Put loan terms in writing - clearly. These Loan Agreement templates explain principal, interest, repayment, collateral, late fees, and what happens on default. Each file is a Word (.docx) download with a clean cover page. Use them for personal, business, secured, or unsecured loans. Choose a template below and protect both sides with clear schedules and realistic remedies.
Repayment schedules, interest calculation, security interests, covenants, guaranties, and default consequences.
Personal loans among family/friends, business working capital, equipment financing, or short-term bridge loans.
Repayment & prepayment
Interest rate/APR clarity
Collateral & perfection
Covenants and reporting
Events of default & remedies
Not always. Collateral lowers lender risk and rate.
Add a prepayment clause to make it explicit.
State grace periods, late fees, and acceleration.
Helpful when borrower credit is thin.
Choose based on risk tolerance and market conditions.
