Loan Agreement

If you’re in the process of arranging a loan, it can be useful to put a loan agreement together, which outlines exactly how much the loan is for, and when it should be paid back. This type of agreement is useful if you’re organising a commercial loan, or even if money is being lent between friends and family. 

The loan agreement outlines certain conditions about the borrower’s obligation to repay the loan, including any repayment schedules, interest, fees and charges, enforcement expenses and waivers.