Here’s a basic personal loan contract template that you can use:
[Loaner Name]
[Loaner Address]
[City, State ZIP Code]
[Loaner Phone Number]
[Loaner Email]
Personal Loan Contract
Borrower Information:
- Full Name: [Enter Full Name]
- Address: [Enter Address]
- City, State ZIP Code: [Enter City, State ZIP Code]
- Phone Number: [Enter Phone Number]
- Email: [Enter Email]
- Social Security Number: [Enter Social Security Number]
- Date of Birth: [Enter Date of Birth]
Loan Information:
- Loan Amount: [Enter Loan Amount]
- Loan Term: [Enter Loan Term, in months or years]
- Interest Rate: [Enter Interest Rate, as a percentage]
- Payment Frequency: [Enter Payment Frequency, such as monthly or biweekly]
- Payment Amount: [Calculate Payment Amount]
Repayment Terms:
- Repayment Schedule: [Enter Repayment Schedule, including due dates and payment amounts]
- Late Payment Fees: [Specify Late Payment Fees and Penalties]
- Prepayment: [Specify Prepayment Terms and Conditions]
Collateral:
- Collateral: [Enter Collateral Details, if applicable]
I certify that the above information is correct and accurate. By signing below, I acknowledge that I have read and understand the terms of this personal loan contract and agree to abide by them.
[Borrower Signature]
[Date]
[Loaner Signature]
[Date]
Please note that it’s important to consult with a legal professional to ensure that your personal loan contract complies with all applicable laws and regulations and includes all necessary clauses for your specific situation.