Loan Agreement Builder

What is this loan for?

This sets the context shown in your agreement.

Personal or family loanMoney lent to a relative or friend.

Business loanMoney lent for business purposes.

Purchase financingMoney lent to buy something specific.

Other purposeAny other reason for the loan.

Province where the loan is made

Date the loan starts

Who is lending the money?

Use the lender’s full legal name — the person or company giving the loan.

Lender’s full legal name

Lender’s full address

Lender type

Who is borrowing the money?

Use the borrower’s full legal name — the person or company receiving the loan.

Borrower’s full legal name

Borrower’s full address

Borrower type

Set the loan terms.

Amount, interest and how the money comes back — the heart of the agreement.

Loan amount (CAD)

Annual interest rate (%)

How will the borrower pay the loan back?

Lump sumOne payment of everything owed by a due date.

Monthly installmentsEqual payments each month until the loan is repaid.

Custom scheduleDescribe your own repayment arrangement.

Can the borrower repay early with no penalty?

YesThe borrower may repay the full balance early at any time, with no extra charge.

NoEarly repayment carries a fee, stated below.

What happens if a payment is late?

No late chargeMissed payments are handled under the default terms only.

Fixed late feeA set dollar amount is added for each late payment.

Additional interestOverdue amounts accrue extra interest per year.

Co-signer and collateral.

Optional extras that give the lender more security. Skip what does not apply.

Is there a co-signer guaranteeing this loan?

YesAnother person guarantees the borrower’s obligations.

NoOnly the borrower is responsible for repayment.

Is the loan secured by collateral?

YesAn asset backs the loan if the borrower defaults.

NoThis is an unsecured loan.

Run the readiness check.

Tick what has been confirmed. Unchecked items will appear as reminders; they do not change your answers.

The identities of the lender and borrower have been verified.Check government-issued identification before money changes hands.

Both sides understand and agree to the repayment schedule, interest and any fees.Walk through the numbers together before signing.

The interest rate and fees stay within the 35% APR criminal-rate limit.Since January 1, 2025, charging more than 35% APR on most loans is a criminal offence in Canada.

Any collateral is clearly described and, if needed, will be registered separately.Ontario PPSA registration is a separate step from this agreement.

Both sides will keep proof of every payment.Bank transfers leave a record; cash does not.

Both parties will sign and date the original agreement.Each side should keep a signed copy.

Keep the money trail clean: pay by bank transfer or cheque, never cash without a signed receipt — it is the simplest way to prove what was paid and when.

Your draft is ready.

Check every detail before signing. The original should be signed and dated by the lender and the borrower — and the co-signer, if there is one.

Lender—

Borrower—

Loan amount—

Unlock the finished document

$49 CAD · one-time payment

Payment unlocks copy and a Word-compatible download.