LawBRO’s Loan Agreement service provides a legally binding contract between a lender and borrower, ensuring clarity, enforceability, and protection for both parties. It’s ideal for personal loans, business funding, or private lending arrangements.
What’s Included:
- Custom Drafting: Tailored to the specific loan amount, repayment terms, interest rate, and collateral (if any)
- Key Clauses Covered:
- Loan amount and disbursement method
- Repayment schedule and interest terms
- Default provisions and penalties
- Security or collateral details
- Governing law and dispute resolution
- Legal Validity: Compliant with Indian Contract Act and relevant financial regulations
- Digital Delivery: Final agreement provided in editable format for easy execution
Ideal For:
- Individuals lending or borrowing money privately
- Businesses offering internal loans or credit
- Friends or family formalizing financial arrangements
