39 Best Loan Agreement Templates

1. Clarity of Terms
Ensure the template clearly states loan amount, purpose, repayment schedule, and any fees. Include exact due dates, installment amounts, and currency to avoid ambiguity and disputes.

2. Interest, Fees, and Default Provisions
Specify interest rate, compounding method, fees, and total cost of the loan. Define default triggers, cure periods, remedies, and any collateral or security requirements.

3. Governing Law, Assignment, and Amendments
State the governing law and venue for disputes, and whether the agreement may be assigned or amended with written consent. Include an integration clause to prevent reliance on prior or external statements.