Create Your Loan Agreement (Lender to Borrower) For Free
Whenever you are loaning a significant amount of money, it’s a great idea to put it in writing. A Loan Agreement is especially essential if you’re loaning to someone you are not familiar with, as it can prevent misunderstandings and disagreements by clearly setting down the terms of the loan and repayment. Having the details of the sum, the interest, and other important provisions in a Loan Agreement ensures that everyone keeps up their end of the deal.
Use this Loan Agreement (Lender to Borrower) if:
- You are a credit provider (the lender) and wish to loan money to a debtor (the borrower) for personal, domestic or household purposes or for purchasing, refinancing, renovating or improving residential investment property.
What does the Loan Agreement (Lender to Borrower) cover?
- The financial table;
- Fees and charges;
- Account statements;
- Enforcement expenses;
- Variations and waivers; and
- The relevant information statement and other statutory notices.
Other names for Loan Agreement (Lender to Borrower) include:
- Loan Contract; and
- Money Lending Agreement.
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