Loan Agreement
Sets principal, interest, repayment schedule, and security for a loan.
Finance
Lending
~ 10–20 minutes
Description
Establishes financial terms, covenants, security/collateral, default events, and remedies between lender and borrower.
Details
Use Cases
- Business Loans
- Personal Loans
- Promissory Notes
- Intercompany Loans
Parties
- Lender
- Borrower
Required Signers
- Authorized Signatory (Lender)
- Authorized Signatory (Borrower)
Typical Fields
- Principal & Interest
- Repayment Schedule
- Security/Collateral
- Covenants
- Default & Remedies
Key Clauses
- Prepayment rights/penalties
- Acceleration
- Governing law
Workflow
- Prepare: Draft amortization schedule; add collateral if any.
- Send: Route to both signers.
- Sign: Execute.
- Post-sign: Track repayments; file security docs.
Attachments
- Amortization Schedule
- Security Agreement
- Guaranty
Tags
- Finance
- Lending
Compliance Notes
- Observe usury caps, KYC/AML, and disclosure requirements.
Estimated time
10–20 minutes
Typical roles
R
S
Lender, Borrower
Metadata
Category
Finance
Template ID
loan-agreement