Free loan agreement template 32Free loan agreement template 32
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Loan Agreement
AND ___________________________
THIS AGREEMENT made and entered into at _______ this ____ day of_______, ______
BETWEEN __________________ hereinafter called "the Lender" AND
________________________ hereinafter called "the Borrower" and reference to the parties
hereto shall mean and include their respective heirs, executors, administrators and assigns;
WHEREAS the Borrower is in need of funds and hence has approached the Lender to grant her
an interest-free loan of Rs.________/- (Rupees ____________________ only) for a period of
____ years;
AND WHEREAS the Lender has agreed to grant a loan to the Borrower, free of interest, as the
Lender and the Borrower have known each other since several years;
AND WHEREAS the parties hereto are desirous of recording the terms and conditions of this
loan in writing;
NOW THIS AGREEMENT WITNESSETH and it is hereby agreed by and between the parties
hereto as under:1. The Borrower hereto,