You can open the Small Loan Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Small Loan Agreement Template Printable | Editable FormSample
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
This document serves to formalize the small loan agreement made on [Loan Date], outlining the terms and conditions of the loan provided to the Borrower.
The Lender agrees to lend the Borrower the sum of [Loan Amount] under the terms specified herein.
The loan will be utilized for the following purpose: [Specify purpose of loan].
The Borrower agrees to pay the Lender interest on the outstanding balance at a rate of [Interest Rate] per annum.
The Borrower agrees to repay the loan amount and accrued interest in [Number of Payments] equal installments of [Payment Amount] each, due on the [Due Date].
In the event of a late payment, the Borrower agrees to pay a late fee of [Late Fee Amount] for each missed payment beyond the grace period of [Grace Period Duration].
The Borrower may prepay the loan without penalty; any advanced payments will reduce the outstanding principal balance.
If the Borrower defaults on any payment, the Lender has the right to demand the full repayment of the outstanding loan amount and accrued interest immediately.
This agreement will be governed by the laws of [Jurisdiction].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
This Small Loan Agreement is entered into on [Loan Date] and details the responsibilities and obligations of both parties regarding the loan amount provided.
The total loan amount agreed upon is [Loan Amount], to be disbursed to the Borrower upon signing this agreement.
The Borrower intends to use the loan for [Specify Intended Use].
The loan will accrue interest at an annual rate of [Interest Rate], calculated monthly.
Repayment of the principal along with interest shall occur in [Number of Payments] installments of [Payment Amount] each, commencing on [First Payment Date].
Should any payment be missed, a penalty fee of [Penalty Fee Amount] will be charged to the Borrower.
The Lender reserves the right to demand immediate repayment of the loan in case of default or failure to adhere to the repayment schedule.
If any provision of this agreement is found to be invalid or unenforceable, the remaining provisions will remain in effect.
This agreement is subject to the laws of [Jurisdiction].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Form
Please complete the form below to create the Small Loan Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Small Loan Agreement Template 1. Lender Information 2. Borrower Information 3. Loan Details 4. Purpose of the Loan 5. Repayment Terms 6. Late Payment Clause 7. Prepayment Terms 8. Default Terms 9. Signatures and Acceptance 10. Declaration and Signatures
PDF
WORD
Small Loan Agreement Template Printable | Editable FormPrintable
