You can download loan agreement template in this site. I found loan agreement template on Microsoft Office (Excel and Word 2010) You can see loan agreement template and Enjoy it. reference by biztree.com
Update : You can see free loan agreement template document in this post
In today’s world borrowing money has become very common; people borrow money to pay for just about anything from cars to houses. To make lending money easier most businesses use a loan agreement template when someone comes in and applies for a loan. While the templates may differ slightly depending on the type of loan being applied for and the particular company who will be supplying the loan the majority of them contain the same basic information along with any provisions required by law.
The basic loan agreement template starts out by listing the name of the lending institute and their address. Following this information should be the borrower’s information and then what the money is to be used for. All pertinent information regarding the loan must be recorded at the time the agreement is entered into in order for it to be legally binding. This information must include the term of the loan and how much each payment will be along with when the payment is due. Anything that is omitted from the agreement cannot be considered legally binding in a court of law.
Along with the information pertaining to the loan itself the loan agreement template will also include information that explains in detail any penalties or discounts that will be applied should the borrower wish to pay off the loan early. If there are to be any late fees to be assessed for late payments the agreement must explain what they are and how they will be applied.
If anything has been used to secure the loan the agreement template must have a space to record the items and the an explanation regarding how the assets used can be sold or transferred without affecting the loan. In the event of a loan default the full conditions of the default must be explained in legal terms. These terms must include any costs that will be borne by borrower and any legal actions that the lender may take to recover their money.
In the event of a co-signer being involved in securing the loan there needs to be a place on the agreement not only to list their information but for them to sign. This states that they acknowledge their responsibilities regarding the debt and makes them legally obligated to repay it if the primary borrower defaults on the loan.
The loan agreement template can be used for any type of loan from commercial loans all the way down to small personal loans such as “payday” loans. While the size and terms of loans may differ, the average agreement still contains the same basic information to help the lender assess whether the borrower has the ability to repay the money he is borrowing and to give the lender legal recourse in the case of default.