Personal Loan Agreement is a legal contract between a borrower and a lender. In the loan contract, the borrower promises to pay back a loan to the lender according to a specified repayment schedule. A loan contract protects the lender because it legally enforces the borrower to repay the loan. On the other hand, a loan contract is also useful to a borrower since it spells out the details of the loan records.
Loan Contract Template is a sample of a loan agreement. This agreement is made and signed by the owner and the borrower. This sample loan agreement is a GUIDE only to the sort of agreement that may be made between the owner of a horse and the person agreeing to take it on loan. When amended and completed with your own particulars and signed by both parties it will form a legally binding agreement.