Loan Agreement

A simple loan agreement between two parties covering amount, interest, tenure, repayment and default.

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Details

Lender

Borrower

Loan amount (₹)

Interest (% p.a.)

Tenure

Repayment

Security (if any)

Date

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Preview

Drafting aid. A general template. Stamp duty applies to loan agreements and varies by state; TDS on interest (s.194A) may apply for non-individual lenders, and acceptance/repayment of loans above ₹20,000 in cash is restricted (s.269SS/269T). Have it reviewed and stamped.