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9+ Sample Personal Loan Agreement Templates

Game theory law states that no one’s word is worth anything in the competitive business world. This is why loan agreements and all kinds of customer contracts exist. Aside from being part of the legal requirements, these contracts are also needed for documentation, since commercial lenders will be dealing with a lot of borrowers.

Now suppose you are lending out personal property, perhaps a car, or a serious amount of money from your own pocket (bank account) to someone you know. Do you still need a loan contract? The answer is yes.

How do you go about drafting such an agreement for personal, small-scale loans? The answer is: scroll down and download the Agreement Template you need. It’s free.

Personal Vehicle Loan Agreement Template

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File Format
  • PDF

Size: 192 kB

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Personal Property Loan Agreement Template

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  • PDF

Size: 20 kB

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Personal Money Loan Agreement Template

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  • PDF

Size: 254 kB

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Personal Loan Repayment Agreement Template

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  • PDF

Size: 4 kB

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What Is a Loan Agreement For?

A loan agreement is like any other contract that legally binds two entities (individuals or companies) to a kind of partnership under certain terms and conditions. The loan agreement as a contract will officially grant the lender’s money (or property) to the borrower under the lender’s conditions. The details of this agreement will often include the

  • details of both parties (the lender and the lendee);
  • details of the loan (amount or property description);
  • interest rate, as applicable;
  • repayment agreement (a statement in which the borrower swears to pay a certain amount in installments until the loan is paid off); and
  • consequences for defaulting on the loan or breaching the contract.

Other documents may apply. Once you’ve got your Loan Agreement Template decided, make sure you also have a Payment Plan Agreement Template on hand to make sure you and the borrower agree to a realistic payment arrangement that is beneficial to both of you.

Other Agreement Forms You Will Need

If you are lending to a corporation and the corporation as a whole begins to go bankrupt or defaults on the loan agreement, who do you approach?

The Personal Loan Guarantee Agreement Template (provided) will ensure there is a face behind the agreement. It will assign a representative of the company who will be personally accountable to make sure the loan is paid back.

Personal Business Loan Agreement Template

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  • PDF

Size: 33 kB

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Personal Loan Guarantee Agreement Template

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  • PDF

Size: 136 kB

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Personal Installment Loan Agreement Template

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  • PDF

Size: 25 kB

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Employee Personal Loan Agreement Template

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File Format
  • Doc
  • Docx

Size: 12 kB

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How to Use These Templates

These are multipage PDF samples of fully functional loan agreement templates. What you do with the information in them is up to you. With the help of an attorney, if possible, run through the terms and conditions and make sure they comply with and accommodate for the intricacies of the local law.

The function of each type of loan agreement—whether it is an employee personal loan, personal business loan, personal property loan, or a personal money loan—will be evident in the details of the contract.

If you find that any of them fit your situation to a T, you can go ahead and download them for free and print them out for immediate use.

Bonus Template

Businesses have developed all sorts of systems and forms to navigate the complexities of the civilized world. You can use their tools in your personal small-scale affairs as well. If you want to keep the business details of your transactions between you and your contract partners, a good Confidentiality Agreement Template will help you as much as it helps the big businesses.

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