Loan Agreement (Qarz) | Free Draft
A written record of a personal or business loan, with repayment dates and what happens if the borrower defaults. It is drafted as an interest-free loan (qarz). You lend or borrow a significant amount of money. Fill in the form, review the draft and download it as Word or PDF.
When to use it
You lend or borrow a significant amount of money.
Tip
Pay by bank transfer and keep the proof. Cash loans are hard to prove.
What is a loan agreement for?
A written record of a personal or business loan, with repayment dates and what happens if the borrower defaults. It is drafted as an interest-free loan (qarz).
When should I use it?
You lend or borrow a significant amount of money.
Which law does it rely on?
It relies on Contract Act 1872.
What should I check before filing?
Pay by bank transfer and keep the proof. Cash loans are hard to prove. Every [VERIFY] point in the draft must be checked, and a qualified advocate must review the draft before it is filed.
Related drafts
General Affidavit; General Power of Attorney; Special Power of Attorney; Rent Agreement
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