Loan Agreement Template
A comprehensive template for documenting loan agreements between lenders and borrowers.
PN
By Penno TeamCreated February 5, 2025
About this template
This Loan Agreement template provides a comprehensive structure for documenting the terms of a loan between a lender and a borrower. It includes sections for loan amount, interest rate, repayment terms, late payment penalties, and governing law. Best practices include ensuring clarity in terms, using plain language, and having both parties sign the agreement. This template is useful for personal loans, business loans, and any situation where formal loan documentation is required.
How to use this template
1
Click "Start with this template"
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2
Customize the content
Edit the template using Penno's AI-powered editor. Replace placeholder text, add your own content, and adjust formatting to match your needs.
3
Collaborate with your team
Share the document with team members, invite collaborators, and work together in real-time. All changes are saved automatically.
4
Export or share
When you're done, export your document in various formats (PDF, DOCX, HTML) or share it directly with others.
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