Loan Agreement
More comprehensive than a promissory note — detailed terms, security, and default provisions for family, friends, or business partners.
Why you need one
More than an IOU
A full loan agreement with repayment schedule, security, and remedies — not just an IOU.
Default + acceleration
Clear default triggers, cure periods, and acceleration so the lender has real remedies.
Collateral / security interest
Secured loans get security-interest language and UCC-1 guidance.
Usury-aware
We flag when your interest rate may exceed your state's cap.
How it works
Answer a few questions
Takes about 10 minutes. Progress is saved as you go.
Pay a flat fee
Stripe checkout — cards + Apple Pay + Google Pay accepted.
Our expert team drafts it
State-specific, reviewed by an expert or partner attorney. 2 business days.
Download + sign
Delivered to your /account dashboard. Sign digitally or print + notarize.
What's in your document
- Loan amount + interest
- Repayment schedule
- Collateral / security interest
- Default + acceleration + remedies
- Prepayment penalty
- Entire agreement + assignment
Make it legal — after you receive it
Both parties sign
Lender and borrower sign. E-signature is fine.
Disbursements per agreement
Fund the loan on the schedule the agreement spells out.
Record security (if secured)
If secured, record any UCC-1 where applicable.
Pairs well with
This is not legal advice. We draft legal documents and our team includes licensed experts who review each one, but we are not your law firm and nothing we deliver constitutes legal advice for your specific matter. Read our full disclaimer.
Competitor pricing checked against Rocket Lawyer and LegalZoom public pricing; excludes fees and may change. See our price sources for capture dates.
- State-specific — every state's format supported
- Delivered to your /account dashboard within 2 business days
- CPA + attorney review before delivery
- Free amendments for 30 days