Top Things To Know About Personal Loan Agreement

Carlglendon18 Oct, 2022Business

A personal loan agreement is a contract between two parties where one party provides funds to the other party in exchange for repayment over time. This kind of loan agreement is a type of contract with a personal guarantee or a pledge to pay back an amount of loan obtained (in order to meet personal expenses) along with interest, within a specific amount of time from the date of receipt of the loan amount.