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Complete your Agreement in Minutes. Print and Download for Free. Creating a Loan Agreement. Updated January 22, 2018 by LegalTemplates. net Attorney Susan Chai, Esq. Table of Contents. Download a Free Loan Agreement Template. Our simple Loan Agreement sample addresses the following details: Who: The borrower and the lender, or the person taking money and the person giving money What: The amount of money or principal that is being borrowed, and whether interest or a percentage of the principal is also owed When: The date or timetable that the principal and any interest should be repaid back to the lender.
The Definition: What is a Loan Agreement. A Loan Agreement is a written contract between two parties - a lender and a borrower - that can be enforced instant cash advance big rapids mi court if one party does not hold up his or her end of the bargain.