Personal Loan Agreement Template
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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.
What PDF Verified is, and what it is not
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