Personal Loan Agreement Document Template

The borrower is held in accordance with the signed agreement, with all the penalties or sentences pronounced against him if the funds are not fully repaid. Unlike commercial or auto loans, whose terms dictate how funds can be spent, personal credit money can be used by the borrower for any purpose. Ensure success by organizing everyone and being on the same page about your event. Download our .docx event suggestion template to get started. As far as legal forms and models are concerned, the draft credit agreement is valuable. Whether you are the person lending money or the lender, a contract is a necessity. Banks might even want to see your tax returns.