{"product_id":"personal-loan-agreement","title":"Personal Loan Agreement Template - South Africa","description":"\u003cp\u003e\u003cstrong\u003eA personal loan agreement template South Africa lenders and borrowers can use to record what was lent and how it gets repaid.\u003c\/strong\u003e\u003c\/p\u003e\n\u003ch2\u003ePersonal Loan Agreement Template - South Africa\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWho should use this Personal Loan Agreement?  \u003c\/strong\u003eA Personal Loan Agreement is used when one party is borrowing money to another; they protect both the borrower and the lender. A Personal Loan Agreement spells out the details of the transaction\/ Loan, including the loan amount, the interest rate, and the terms. This agreement can also be used in the event of borrowing money to friends or family members.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the template Personal Loan Agreement say? \u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eParties to the Agreement\u003c\/li\u003e\n\u003cli\u003eLoan Amount\u003c\/li\u003e\n\u003cli\u003eInterest Rate\u003c\/li\u003e\n\u003cli\u003eTerm of Loan\u003c\/li\u003e\n\u003cli\u003ePayment Schedule\u003c\/li\u003e\n\u003cli\u003eLate Payment\u003c\/li\u003e\n\u003cli\u003eSecurity\u003c\/li\u003e\n\u003cli\u003eAcceleration\u003c\/li\u003e\n\u003cli\u003eSeverability\u003c\/li\u003e\n\u003cli\u003eJurisdiction\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the Personal Loan Agreement look like? \u003c\/strong\u003eThe template ante-nuptial contract can be printed onto four A4 pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use the Personal Loan Agreement?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the template Personal Loan Agreement document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\u003cli\u003eMake sure that the blanks have been filled in, including details of any exclusions.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eAlso known as: \u003c\/strong\u003e Loan Agreement.\u003c\/p\u003e\n\u003cp\u003e\u003cimg src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Personal-Loan-Agreement.jpg\" alt=\"Personal loan agreement template South Africa\" width=\"300\"\u003e\u003c\/p\u003e\n\u003ch2\u003eWhen to use a personal loan agreement\u003c\/h2\u003e\n\u003cp\u003eA personal loan agreement records what was lent, what gets paid back, and by when. It is the document that stops a loan quietly turning into a gift, or into an argument two years later about what was actually agreed.\u003c\/p\u003e\n\u003cp\u003eIt works the same whether the loan is between friends, colleagues or a business and an individual. The value is in having the terms in writing while everyone is still on good terms.\u003c\/p\u003e\n\u003ch2\u003eWho this template is for\u003c\/h2\u003e\n\u003cp\u003eAnyone lending or borrowing money privately in South Africa who wants the arrangement recorded properly rather than left to memory.\u003c\/p\u003e\n\u003ch3\u003eWhat you get\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eAn editable document in Microsoft Word, plus a PDF copy\u003c\/li\u003e\n\u003cli\u003eWording drafted and reviewed by a lawyer\u003c\/li\u003e\n\u003cli\u003eSpace to record the amount, repayment schedule and any interest\u003c\/li\u003e\n\u003cli\u003eInstant download after purchase\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eHow to complete it\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eRead the document in full before filling anything in\u003c\/li\u003e\n\u003cli\u003eSet out the amount, the repayment dates and whether interest applies\u003c\/li\u003e\n\u003cli\u003eBe specific about what happens if a repayment is missed\u003c\/li\u003e\n\u003cli\u003eBoth parties sign and date it, and each keeps a copy\u003c\/li\u003e\n\u003cli\u003eKeep proof of the transfer alongside the signed agreement\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eGood to know\u003c\/h3\u003e\n\u003cp\u003eA personal loan agreement is a template for you to adapt, not legal advice on your own situation. Lending in South Africa can fall under the National Credit Act depending on who is lending, how often, and on what terms, so it is worth checking with an attorney where the amount is significant or the lending is regular.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e\u003c\/p\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164062843020,"sku":"AO-19594","price":454.92,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Personal-Loan-Agreement.jpg?v=1789524942","url":"https:\/\/agreementsonline.co.za\/products\/personal-loan-agreement","provider":"Agreements Online","version":"1.0","type":"link"}