Personal Loan Agreement Template
Promissory-note style personal loan between two parties. Principal, interest, schedule.
Use this free personal loan agreement template to create, fill in and sign a personal loan agreement online. Send to the other party for a legally binding signature — tamper-evident audit trail included.
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How to use the Personal Loan Agreement template
- Open the template — Open the Personal Loan Agreement template — the fields are laid out and ready, so you don't start from a blank page.
- Fill in your details — Type in the names, dates and terms. Adjust any wording to fit your situation; the layout updates as you go.
- Send for signature — Add the other party's email and send it for a legally binding e-signature, with a tamper-evident audit trail.
Template preview
PERSONAL LOAN AGREEMENT
This Loan Agreement is entered into on [date] between [lender] ("Lender") and [borrower] ("Borrower").
1. Principal & Disbursement
Lender agrees to loan [principal amount] to Borrower, disbursed on [disbursement date] via [disbursement method].
2. Interest
The loan accrues simple interest at [interest rate] per annum.
3. Repayment
Borrower will repay the loan in [repayment instalments] instalments of [instalment amount] each, due on the [due day] of each [instalment period], starting [first payment date] and ending [final payment date].
4. Prepayment
Borrower may prepay the loan in whole or part at any time without penalty.
5. Default
If Borrower fails to make a scheduled payment within [grace days] days of its due date, the entire outstanding balance becomes immediately due. Lender may also charge a late fee of [late fee] per missed payment.
6. Governing Law
This Agreement is governed by the laws of [jurisdiction].
Frequently asked questions
Is this Personal Loan Agreement template free?
Yes. You can open, fill in and try the personal loan agreement template for free — no account needed to start.
Is a signed personal loan agreement legally binding?
Yes. Signatures made with PDF Verified comply with the US ESIGN Act, eIDAS (EU), UETA and equivalent e-signature laws in 190+ countries, and every signed document carries a tamper-evident SHA-256 seal and audit trail.
Can I edit the Personal Loan Agreement template?
Yes. The template is a starting point — change any text, add or remove fields, and place signature, date or stamp fields wherever you need them.
Do I need an account?
You can start filling it in right away. An account is only needed to send for signature, save, or download the sealed copy.