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This tutorial on how to fill out a loan agreement explains the importance of this document between a lender and borrower. Whether from official lenders or informal ones, a loan agreement is a necessary legal document. To start the process, click on the fill online button and provide the date, borrower and lender's full legal name and address, loan amount, terms and conditions, and additional information if necessary. Enter the due date for the loan, prepayment costs and fees, waiver, successors and assigns, joint and several liability, amendment, and severability. Communication options for notifications should also be provided.
