Personal Loan Contract

Personal Loan Contract

This contract (“Contract”) is an agreement between {Name}, henceforth known as “Borrower,” and {Name}, henceforth known as “Lender.”

Borrower wishes to borrow {amount in dollars}, known as “Loan,” from Lender. Loan will be furnished to Borrower on {Date}.

Conditions for this Loan are as follows:

• Borrower will begin repayment of Loan on {Date repayment will begin}.

• The repayment plan {details of the repayment plan, including any installments, interest, and how payments will be made to Lender}.

• The final date for repayment will be {Date}.

• Failure to repay the Loan within {number of days} of {Date} will result in the matter {being turned over to collection, addressed in court, etc.}.

Borrower and Lender agree to the conditions above, and sign to that effect in the presence of a notary public on the {date} day of {month}, {year}.

___________________________                   ___________________________

Borrower Name                                                    Lender Name

___________________________                   ___________________________

Borrower Signature                                             Lender Signature

Notary Signature and seal: