Loan agreement between individuals · Between private individuals
Set the loan amount, actual transfer, repayment and interest without automatic penalties. Review the actual parties, subject, dates and payments. This scenario neither changes the law nor supplies legal facts on your behalf.
Practical review of the conditions
- Identity and capacity of the parties
Do not select a trader or consumer status that does not match the actual transaction.
- Description of the subject or obligation
Identify the subject clearly and establish who is entitled to dispose of it.
- Price, deadline and proof of payment
Distinguish payments actually received from payments merely planned for the future.
Prepare these details
- Lender: full name or entity name
- Borrower: full name or entity name
- Loan principal
- Agreed loan interest and calculation
- Agreed interest for use of the loan
- Simple annual interest rate
- Interest start date, calculation basis and payment period
- Participants’ ages and representation arrangements
You can purchase before completing all fields and continue in your profile. Inviting another party is a separate action; it is not a signature or legal approval.
Primary sources to consult
Common questions
What language will the completed document use?
The interface is available in Latvian, Russian and English. Legal templates and PDF/Word documents remain in Latvian. For your CV and cover letter, choose LV, RU or EN.
Which file formats are available?
PDF and editable Word
Is the file already signed or submitted?
Before use, check that the document fits the actual circumstances and verify signing and submission requirements. A completed file is not automatically signed or submitted.