About this document:

When you are finding yourself in the situation of either needing to borrow money from someone or wanting to lend money to someone then you can enter into an agreement that records the respective responsibilities and expectations of the borrower and the lender and helps to make a plan to protect you both against the unexpected.

This document offers people a focus on the responsibilities that come with borrowing and lending money to one another. It is a plain English and cost-effective way to create a legally binding and enforceable agreement.

Before getting started:

You need to know the names of the parties to this Loan Agreement and the conditions of the Agreement.

Interview time:

This interview should take you approximately 10 minutes.

Document length:

Approximately 10 pages long.

Document type:

Word Document.

This interview will generate a document based on the information provided by you. It does not and is not intended to represent legal advice or the practice of law (even if the information you input is based on suggestions or tips provided by us).

Please note: if you want professional assurance that this template and your interpretation of it is appropriate to your particular situation, we recommend that you consult with a lawyer authorised to practice law in your jurisdiction.