Make your Free
Payment Agreement

  • Answer simple questions to make your document
  • Sign & share your document online
  • Save progress and finish on any device; download & print at home

How it works

  • Build your
  • Save, print
    & share
  • Sign it &
    Make it legal
Sample Payment Agreement Form Template
How it Works
Build your Document
Save, Print & Share
Sign it & make it legal


rocket lawyer 5 star rating

Kasia M.

"Rocket Lawyer is a helpful tool for professionals who need legal documents at an affordable price."

Payment Agreement basics

A Payment Agreement is an outline of the important terms and conditions of a loan. Payment periods, amounts, and interest rates can all be critical to the loan agreement and it's probably best to document all those elements in writing. If you're borrowing or lending money, a Payment Agreement serves as your detailed receipt of the loan.

Use the Payment Agreement document if:

  • You plan to borrow money.
  • You're thinking about lending money.
  • Wish to prepare an amortization table.
  • You want to figure out and document monthly payments and interest.

Whenever money is being loaned, a Payment Agreement is a good first step. Loans can contain a lot of information, but there's no reason why they can't be simple. Having all the details organized in one place can help avoid confusion and future complications. Agreements can fall apart, so when your money is involved you should take care to ensure you're protected. Whether you're the borrower or the lender, having everything clearly documented in writing can give you the extra assurance you need. Getting a Payment Agreement drafted is a great foundation for a smooth loan.

Other names for this document: Loan payment Agreement, Payment Plan Agreement, Installment Agreement

Read {{ showMore ? 'Less' : 'More' }}

Sample Payment Agreement

More than just a template, our step-by-step interview process makes it easy to create a Payment Agreement.

Save, sign, print, and download your document when you are done.

Get legal advice

From Rocket Lawyer On Call® attorneys.

Characters remaining: 600

Ready to make your Free Payment Agreement?

Your document is free within your one week membership trial.

Meet ALL your legal needs with a Rocket Lawyer membership.
Document Defense®
Have an attorney ready to defend your document
Document Review
Review up to 6 documents a year with an attorney
Ask a Lawyer
Get 2 Q&A sessions with an attorney every month
1-on-1 Legal Advice
Enjoy 30-minute consultations  on each new legal matter
Exclusive Discounts
Save on additional legal services from our nationwide network of lawyers
Unlimited Documents
Access hundreds of legal documents, plus extra features like electronic signatures