Personal Loan Agreement

A simple loan agreement between individuals documenting the amount, repayment schedule, interest (if any) and what happens on default.

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Free for personal and business use. No signup, no watermark.

What's inside

A proper introduction identifying both parties
Numbered clauses written in plain, adaptable language
Clear placeholders for amounts, dates and jurisdiction
Signature blocks for all parties

What this template covers

This template is structured as 8 numbered clauses: Loan Amount, Interest, Repayment, Early Repayment, Default, Costs, Entire Agreement and Governing Law. Each clause is written in plain language with placeholders for the details specific to your situation — names, amounts, dates and jurisdiction — and the document ends with signature blocks for the lender and borrower.

N^o 035 · Last updated June 2026 · A4 · Microsoft Word, Google Docs & LibreOffice compatible

How to use this template

Download the Word version above and open it in Microsoft Word, Google Docs or LibreOffice.
Fill in the placeholders. Anything in square brackets — [Client Name], [Date], [Amount] — is a marker showing exactly what goes there. Type your details over them.
Adjust to fit. Add or remove rows, sections or paragraphs; the formatting will hold.
Save or print. Export to PDF from your editor when you need a fixed, shareable copy.

This template is a general example provided for convenience. It is not legal, financial or professional advice — for agreements and formal documents, consider having a qualified professional review your final version for your jurisdiction.

Frequently asked questions

Is this Personal Loan Agreement legally binding?

It can be once completed and signed by all parties, but contract law differs between countries. This template gives you a sound, conventional structure — for significant agreements, have a lawyer in your jurisdiction review the final wording before signing.

Can I add or remove clauses?

Yes. The clauses are ordinary numbered paragraphs in the Word file — delete what doesn't apply, add what's missing, and the numbering and formatting will hold.

Is the Personal Loan Agreement really free?

Yes — free for personal and business use, with no signup and no watermark. You may not resell or republish the template itself, but documents you create with it are entirely yours.

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Personal Loan Agreement

What's inside

What this template covers

How to use this template

Frequently asked questions

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