Best Loan Agreement Sample is available for download free on this page. One of the important documents that a borrower and the lender have to sing in a promissory note is nothing but the Loan Agreement. This loan agreement is a legal kind of a thing and all the terms both while handing over and taking over are written in clear and easily understandable language so that there is no difference of opinion at a later stage. Only after a mutually convenient understanding is made, this loan agreement will be prepared.
Few important features that are part of the loan agreement are that, it should mention the full name and address of both the parties. How much is the amount that has been given to him as loan, what is the rate of interest for the amount bought and what is the repayment period and above all, h much is the rate of interest.
Here is a preview of this loan agreement template.
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