happens if a payment is missed. Unlike a promissory note, it is bilateral: the lender takes on obligations too, so both parties sign. Download the ready-to-fill template below, or read the field-by-field checklist first, including what varies by jurisdiction.
A complete, ready-to-fill PDF — 10 clauses, blanks for every detail, and a signature block for both parties. Free, no email, no account. Read it and adapt it before you use it; the cover page explains what it can and cannot do for you.
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This document is a general-purpose template provided for information only. It is not legal advice, it does not create a lawyer–client relationship, and nobody has reviewed it against your situation.
Laws differ by country, state and province, and they change. A clause that is standard in one place can be unenforceable — or illegal — in another. Terms that are ordinary between two businesses can be void in a consumer or employment context.
Read every clause before you use it, fill in every blank, and delete anything that does not apply. For anything high-value, unusual, or that you could not afford to lose a dispute over, have a qualified lawyer in your jurisdiction review it before it is signed.
This kind of document is regulated differently almost everywhere. Many places require specific notices, disclosures or statutory wording, and some make clauses like these unenforceable outright. Treat this template as a starting point to take to a local lawyer, not as a document to sign as-is.
Lender & borrower names and addresses
Full legal names and addresses for both parties — this is a bilateral agreement, so both sign, unlike a one-sided promissory note.
Principal amount and disbursement
The exact sum being lent, how it will be paid to the borrower, and by when — the loan does not exist as a document until this is disbursed on the stated terms.
Interest rate and calculation method
The rate, and whether it is simple or compounding — stated as a term the parties set, not a specific cap, because the maximum legal rate varies by jurisdiction (see below).
Repayment schedule
The number of instalments, the amount of each, and when they fall due, plus how prepayment is treated if the borrower wants to pay early.
Late payment terms
A grace period and a late fee, so a single missed date does not by itself decide whether the loan is in default.
Security or collateral, if any
Whether the loan is secured against specific property, and if so what — plus a reminder that granting security and legally perfecting it (filing, registration) are two different steps.
Events of default and remedies
What counts as a default (missed payment, insolvency, breach of a representation) and what the lender can do about it, including accelerating the full balance.
Governing law, jurisdiction and signatures
Which jurisdiction's law controls the agreement and its enforceability, and both parties' dated signatures.
Every loan agreement, everywhere, needs the same skeleton: a principal amount, a disbursement, a repayment schedule, and a plan for what happens if a payment is missed. That structure — reflected in the template above — doesn't change based on where the parties are.
Two things layered on top of that structure do change by jurisdiction, and both can make an otherwise ordinary loan agreement unenforceable if you get them wrong. The first is usury law: the maximum interest rate a lender may charge is set state by state and country by country, often with different limits for consumer loans versus commercial ones, and it changes over time — a rate that's ordinary between two businesses in one place can be illegal to charge an individual borrower in another. This template intentionally states the rate as a term the parties fill in, not as a pre-printed cap, because printing one number would be wrong somewhere.
The second is security. If the loan is secured against collateral, naming that collateral in the agreement creates a security interest between the lender and borrower — but making that interest enforceable against other creditors or a buyer (perfecting it) is a separate legal step, done through a filing or registration system that's specific to the type of collateral and where it's located (a UCC financing statement in the US, a PPSA-style registry in many other common-law countries, or a local land registry for real property). Signing this agreement does not, by itself, complete that step.
Treat this template as the general-purpose record of the loan's terms, and confirm the interest-rate limit and any required security filing with a lawyer or the relevant local registry before you rely on it alone.
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Not legal advice — interest-rate limits and security-filing requirements vary by jurisdiction; check local law or a qualified lawyer before relying on this template alone.