The loan agreement template provides a full set of terms and conditions that may be used on issue of a loan to another business or individual. The agreement defines several key aspects including calculated interest rates, duration (term), and the provision to alter the repayments in accordance with interest rates
This agreement can easily be modified to suite any loan amount, APR or term and includes a step by step guide to customising the template. To accompany this agreement we have provided a calculator that uses the compound interest formula to calculate the repayments and amount of interest. Click on the link to the left to load the loan calculator.