Loan Agreement Form

Use a Loan Agreement Form Sample template to make your document workflow more streamlined.

What a Loan Agreement Form does

A Loan Agreement Form records the terms under which one party provides money and another repays it. It identifies the lender and borrower, principal amount, interest, payment schedule, maturity or due date, collateral, default provisions, and signatures. The parties should review state-law requirements and any applicable lending rules before execution. With signNow, a prepared agreement can be uploaded, fields can be detected and assigned, and the completed document can be stored with an audit trail. ESIGN and applicable state electronic-transaction law can support electronic execution when intent, consent, attribution, and record retention requirements are met.

Why teams look for DocuSign alternatives

Organizations seek alternatives when they need different pricing models, stronger native automation, simpler bulk affidavit workflows, or more flexible identity-verification options than those available in a legacy envelope-based vendor.

Lenders

Lenders use the Loan Agreement Form to document principal, interest, repayment dates, collateral, default provisions, and authorized signatures before disbursing or servicing funds.

Borrowers

Borrowers review and sign the same agreement to confirm the amount received, payment obligations, security terms, and consequences of missed payments.

Structured fields

Place borrower, lender, principal, interest rate, repayment schedule, collateral, and signature fields directly on the uploaded agreement so every required term is visible before sending.

Signer order

Route the Loan Agreement Form to the borrower and lender in a defined order, reducing uncertainty about who must sign before the agreement becomes complete.

Audit trail

Capture timestamps, signer activity, and completion history in an audit trail that helps parties document how the electronic agreement was executed.

Reusable template

Reuse an approved Loan Agreement Form template for repeated lending transactions while preserving consistent terms, field placement, and signing instructions.

Mobile signing

Let parties review and sign from signNow mobile apps when loan execution occurs away from an office or during an on-site transaction.

Record access

Keep the final signed agreement and completion evidence together so authorized staff can retrieve the loan record during servicing or dispute review.

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Complete a Loan Agreement Form online

Prepare the loan terms, upload the agreement, assign borrower and lender fields, and preserve the completed record with its audit trail.

Upload form:
Upload the completed Loan Agreement Form to signNow.
Check fields:
Review detected fields and add missing signature, date, or initials fields.
Assign signers:
Enter borrower and lender email addresses, then assign each field.
Send and store:
Send the agreement, monitor completion, and store the signed copy.

Setting	Recommendation
Authentication method	Email verification with SMS OTP
Signature type	Typed or drawn electronic signature
Audit trail	Capture signer actions and completion history
Document retention	Apply the lender’s documented retention schedule
Encryption	TLS 1.2/1.3 and AES-256 encryption

Authenticate signers:

Records the authentication method used by each Loan Agreement Form signer.

Timestamp actions:

Captures the date and time for every signing action.

Track document activity:

Associates document activity with the agreement record and signer identity.

Seal completion history:

Preserves a completion history showing the order of required actions.

Preserve final copy:

Maintains evidence of the final signed Loan Agreement Form.

Export audit trail:

Allows authorized users to retrieve or export completion evidence.

Security for signed loan records

Data in transit:

TLS 1.2/1.3

Data at rest:

AES-256 encryption

Security certification:

SOC 2 Type II

Information security:

ISO 27001 certified

Electronic signatures:

ESIGN and UETA

Protected health information:

HIPAA with BAA

Risks of incomplete loan agreements

Execution gap

Missing signatures

Contract ambiguity

Unclear repayment terms

Evidence weakness

Absent consent evidence

Document integrity

Unauthorized changes

Loan agreement retention periods

Retention depends on the record’s purpose and governing authority; a private loan agreement has no single universal federal period.

Three years from filing

Apply IRC §6501(a) when the agreement supports federal tax records; the period is three years from filing.

Six years for 25% understatement

Use six years when a 25% or greater income understatement applies under IRC §6501(a).

Seven years for SOX records

Retain seven years when the agreement supports Sarbanes-Oxley audit records under 15 U.S.C. §7245.

Six years for broker records

Use six years for broker-dealer books and records under 17 CFR §240.17a-4.

State schedule when applicable

Apply the lender’s state-law schedule when no listed federal rule governs the loan record.

Record-keeping practices for loan agreements

Preserve the signed Loan Agreement Form, completion evidence, and applicable retention authority together throughout the agreement lifecycle.

Set the retention period using the applicable authority

Retain the signed Loan Agreement Form and its completion evidence according to the applicable lending, tax, accounting, and state-law requirements. Federal rules do not create one universal retention period for every private loan, so confirm the schedule with counsel or the responsible records authority.

Export the audit trail with the signed agreement

Export the signNow audit trail with the completed agreement after all required parties sign. Preserve timestamps, signer actions, and the final document together, then restrict access to authorized personnel handling servicing, accounting, collections, or dispute response.

Archive the final agreement separately from drafts

Store the executed Loan Agreement Form in a controlled repository with version protection and a clear naming convention. Separate drafts from the final copy so staff do not rely on an unsigned agreement when reviewing payment obligations or collateral terms.

Verify every financial term before sending

Review borrower, lender, principal, interest, payment dates, default terms, and collateral fields before sending. A field review catches omissions before signatures and reduces the need for amendments that could complicate the agreement record.

Loan Agreement Form troubleshooting

Resolve field, signer, plan, and electronic-consent questions before relying on a completed Loan Agreement Form.

Upload the original PDF again, then inspect detected fields before sending. Add missing borrower, lender, date, principal, interest, repayment, and signature fields manually so the executed agreement contains each required term.

Use signNow’s field assignment to distinguish borrower and lender signatures. Review the recipient order and send only after each party has an assigned signature field, because an unassigned field can leave the Loan Agreement Form incomplete.

Business includes legally binding eSignatures, templates, audit trails, and mobile apps at $8/user/month when billed annually. The Business Premium plan is $15/user/month annually and adds bulk send for repeated agreements.

signNow lists a 7-day free trial without a credit card. Paid plans include 100 signature invites per user per year, with overage fees; the Site License uses $1.50 per signature invite for 1,000 or more documents annually.

Electronic execution can satisfy ESIGN and UETA requirements when the parties demonstrate intent, consent, attribution, and the ability to retain and reproduce the record. Check state lending and consumer-disclosure rules before relying on electronic delivery.

For consumer-facing electronic records, ESIGN requires disclosure of the right to receive paper, access to the electronic format, and procedures to withdraw consent under 15 U.S.C. §7001(c). Document that consent before sending the Loan Agreement Form.

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