A loan agreement is a contract under which a lender agrees to lend a certain amount of money to a borrower. It sets out the terms and conditions of the loan such as the interest rate and the repayment period, and imposes obligations on both parties.
Protect yourself when you intend to lend money or borrow money with this loan agreement. This straightforward loan contract contains everything needed to protect the borrower as well as the lender, ensuring that both comply with the law in the process. It covers repayment details, warranties given by the borrower, obligations and restrictions on the borrower, as well as how to end the loan agreement.