Loan Agreement
Generate loan agreement documents with auto-calculated monthly payments, interest, and repayment schedules.
Parties
Loan Terms
Monthly Payment:-
Total Repayment:-
Total Interest:-
Generate loan agreement documents with auto-calculated monthly payments, interest, and repayment schedules.
Draft personal or business loan agreements instantly with this free browser-based tool. Enter lender and borrower details, define the principal, interest rate, and term, and let the calculator determine monthly payments and total repayment automatically. Generate a clean, printable contract document ready for legal review and signing. All data remains in your browser — nothing is stored or transmitted.
A Loan Agreement is a legally binding contract between a lender and a borrower that outlines the terms and conditions of a financial loan. It specifies the principal amount, interest rate, repayment schedule, and consequences of default. Loan agreements are essential for both personal lending between individuals and formal business financing arrangements. They protect both parties by clearly documenting obligations, repayment expectations, and any collateral pledged as security. Without a written agreement, disputes over loan terms become difficult to resolve and may result in financial loss for either party. A properly structured loan agreement also serves as evidence in legal proceedings should the borrower default on their obligations.
Enter the lender and borrower names in the Parties section. Fill in the principal amount, annual interest rate, loan term in months, and repayment frequency. Optionally specify collateral and governing law. The tool automatically calculates the monthly payment, total repayment amount, and total interest using standard amortization formulas. Click "Generate Document" to render a formatted loan agreement preview with all terms clearly stated. Use "Print" to produce a hard copy for both parties to sign.