Private Loan Agreement
Private loan agreements are used when one Party loans money to another Party. Private loan agreements set forth the terms and conditions of the loan. Private loan agreements are used in conjunction with promissory notes.

The Key terms of a private loan agreement include:
a. Description of the purpose of the loan.
b. Conditions placed on the use of the loan
c. Details of the amount and interest of the loan
d. Terms of repayment