A loan agreement template is a financial document which is formally created by an individual or company who is going to give a specific amount of money as a loan under suggested terms. A loan agreement, whether for personal financial assistance or for business development, must need to be filled with extreme care. Usually, banks and financial institutions are required to sign this agreement before disbursement of funds in order to mitigate the risk factor of insolvency as well as to secure loans. Generally, the content of a loan agreement template contains some basic information about the parties to the agreement, conditions for the loan, amount of loan, date of payment of loan and interest rate. It must be created carefully keeping the legal importance of this loan agreement in mind. This loan agreement will always be signed between the loan provider company and the person who borrows the loan. Importance of Loan Agreement: Whenever any credit facility is given to any individual or organization, a loan agreement is prepared. It starts with one party, among others, intending to borrow funds on specific terms and conditions from other parties. Normally, a financial institution or bank is involved in these sorts