A free loan agreement template is a money lending agreement. Sometimes it is a business loan agreement, personal loan agreement, or loan contract. 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. Such agreements are usually prepared for hair salon, beauty parlors and other type of businesses having same nature. The interest rest is payable by the borrower monthly or quarterly, and can either be a fixed percentage or a percentage above the base lending rate of a bank. In case of late payment, another daily interest rate applies, payable from the date of non-payment to the date of actual payment. 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.