Loan agreement template — draft one in minutes
A loan agreement records who lends what, when it is paid back and what interest applies. FD AI drafts one from your answers, from the lender's or the borrower's side.
- Beta on FD AI
- No card needed
- Word download
In FD AI: Drafted under Singapore law, in Singapore or US dollars.
What your loan agreement covers
- Lender or borrowerTell FD AI which side you are on, and the usual answers lean your way.
- Who is lendingOne lender, or several lending together through an authorised representative, to an individual or a company.
- Founder loansA founder lending to, or borrowing for, their own company, or a personal loan with no company involved.
- Amount and termSingapore or US dollars, paid on signing or on a set date, for 6, 12 or 24 months or another period.
- RepaymentIn full at the end, in equal instalments, or on request — with or without the right to repay early.
- InterestA rate a year, a flat charge, a total that steps up over time, or interest-free, plus optional extra interest on late payment.
- SecurityUnsecured, or backed by a guarantee or charge set out in a separate document.
When you need one
- When you lend money to, or borrow from, a friend, family member or business partner
- When a founder or shareholder lends money to the company
- When a company lends to another company in the same group
- Whenever you want the repayment terms clear before money changes hands
How it works
- Answer a few questionsPlain English, one at a time. Skip anything you are unsure of.
- FD AI drafts your loan agreementFrom Founders Doc's own lawyer-written wording, shaped around your answers.
- Check, edit and downloadChange any wording, ask FD AI to explain a clause, then download it as Word.
Common questions
Does a loan between friends or family need an agreement?
It is not always required, but a written agreement makes the amount, repayment date and any interest clear, which avoids arguments later.
Can the loan be interest-free?
Yes. Choose interest-free, or a rate a year, a flat charge or interest that steps up over time.
Is the loan secured?
By default it is unsecured. If the lender wants a guarantee or a charge over assets, that is set out in a separate document, and the agreement refers to it.
Can I edit the agreement after FD AI drafts it?
Yes. Change any wording before you download it as a Word document, and ask FD AI to explain any clause.
Ready to draft your loan agreement?
Your first 3 documents are free · no card needed. A Founders Doc lawyer is one click away if you want a review.
This page is general information, not legal advice. Every deal is different — for advice on your situation, talk to a Founders Doc lawyer.