Create & Edit Loans Contracts Forms for free

Besides including the contact information of all parties involved, including the borrower and the lender, a loan contract should include the specifics of the loan. The specifics of the loan will likely include the principal, interest, terms, covenants, guarantees, default terms, and potential legal consequences. PDFSimpli can help you craft a loan contract to ensure you don't miss any vital information.

A loan agreement is similar to a loan contract. Both documents provide detailed information about the loan, due dates, interest rates, and repayment options. However, a loan contract is likely more authoritative than a simple loan agreement. Still, both documents can include legal ramifications if either party neglects their agreed-upon role or obligation.

You can write your own loan contract, but without adequate experience with loan forms, you may leave specific and binding details out of the document. Seeking legal counsel or using document templates to create basic loan forms is advisable. PDFSimpli has an entire library with financial forms and templates that can help you create loan contracts.