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

  1. 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.
  2. Fill in your details — Type in the names, dates and terms. Adjust any wording to fit your situation; the layout updates as you go.
  3. 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.

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