15 Free Loan Agreement Templates

Allow me to share with you these 15 Free Loan Agreement Templates in MS Word to help you prepare and print your very own Loan Agreement quickly.

A loan agreement template can be described as a legitimate piece of document which legally set the standers on things thoroughly involved in the procedure of loan. Basically it’s a document which always signed between a person who going to apply for a loan or some company, individual or financial institute that has capacity to allow people to get a certain amount of loan against settled terms and conditions.

A smart loan agreement template will reduce the risks of uncertainties and will build every minor thing in a transparent manner, however few most crucial advantages of loan agreement, such as; 1st global market standers, 2nd consensus between parties, 3rd effective in looks, 4th will cover every single detail about the costs and security of loans and 5th borrower can kept this agreement with him/her for avoiding the misunderstandings.

Importance of Loan Agreements

Nowadays, business needs finance to run efficiently and for finance a businessman need to obtain a commercial loan. There are so many firms and agencies who are offering lowest mark up loans. Usually businessmen get attraction in these qualities and apply for loan application. But they forget to review most important aspect and that is Loan Agreement. We understand that you are engaged in so many task and haven’t any time to go and search for loan agreement details. So, we are presenting our loan agreement template which you can easily download from our site.

Loan Agreement template is full of most common and applicable terms and conditions that will realize you what actually you are going for. Loan agreement template is necessary to review before entering into contract because every contact holds legal protections and thus your compliance to agreement will be inevitable.

Free Loan Agreement Templates

Here are previews and download links for these Free Loan Agreement Templates in MS Word format.


Loan Agreement Templates

Download link for this wonderful Loan Agreement Template 01.

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Loan Agreement Template 02

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We can describe the period of option or option period in two different ways. In finance, the period of option is a specific time frame or duration in which the buyer or owner of options has to make a decision about selling his options and if he doesn’t sell the options before expiration date, on expiration date and after that date, he is legally required to sell the options.

On the other hand, in real estate, period of option is a process in which a potential buyer is given a specific time frame from the seller of a real estate property i.e. house to make up his mind and decide if he still wants to buy the property or not. Usually before this period, the buyer is asked to pay a little fee to the seller in order to stop him or prevent him to make deal with another buyer. It is not possible to extend the date of options in finance so here we will only discuss the period of option from the real estate point of view.

Loan Agreement Template 03

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Loan Agreement Template 04

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Loan Agreement Template 05

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When a buyer of a real estate property wants the seller to extend his period of option or the duration to make up his mind and decide if he wants to buy the property or not, he is legally required to formally make a request with the seller of the property and explain him why the buyer wants to extend the period of time. After hearing and understanding the reasons, it’s up to the seller if he wants to extend the period of option or not. If the seller goes with extending the period of option, the buyer is asked to enter in another contract or agreement with the seller indicating towards the extension of the period of option.

Loan Agreement Template 06

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Loan Agreement Template 07

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Loan Agreement Template 08

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It is quite simple that if the buyer wants the seller to increase the period of option, he has to pay for the additional fee for the extension where on the other hand, if the buyer wants to extend the duration because of actions or intentions of the seller, he is still asked to pay the seller additional fee of option so that if the seller makes deal with someone else, he can be sued in the court.

Loan Agreement Template 09

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Loan Agreement Template 10

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Download link for this wonderful Loan Agreement Template 11.

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Download link for this wonderful Loan Agreement Template 12.

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Download link for this wonderful Loan Agreement Template 13.

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Download link for this wonderful Loan Agreement Template 14.

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Download link for this wonderful Loan Agreement Template 15.

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Key elements to include in the Agreement to Extend Period of Option:

  • Name of the seller of the real estate property with complete address
  • Name of the buyer of the real estate property with complete address
  • Name of the agent or realtor who is involved in the deal between buyer and seller
  • Date on which the agreement is being signed by the seller and buyer
  • Duration or period of option in which the buyer is asked to decide whether he wants to buy the property or not
  • Details of the real estate property that the seller is selling i.e. area, location, type etc.
  • Details of option fee paid by the buyer to the seller
  • Validation of the agreement
  • Signature of the seller, buyer and their realtor

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