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Loan Agreement
A loan agreement is essential when lending money outside the banking system. It defines the principal amount, interest rate (or interest-free nature), repayment schedule and penalties for late payment. Without a written contract, enforcing the debt is significantly more difficult.
These templates are for illustrative purposes only. They are not legal advice — consult a lawyer before signing.
Contract preview
What the agreement covers
- Principal amount and currency
- Interest rate or interest-free clause
- Repayment schedule — amount, frequency, due dates
- Late payment penalties
- Purpose of the loan (if relevant)
- Early repayment and conditions
Frequently asked questions
The lender taxes interest income. For an interest-free loan between natural persons, no tax liability arises, but the tax authority may check whether it conceals a fee.