Looking for secured and well-researched loan agreement templates? We’ve got a list of templates here for you.
Executing a loan transaction is common among countries. Most of the time, it is also the source of disagreements and conflict when it comes to the performance and payment of said loans. To avoid that from happening, you can draw up your own loan agreement.
To help you kick-start with the agreement, you can start scrolling down and check out our list of loan Agreement Template samples that will help you draft a loan agreement that will surely reflect the genuine intention of the contracting parties.
Before the choosing a template, let’s understand first the concept behind a loan. Black Law Dictionary defines a loan as a “contract by which one delivers a sum of money to another, and the latter agrees to return at a future time a sum equivalent to that which he borrowed.” Moreover, objects and things can also be a subject of a loan agreement. Here are some of our featured templates:
In drafting a loan agreement, the template is very important. The substance and structure of one’s agreement depends on how you come up with a template. It is always best to ensure that all the relevant things you’ve agreed upon are illustrated and stated in the templates and sections accordingly in order to avoid misinterpretations and conflict in the near future. In connection to this, you may also check out our Rental Agreement Forms, which can also be a lifesaver for you.
In selecting and checking a loan agreement, key clauses or sections must be taken into account. Here are some of those points based on legal research:
These are just some of the legal clauses to remember, but each loan agreement template differs depending on the subject matter of the loan contract. So always feel free to check out our Loan Agreement templates if they will truly suit your preferences.