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💶 Fill out a personal loan agreement – free

🇺🇸 Under U.S. law

Lending money to family or friends – or borrowing some? Put the amount, the payout, any interest and the repayment schedule in writing. Fill out the agreement right in your browser, both sign digitally, done. Free, and fair to both sides – interest, if any, stays subject to your state’s usury limits.

Start filling it out – free ⬇️ Download blank PDF

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In brief: the personal loan agreement

A loan between private individuals is valid in the US without a notary – what matters is written proof of the amount, the payout and the repayment terms. Interest is limited by state usury law.

State usury laws cap interest rates, and the limits differ significantly between states.
On larger interest-free family loans (generally above $10,000), the IRS may impute interest at the applicable federal rate (AFR).
Keep proof of the payout – a bank transfer record or a signed receipt.
How long you can sue over an unpaid written loan is set by each state’s statute of limitations and varies by state.

Last reviewed: July 2026

Done in 3 steps

No printer, no scanner, no “I’ll get to it later”.

Fill in

Every field of the template is presented to you one by one – right in the browser, on your phone too.

Sign

Draw with your finger, scan your real signature from paper or insert your saved one.

Done

Download and send the PDF – or invite the other party to sign via link.

What’s inside

All the important points are prepared – you just fill in the blanks.

Lender and borrower with address
Loan amount in figures and words
Payout date and method
Interest-free, or a rate within your state’s limits
Repayment in full or in installments
Right to early repayment
Field for security and purpose, signatures of both parties

Why fill it out with Tamgara?

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Completely free

No sign-up, no subscription, no watermarks. Template, filling in, signing and download – all free.

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Your file stays on your device

Signing and saving happen in your browser – your PDF file is never uploaded. We do store what you type into form fields, to find errors in our templates.

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A real signature

Draw with your finger or scan your paper signature – it ends up as clean ink in the PDF (ESIGN/UETA: simple electronic signature).

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Let others sign

Invite the other party via link: they sign in the browser, with live status and a signature report.

Ready? Your document is waiting.

Open the template and just start – a few minutes later you’ll have the finished, signed PDF.

Start filling it out – free

📠 Filled in and signed? Send the document straight from your browser as a real fax – worldwide, no fax machine, with a transmission report. 📠 More about faxing

Frequently asked questions

Why put a personal loan in writing?

Especially among friends and family, a short agreement creates clarity: how much was lent, when is it due, is there interest? It also proves the money was a loan rather than a gift – that protects the relationship and both sides in a dispute.

Can I charge interest on a personal loan?

Yes, but state usury laws cap the interest rate you may charge, and the caps vary from state to state – check yours before agreeing on a rate. Many family loans are deliberately interest-free; note that on larger loans (generally above $10,000) the IRS may treat forgone interest as taxable “imputed” interest.

What about repayment in installments?

Simply enter the monthly installment and the date of the first one. Alternatively, agree on a fixed date for repaying the full amount.

Is the digitally signed agreement valid?

A personal loan agreement generally has no mandatory form and can be signed electronically – electronic signatures are valid under the federal ESIGN Act and state e-signature laws such as UETA (in New York: ESRA). Both parties can sign via link if you like; keep proof of the payout as well.

More free templates

Note: this template is a carefully prepared sample for simple everyday cases, provided without guarantee and no substitute for legal advice. Tamgara creates simple electronic signatures under the U.S. ESIGN Act and state e-signature laws such as UETA (in New York: ESRA); it is not suitable for documents that legally require written form.