Loan Agreement Between Individuals

This loan agreement template is intended for individuals who wish to formally document a private loan between two parties. It can be used when lending money to a family member, relative, friend or another individual.

The agreement allows the parties to establish the loan amount, disbursement arrangements, repayment terms and applicable interest. It provides the option to choose either an interest-free loan or an interest-bearing loan, with interest calculated as a fixed percentage of the original principal amount.

The document also covers early repayment, late payment interest and the repayment schedule attached as Annex 1. The schedule can be completed for a single repayment or multiple instalments, depending on the arrangement agreed between the parties.

The fields to be completed are marked with [ ]. Enter the required information in each field; the placeholder text and brackets will disappear once replaced.

1. Enter the agreement number, date and place of execution.

2. Provide the personal details and contact information of the Lender and the Borrower.

3. Enter the loan amount, disbursement details and applicable interest terms. Select one of the interest options provided in the Agreement.

4. Complete Annex 1 – Loan Repayment Schedule by entering the payment dates and amounts.

5. Review the completed Agreement and Repayment Schedule, fill in the Parties’ details and sign the documents.

Only the designated fields, the Parties’ details and the Repayment Schedule need to be completed manually.