Loan Agreement

This agreement is used if you are assigning a loan to or taking from someone and want to avoid any misunderstanding by laying down the terms and conditions beforehand. Borrowing and lending money involves various rights and liabilities. For the lender, it involves risk. Therefore, it is necessary to enter into this agreement to avoid any future troubles. For borrower, the agreement lays down the details of the sum, the interest and other provisions so the lender cannot change the repayment scheme at his/her will.

To make it legally binding, the agreement should be printed on a non-judicial stamp paper, sealed (if any) and signed by the borrower, the lender and the concerned witnesses. Use this agreement if You wish to take a loan and want to lay down the terms in writing. You wish to lend money to someone and want to let the borrower know the terms in writing.

Create Legal Docs, The Hassle Free Way

Every Legistify Document Gets You Free Storage, Utmost Customisability And The Personalized Help You Need.


Our documents are created and vetted by legal professionals. All you need to do is to answer a few simple questions and your customized document is ready in minutes.


We work with an aim to make legal accessible and affordable. Every document at legistify is priced to be extremely pocket friendly with no compromises on quality.


If you get stuck or confused in any of the steps, we're always here to help. Our team of on-call experts can help you with all your queries.


Every customer is valuable to us. We cater to all your requirements with tremendous passion, dedication and care.

Related Documents

Want To Create Your Own Loan Agreement Draft It Now In Minutes Online Hassle-Free.

Create Now