Simple Loan Agreement

This Simple Loan Agreement is suitable for uncomplicated circumstances where a loan is being made to an individual by another individual, although it may also be used for a loan to a business by another business or individual.

The agreement has the option to apply interest to the loan and if interest is to be charged, it is calculated at a monthly rate of one twelfth of a nominated annual rate. There are no provisions allowing an increase or decrease in payments in accordance with an increase or decrease in a published annual base rate. Repayment of the loan may be either on a monthly basis or on demand.

The document is suitable for us in England, Wales and Scotland and allows you to provide details of:

• borrower
• lender
• amount of loan
• period of loan
• interest rate
• monthly repayments.

The Word Template version of the agreement contains the facility to automatically calculate the monthly interest and capital repayments.

This document is available individually or as part of a Full Annual Subscription - giving you access to all Clickdocs documents, packages and forms for a single annual fee.

You can view a sample document here.

The price for this document is £21.62 (Word Document) or £32.43 (Word Template) including VAT.

How to order

Choose the format of your Simple Loan Agreement: Word Document (.doc) or Word Template (.dot) 

Related Clickdocs documents

• Loan Agreement - standard loan agreement
• Loan Agreement with Guarantee - loan agreement with a 3rd party guaranteeing repayment of the loan
• Loan Agreement with Security - loan agreement with borrower offering security against the loan