Personal Loan Agreement

A personal loan agreement is a document which lays down the various terms and conditions of the points of mutual understanding when a person is granted a loan for personal use. These loans can be for any purchase of commodity or service and the exact reason for the loan may not always be disclosed.

Sample Personal Loan Agreement:

This agreement has been entered into as on 18th Jan 2011.

The agreement is a personal loan agreement which has been made by and between the parties with the following titles and details:

Details of the CLIENT

Name: Mr. Fredrick West

Address: 45-p, third floor, Jack tower, London

Contact number: 438984094878

Details of the BANK

Name: London national bank

Address of bank: S-67, martin’s building, London

Name of bank officer: Mr. Paul  Brown

Contact number: 473948948340

Details of personal loan:

Amount: $17000

Termination date of agreement: 18th Jan 2013

Period of agreement: 2 years

Terms and conditions to be followed by both parties:

  • The BANK agrees to grant a personal loan to the CLIENT on the basis of certain document presented as proof of validity.
  • The CLIENT must pay back the amount with interest within 2 years to avoid any kind of legal actions.
  • The BANK must be informed about the usage of the loan only if the CLIENT agrees to disclose it.
  • The CLIENT must only use the loan amount for personal usage and not for any kind of business venture.

Hereby both the parties agree to the agreement terms:

Fredrick West

Paul Brown


Loan Contracts

Category: Loan Agreements

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