Draft a loan agreement in minutes.
Fill a single form, watch the contract write itself, edit any clause by hand, then download a clean PDF. Built by Lendbox for microfinance lenders, SACCOs, and money lenders.
This Agreement is made between Acme Microfinance Ltd. (the “Lender”) and John M. Banda (the “Borrower”).
The Lender shall advance KSh 250,000.00 (Two Hundred Fifty Thousand only) to the Borrower.
Three steps to a signed contract
Choose a template
Start from a standard agreement, EMI plan, secured loan, promissory note, or group loan.
Fill in the details
Enter the parties, amount, interest and schedule. We compute the EMI and total payable for you.
Edit & download
Tweak any clause by hand in the live preview, then copy the text or save a clean PDF.
Pick a starting point
Each template pre-fills the right clauses. You can switch templates and edit everything later.
Standard Loan Agreement
A complete general-purpose contract for a personal or business loan with fixed repayments.
Use this template →Installment / EMI Agreement
Emphasises an equal periodic instalment (EMI) schedule with a clear amortisation clause.
Use this template →Secured Loan Agreement
Adds detailed collateral, security interest and repossession clauses for an asset-backed loan.
Use this template →Promissory Note
A short, one-sided promise-to-pay note signed by the borrower. Quick and simple.
Use this template →Group Loan Agreement
For microfinance group lending — adds joint and several liability across group members.
Use this template →Prefer a blank one to fill in by hand?
Download the same agreement as an empty template in PDF or Word, and complete it offline.
Loan agreement questions, answered
Is the loan agreement generator really free?
Yes. Choosing a template, filling in the form, editing clauses, printing, saving a PDF and copying the text are all free and need no account. Only the editable Word (.docx) download asks for your business name and a work email, once.
Is an agreement made with this tool legally binding?
A loan agreement is generally binding once both parties sign it and its terms are lawful where you lend. The generator gives you a clearly structured contract, but it cannot check it against your local law, such as interest-rate caps, stamp duty or witnessing rules. Have important agreements reviewed by a qualified lawyer in your jurisdiction.
Which template should I choose?
Use the Standard Loan Agreement for most personal or business loans with fixed repayments. Choose the Installment / EMI Agreement when the equal instalment schedule matters most, the Secured Loan Agreement when the loan is backed by collateral, the Promissory Note for a short promise to pay signed by the borrower alone, and the Group Loan Agreement for microfinance groups whose members are jointly and severally liable.
How are the instalment and the total payable worked out?
From the amount, interest rate, interest cycle, term and repayment frequency you enter. You can choose a flat rate or an amortised (reducing-balance) loan, and standard repayments or interest-only with a balloon payment at the end. The schedule comes from the same calculation the Lendbox loan management software uses.
Can I edit the clauses after the contract is generated?
Yes. Click into the live preview and change any wording by hand. Print and PDF keep your edits. The Word file is built from the generated text, so re-apply any hand edits in Word after you download it.
Why we made it free
Good lending starts with a clear contract. This generator gives small lenders a professional agreement at no cost — and when you’re ready to manage the whole loan lifecycle, Lendbox is here.
This tool provides a general template and is not legal advice. Have important agreements reviewed by a qualified lawyer in your jurisdiction.