The Personal Loan Agreement is a ready-to-use finance & investment template you can send for signature in minutes. It is written for 2 signers (lender and borrower) and, by default, expires 30 days after it is sent if left unsigned. It covers two signers, agreement. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Personal Loan Agreement **Date:** ___________ This Loan Agreement ("Agreement") is entered into by and between: **Lender:** ___________ ("Lender") **Address:** ___________ **Borrower:** ___________ ("Borrower") **Address:** ___________ ## 1. Loan Amount The Lender agrees to loan to the Borrower the sum of **$___________** (the "Loan Amount" or "Principal"). **Disbursement Date:** ___________ **Disbursement Method:** ___________ ## 2. Interest **Interest Rate:** ___________ Interest shall be calculated on the outstanding principal balance using the ___________. **IMPORTANT:** The interest rate shall not exceed the maximum rate permitted by the laws of the governing state (usury laws). If the stated rate exceeds the legal maximum, the rate shall automatically be reduced to the maximum permissible rate and any excess interest collected shall be applied to reduce the outstanding principal balance. ## 3. Repayment Terms **Repayment Schedule:** ___________ **Monthly Payment Amount:** $___________ **First Payment Due Date:** ___________ **Maturity Date (all amounts due):** ___________