Common Contracts
1 similar Personal Loan Agreement contracts
Loan agreement document pdfPersonal Loan Agreement • May 15th, 2023
A simple (1-page) loan agreement is a written contract formed between a party that lends money to a receiving party. The purpose of the document is to set the legally binding terms that will remain in place until the loan is paid off, such as the payment schedule the borrower will be required to follow. All of the document’s contents fit on a single page, reducing its complexity while still maintaining the necessary terms and conditions to effectively bind the parties. Borrower Name: [BORROWER NAME] Borrower Address: [BORROWER ADDRESS] Lender Name: [LENDER NAME] Lender Address: [LENDER ADDRESS] Loan Amount: $[AMOUNT] Date: [MM/DD/YYYY] PAYMENT. This agreement (the “Note”) shall be due and payable, including the principal and any accrued interest, by (check one): ☐ – Regular payments of $[PAYMENT] beginning on [MM/DD/YYYY] and to continue every [#] day of the month until the balance is paid, ending on [MM/DD/YYYY].
