Name: Loan Agreement
SKU: 19925
Availability: InStock

Step 1 of 11 - Get Started

Get Started
We have our own Legal team who will prepare the Loan Agreement. We have made it very simple and easy. All you need to do is, filling out this step by step form, pay and submit. Our specialist will review your submitted information, will contact you if anything is missing
1.1 What is this loan for?
- Personal Lending
- Real Estate
- Business
- vehicle
- Other
1.2 Please Select Your province:
Built for Alberta
Different provinces have different rules and regulations. Your Loan Agreement will be customized for Alberta
Built for British Columbia
Different provinces have different rules and regulations. Your Loan Agreement will be customized for British Columbia.
Built for Manitoba
Different provinces have different rules and regulations. Your Loan Agreement will be customized for Manitoba
Built for New Brunswick
Different provinces have different rules and regulations. Your Loan Agreement will be customized for New Brunswick.
Built for Newfoundland and Labrador
Different provinces have different rules and regulations. Your Loan Agreement will be customized for Newfoundland and Labrador.
Built for the Northwest Territories
Different provinces/territories have different rules and regulations. Your Loan Agreement will be customized for the Northwest Territories.
Built for Nova Scotia
Different provinces have different rules and regulations. Your Loan Agreement will be customized for Nova Scotia.
Built for Nunavut
Different provinces/territories have different rules and regulations. Your Loan Agreement will be customized for Nunavut.
Built for Ontario
Different provinces have different rules and regulations. Your Loan Agreement will be customized for Ontario.
Built for Prince Edward Island
Different provinces have different rules and regulations. Your Loan Agreement will be customized for Prince Edward Island.
Built for Quebec
Different provinces have different rules and regulations. Your Loan Agreement will be customized for Quebec.
Built for Saskatchewan
Different provinces have different rules and regulations. Your Loan Agreement will be customized for Saskatchewan.
Built for the Yukon Territory
Different provinces/territories have different rules and regulations. Your Loan Agreement will be customized for the Yukon Territory.

Guidelines
Which province should I choose?
- The laws of the province you select will be used to enforce this Agreement and will be used to help resolve any disputes.
- Often the Parties select the jurisdiction where the Lender resides. If the Loan Agreement relates to the purchase of certain assets, then the Parties may use the location of those assets.

Primary Lender Details
Type of lender:
Full Name
Address
Street Address City State / Province / Region ZIP / Postal Code Country
2.1 Do you want to add another lender?
Second lender
Type of lender:
Full Name
Address
Street Address City State / Province / Region ZIP / Postal Code Country
2.2 Do you want to add another lender?
Third lender
Type of lender:
Full Name
Address
Street Address City State / Province / Region ZIP / Postal Code Country
2.3 Do you want to add another lender?
Fourth lender
Type of lender:
Full Name
Address
Street Address City State / Province / Region ZIP / Postal Code Country
2.4 Do you want to add another lender?
Fifth lender
Type of lender:
Full Name
Address
Street Address City State / Province / Region ZIP / Postal Code Country

Primary Borrower Details
Type of borrower:
Full Name
Address
Street Address City State / Province / Region ZIP / Postal Code Country
3.1 Do you want to add another Borrower?
Second Borrower
Type of borrower:
Full Name
Address
Street Address City State / Province / Region ZIP / Postal Code Country
3.2 Do you want to add another Borrower?
Third Borrower
Type of borrower:
Full Name
Address
Street Address City State / Province / Region ZIP / Postal Code Country
3.3 Do you want to add another Borrower?
Fourth Borrower
Type of borrower:
Full Name
Address
Street Address City State / Province / Region ZIP / Postal Code Country
3.4 Do you want to add another Borrower?
Fifth Borrower
Type of borrower:
Full Name
Address
Street Address City State / Province / Region ZIP / Postal Code Country

Loan Amount
4.1 How much is being loaned?
4.2 Will interest be charged?
The interest will be in compounded yearly %:
Loan Date
4.3 When will the first lender and the second lender loan the money?
Date Format: MM slash DD slash YYYY

Guidelines
What is compound interest?
Simple interest is calculated based only on the original loan amount. In contrast, compound interest is calculated based on both the original loan amount as well as the accumulated interest from previous periods.

Repayment
5.1 How will the money be repaid?
Repayment Details
5.2 When will the money need to be repaid?
After notice is provided, how many days the borrower has to repay.
Repayment date:
Date Format: MM slash DD slash YYYY
Repayment Details
5.2. Will all payments be an equal amount?
5.3 Will the payments go toward both the interest and original loan amount?

Guidelines
How does notice to repay work?
- Once the lender gives notice to repay, the borrower must repay the loan within the specified number of days. This is also known as a demand Loan Agreement.
- If you are a borrower, you should give thought as to whether you will be able to repay the entire loan amount when the lender makes this demand. This form of arrangement may not be suitable for everyone.
Why have a larger final payment?
- Having a larger final payment allows the borrower to make smaller monthly payments during the term of the loan.
- Before choosing this option as a lender, you may wish to consider the borrower's ability to make a large final payment.

Payment
6.1 How often will the borrower make payments?
6.1.1 First payment to happen:
6.1.2 First payment to happen:
6.1.3 First payment to happen:
Payments will begin on 10/15/2025 and on same day of month of each following year.
Day for weekly payment:
What is the day of the monthly payment?
What is the date of the first payment?
Date Format: MM slash DD slash YYYY
When will the loan be repaid?
Date Format: MM slash DD slash YYYY

Collateral
7.1 Will the Loan Agreement be secured by collateral?
Describe the property being used as collateral:
7.2 Is the borrower purchasing the collateral from the lender?
Will the first lender and the second lender retain title of ownership until the loan is repaid in full?

Guidelines
When should collateral be used?
- Collateral is an asset or property offered by the borrower to secure repayment of a loan.
- Securing the Loan Agreement with collateral allows the lender to receive compensation if the borrower fails to make payments. It's most useful when there is a high risk the borrower will default or there is a substantial amount being loaned.
- If the loan is not secured with collateral, the lender will need to go to court before seizing any of the borrower's assets.
Can I use real estate or land as collateral?
No, you should not use real estate or land as collateral. This Loan Agreement will not give the lender a valid security interest in the real estate or land.
How the first lender and the second lender retain title of ownership ?
- Title of ownership refers to the legal ownership and possession of a piece of property.
- If the loan is a financial risk, the lender may wish to retain title of ownership until the borrower has made their final payment. If the lender chooses to transfer title of ownership right away, they will retain a security interest in the property until it's paid off in full.
Ho to Be as specific in your description?
Be as specific as possible in your description. If applicable, include the year, make, model, serial number, VIN or other similar details about the property.

Late Payments
8.1 Will the interest rate increase if the borrower fails to make a payment?
The interest rate will increase in % compounded yearly.

Guidelines
What is compound interest?
Interest compounding is when the interest is calculated and then added to the original amount. The total amount of interest paid will increase the more interest is compounded.

Additional Information
9.1 Would you like to include additional information?
Extra Clause
e.g. If the Borrower repays the loan early, they will be charged a fee equivalent to the previous two months' interest.
9.2 Do you want to add another clause?
Extra Clause
e.g. If the Borrower repays the loan early, they will be charged a fee equivalent to the previous two months' interest.
9.3 Do you want to add another clause?
Extra Clause
e.g. If the Borrower repays the loan early, they will be charged a fee equivalent to the previous two months' interest.

Guidelines
How should I write my clause?
- To reduce the chance of confusion, use plain language and do not abbreviate words.
- Write in complete sentences and keep your clause to a paragraph or less.
- Do not address or contract a term that has already been answered in the questionnaire.

Signing Details
10.1 When will the document be signed?
Date
Date Format: MM slash DD slash YYYY
10.2 Will there be a signing witness?
10.3 Who will verify the signature?
Province where borrower is signing:
Total Payment:
Price: $ 299.00 CAD

Guidelines
When should I use a witness?
While a witness is rarely required by law, it is a good idea to use a witness as having the signature(s) verified strengthens the evidence of a binding agreement, should a dispute arise. As well, if you are using the Loan Agreement for an uncommon purpose, it's a good idea to check the witness requirements of your jurisdiction.

Final Check: Please Review Carefully
{all_fields}

Step 1 of 11 - Get Started

Get Started

Guidelines

Primary Lender Details

Second lender

Third lender

Fourth lender

Fifth lender

Primary Borrower Details

Second Borrower

Third Borrower

Fourth Borrower

Fifth Borrower

Loan Amount

Loan Date

Guidelines

Repayment

Repayment Details

Repayment Details

Guidelines

Payment

Collateral

Guidelines

Late Payments

Guidelines

Additional Information

Guidelines

Signing Details

Guidelines

Final Check: Please Review Carefully