Loan Agreement template
A loan agreement records a lending arrangement between a lender and a borrower, specifying the principal, interest rate, repayment schedule, security, and default remedies.
At a glance
Common fields
- Lender and borrower
- Principal amount
- Interest rate and APR
- Repayment schedule
- Security or collateral
- Events of default
- Governing law
Roles that use this template
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Frequently asked questions
What is a loan agreement?
A loan agreement records a lending arrangement between a lender and a borrower, specifying principal, interest, repayment, security, and default remedies. Consumer loans are heavily regulated and may require QES or wet ink in certain jurisdictions.
What fields does a loan agreement typically include?
Common fields include: Lender and borrower; Principal amount; Interest rate and APR; Repayment schedule; Security or collateral; Events of default; Governing law.
Who signs a loan agreement?
The signatory roles are typically: Lender, Borrower, Guarantor (optional).
Are there compliance considerations for a loan agreement?
Consumer credit is heavily regulated (e.g., US TILA, EU Consumer Credit Directive). Some jurisdictions require QES or wet ink for consumer loans above certain thresholds.
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