When it comes to legal forms and templates, the loan agreement template is valuable. Whether you are the person borrowing money or the lender, a contract is a necessity. Get instant access to hundreds of business forms, templates, and contracts online today. Find documents for almost every kind of business such as purchase orders, partnership agreements, loan agreements, applications, and bill of sale. Promissory NotePromissory Note is similar to a Loan Agreement. However, it is a simpler form and doesn't usually include as many provisions as a Loan Agreement. Save time and money, use Legal Zebra! Interest rates for personal loans are usually between ten and thirty percent. If you want to use the loan as a money-making opportunity, you should charge interest. I am lending money to my son to help him buy a house. I want to make sure he pays it back.