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Private Loan Agreement



This Private Loan Agreement can be used to record the terms and conditions of a loan made between individual persons or companies. This loan agreement can be used for a variety of different loan types.

Whether the loan is between friends and family or is a commercial loan between two businesses, this Loan Agreement makes it possible to provide a simple interest-free loan or charge interest, set a repayment schedule, and add guarantors.

As well as a personal loan a business owner  may well ask “why is a Loan Agreement important?” You will almost certainly want to understand the terms and complexities of your business loan agreement so that you or your legal team can negotiate with the lender to get the best possible deal for you.

How to use this document

This document should be read carefully by the parties who are going to sign it. Every party should then sign the Loan Agreement. Individuals should ensure that their signature of the document is witnessed by another adult person (over the age of 18) who is not named in the loan agreement.

Where a company is a party to this agreement they should ensure that the Loan Agreement is signed by two authorised signatories, either two directors or a director and a company secretary. Where a company only has a single director, that person may sign the agreement as the sole director.

Where the Lender has requested that the borrower provide guarantors, those guarantors should also carefully read the entire Loan Agreement and their guarantee obligations, and sign where indicated.

Applicable law

This agreement is subject to the general principles of contract law. It is suitable for individuals and companies who want a simple and straightforward record of their loan obligations it is not suitable for professional lenders such as finance companies and banks that are subject to more stringent consumer protection laws.

If a Lender is a company, and the Loan is being provided to a shareholder of that company, parties should be aware of division 7A of the Income Tax Assessment Act 1936 (Cth) and use an alternative agreement – the Division 7A Loan Agreement.

If in doubt, seek legal advice.

How to modify the template

The document is in Word formats. You can modify all parts of it and reuse it as many times as you like.


Loan Agreement 

Download this Loan Agreement Template for an agreement between a Lender and a Borrower. This template is a formal way of setting out the terms and conditions of the loan.

The Loan Agreement Template includes:-



    • 1.1 Definitions
    • 1.2 Interpretation
    • 2          Loan
    • 3          Interest
    • 4          Repayment
    • 5          Early repayment
    • 6          Guarantor guarantee/indemnity
    • 7          Cost
    • 1. the initial amount being borrowed
    • 2. how it is repaid
    • 3. any interest payable
    • 4. guarantors

    The lender may be a human or a company. The Borrower can be a human or a company.

    It is important that the Borrower fully understands the nature of what they are agreement sets out and the consequences of not repaying can be very serious and may be followed by debt collection


    A loan calculator that enables you to calculate the repayments and a repayment schedule for the loan. Simply enter the loan amount, interest rate, term, commencement date and our loan amortisation will calculate monthly repayment AND give you a schedule of all repayments over the life of the loan including the due dates!

    This Loan Agreement Template is 9 Pages



    Includes GST


    Suitable for Use


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    Loan Agreement Template

    This precedent is a basic loan agreement. Loan transactions can be fairly simple or extremely complex depending on the following:

    • parties to the transaction;
    • nature of the loan;
    • manner of repayment of the loan amount;
    • type of interest payable; and
    • security to be provided.

    The agreement can be customised to take into account the peculiarities of each transaction. It is important to include variables based on the different circumstances of individual borrowers.


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