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Agreements

What should a private loan agreement include?

Amount, purpose, repayment dates, instalments, late handling, and how both people confirm it.

5 min readPractical guideUpdated 2026-06-15

The short answer

At minimum: the amount, the repayment dates and instalments, what happens if a payment is late, and confirmation from both people.

What a private agreement should include

  • The names of both people.
  • The amount and the date it is provided.
  • The repayment dates and instalment amounts.
  • Whether any interest or costs apply.
  • What happens if a repayment is late.
  • How repayments are recorded and confirmed.
  • Confirmation from both people that these are the agreed terms.

Legal note

This is general educational guidance, not legal advice. Requirements differ between countries.

Key takeaway

At minimum: the amount, the repayment dates and instalments, what happens if a payment is late, and confirmation from both people.

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