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Personal Loan Agreement

Document a loan between individuals with repayment terms and interest.

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Lender Name*

Borrower Name*

Loan Amount ($)

Annual Interest Rate (%)

Term (months)

Monthly Payment ($)

Start Date

Payment Due Day

Default / Late Terms

PERSONAL LOAN AGREEMENT

This Loan Agreement is entered into on 2026-10-17 between _________ ("Lender") and _________ ("Borrower").

Lender shall loan to Borrower the principal sum of $1000, with simple interest at 5% per annum.

Borrower shall repay the loan in 12 monthly installments of $_________, due on the 1 of each month, beginning 2026-10-17.

Borrower may prepay the loan, in whole or in part, at any time without penalty.

Payments more than 10 days late incur a $25 fee. Default after 60 days entitles the Lender to demand full repayment.

Lender: _________

Borrower: _________