Create & Download a Free Loan Agreement Easily
A Free loan document is a legal agreement between two people—one who gives the loan (lender) and one who takes the loan (borrower). Whether you are giving money to a friend, family member, or business, having a loan agreement form is important. It keeps everything clear, safe and legally valid.
This page helps you create a personal loan document template in just a few minutes! You can enter the details, download the loan agreement form PDF, and use it as proof of the loan.
What is a Loan?
A loan is when one person gives money to another with the promise that it will be returned. Sometimes, people pay extra money called interest when they return the loan. A loan document makes sure both parties understand the terms.
Loan Document Form – Fill in the Details
📝 Loan Agreement Date: 📅 (mm/dd/yyyy)
👤 Lender (Person Who Gave the Money)
- Title: Mr./Mrs./Ms.
- Full Name
- Father’s/Husband’s Name
- Age & Address
- Mandal & District
👤 Borrower (Person Who Took the Money)
- Title: Mr./Mrs./Ms.
- Full Name
- Father’s/Husband’s Name
- Age & Address
- Mandal & District
💰 Loan Amount Details
- Loan Amount (₹): (Mention the exact amount)
- Amount in Words: (e.g., Fifty Thousand Rupees Only)
- Check Number: (If applicable)
📊 Interest Rate & Repayment Terms
- Interest Rate (Per ₹100): (e.g., 2 per ₹100)
- Repayment Duration: Monthly/Yearly/Flexible
Not sure how much you need to pay? Use our loan agreement form with a built-in calculator!
Types of Loan Agreements
There are different types of loan agreements, including:
✅ Personal Loan Agreement – Used when borrowing money from a friend, family, or employer.
✅ Home Loan Agreement – For buying a house or apartment.
✅ Auto Loan Agreement / Car Loan Agreement – When taking a loan to buy a car or vehicle.
✅ Money Borrowing Agreement – For personal and small business loans.
✅ Money Lending Agreement – Used by lenders or banks.
✅ Promissory Note Format India – A simple loan document stating the borrower promises to pay back the lender.
✅ Friendly Loan Agreement Format – For lending money in an informal but legal way.
How to Lend Money to a Friend Legally in India?
If you are giving money to a friend, it’s important to make a legal loan agreement to avoid future problems. Here’s how:
1️⃣ Use a personal loan document template like the one on this page.
2️⃣ Write down the loan amount, repayment terms and interest rate (if any).
3️⃣ Have witnesses sign the agreement.
4️⃣ Keep a copy of the agreement for both parties.
Loan Agreement Form – Why is it Important?
Having a written loan agreement helps in many ways:
✔️ Avoids misunderstandings – Everything is written clearly.
✔️ Legal proof – In case of any disputes.
✔️ Clear repayment terms – So both the lender and borrower agree.
💡 Want a quick and easy way to create your loan document? Use our loan agreement form PDF, enter the details, and download it instantly!
Create Your Loan Document Now & Download Instantly!
👉 Fill in the details above.
👉 Get your loan agreement ready.
👉 Download it as image.
Make sure your loan is safe, legal and clear with our easy-to-use loan document form! 🚀
Frequently Asked Questions (FAQs)
1. What is a Loan in Simple Words?
A loan is when one person gives money to another, expecting it to be repaid.
2. Can I Lend Money Without Interest?
Yes, you can! Many people use a friendly loan agreement format to lend money without interest.
3. What is a Promissory Note Format in India?
A promissory note is a simple loan document where the borrower promises to repay the lender. It includes the amount, interest rate and repayment date.
4. How Do I Make a Legal Loan Agreement?
- Use our loan agreement form PDF
- Mention the loan amount and interest rate
- Add witnesses
- Get the borrower’s signature
5. How Can I Download My Loan Agreement?
Once you fill out the details, you can download the loan agreement form as an image or PDF.