A personal loan agreement template is a document friends or acquaintances use. 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. Loan agreement may indicate details about loan transaction such as name of both parties, their contact details, specified sum of money as loan, interest rate, duration of the loan and other conditions etc. A detailed written loan agreement can protect you as a money lender because it legally enforces the borrower’s pledge to repay the loan as agreed in the agreement in order to stay away from any legal action. Late-Payment – If the borrower anticipates that they may be late on their payment, they must contact and make arrangements with the lender. Please note: Prior to using these forms, please consult with an attorney or other expert knowledgeable in the laws of the applicable jurisdiction and the specific intended use of those forms. All forms available for download through FormNet are general in nature; are not based on the laws of any specific state or other juridiction but rather general principles of law applicable throughout the United States; and should only be used after first consulting with an attorney or other expert knowledgeable in the laws of the applicable jurisdiction and the specific intended use of those forms.