Indian Contract Act, 1872
Governs the Loan Agreement as an enforceable contract — offer, acceptance, consideration, and free consent.
Lend or borrowwith complete legal clarity and protection.
A legally stamped Loan Agreement that documents principal, interest rate, repayment schedule, security, and default remedies — protecting both lender and borrower with full enforceability.
Repayment ScheduleInterest RateSecured LoansDefault Provisions
Rs 3,999
All-Inclusive
Stamp-Ready
Court Admissible
3–4 Days
Delivery
What we handle for you
A comprehensive Loan Agreement that protects the lender's right to repayment and the borrower's right to fair terms — fully stamped and enforceable.
Repayment Schedule
Draft precise repayment schedule — EMI, bullet repayment, or milestone-based — with interest calculation methodology clearly defined.
Default Provisions
Include events of default — non-payment, insolvency, material adverse change — with notice period, acceleration of repayment, and penalty interest.
Security & Collateral
Draft security or collateral clauses if the loan is secured — including mortgage provisions, charge creation, and enforcement rights.
Dispute Resolution
Draft governing law, dispute resolution, and enforcement jurisdiction clauses — specifying whether disputes go to civil court or DRT.
The 4-Step Drafting Process
From loan details to a stamped, signed agreement — protecting both parties from the first rupee to the last.
01
Share Loan Details
Provide the lender and borrower details, loan amount, purpose, interest rate, repayment tenure, and any security offered.
02
Lawyer Drafts the Agreement
Our lawyer prepares a comprehensive Loan Agreement covering all financial terms, repayment obligations, default consequences, and enforcement mechanisms.
03
Review & Execute
Both parties review the draft, confirm all terms, and sign the agreement on appropriate stamp paper.
04
Stamping & Execution
The agreement is executed on stamp paper of appropriate value as per the applicable state Stamp Act.
Legal Framework
Loan agreements in India are governed by contract law, stamp law, and registration requirements — particularly when secured by property.
Transfer of Property Act, 1882
Governs mortgage and charge provisions when the loan is secured against immovable property.
Indian Stamp Act / State Stamp Acts
Loan agreements must be executed on stamp paper of appropriate value to be admissible as evidence.
Registration Act, 1908
Loan agreements secured by mortgage of immovable property must be registered.
Client Success Stories
“I lent a significant amount to a business associate without a written agreement. When repayment became an issue, I realised how vulnerable I was. LegalKonnect helped me draft a formal agreement for future loans — lesson learned the hard way.”
SP
Suresh Pillai
Kochi“We needed an inter-corporate loan agreement between two group companies. The lawyer covered all the details — interest rate, security, TDS implications, and default remedies. Very thorough work.”
AJ
Anita Joshi
PuneFrequently Asked Questions
Stamp Duty Not Included
Government stamp duty charges apply to registered documents and vary by state. These are paid directly to the government and are not part of our service fee. Your advocate will confirm the applicable amount for your state before any document is executed.
A loan agreement does not need to be registered unless it creates a mortgage over immovable property. However, it must be executed on appropriate stamp paper to be admissible in court. Notarisation is optional but adds evidentiary value.
There is no specific statutory cap on interest rates for private loans in India. However, courts may reduce unconscionably high interest rates under equitable principles. A rate between 12–24% per annum is commonly accepted as reasonable.
The lender can send a legal demand notice, initiate recovery proceedings in a civil court, invoke security (if any), or approach the Debt Recovery Tribunal if the loan is above Rs. 20 lakhs.
Yes. A loan agreement between family members is as legally binding as any other contract, provided it is properly documented, stamped, and signed. Courts will enforce it as a formal debt obligation.