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Loan Agreement (No Interest)

Loan Agreement (No Interest)

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4.7 (29)
Under 5 minutes
Under 5 minutes
Last updated December 2018
Last updated February 18, 2020
Suitable for all Australian states and territories
Suitable for all Australian states and territories

This variation of a Loan Agreement document is a document you can use when you are borrowing money from a Lender and do not wish to pay interest. Customisable and ready for use in under 10 minutes.

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Document Overview

Whenever you are borrowing a significant amount of money, it is a great idea to put it in writing. A Loan Agreement is especially essential if you are borrowing money from someone you are not familiar with. It can prevent misunderstandings and disagreements by clearly setting down the terms of the loan and repayment.

Use this No Interest Loan Agreement if:

You are a debtor (the borrower) and you wish to loan money from an interest free credit provider (the lender) for personal, domestic or household purposes or for purchasing, refinancing, renovating or improving residential investment property.

What does the No Interest Loan Agreement cover?

  • The financial table;
  • Repayments;
  • Fees and charges;
  • Account statements;
  • Enforcement expenses;
  • Variations and waivers; and
  • The relevant information statement and other statutory notices.

Other names for No Interest Loan Agreement include:

  • Loan contract (interest free)
  • Money borrowing agreement

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