Loan Agreement
THIS LOAN AGREEMENT is made under the Law of Contract Act [Cap. 345 R.E. 2019] on this [DAY] day of [MONTH], [YEAR] BETWEEN [LENDER NAME], of P.O. Box [ ], [CITY] (the Lender) AND [BORROWER NAME], of P.O. Box [ ], [CITY] (the Borrower).
1. The Loan
The Lender agrees to lend to the Borrower the principal sum of TSh [AMOUNT] (the Loan), receipt of which the Borrower acknowledges on disbursement.
2. Interest
The Loan shall carry interest at the rate of [ ]% per [month/annum] on the outstanding balance. The parties confirm the rate is lawful and not unconscionable.
3. Repayment
The Borrower shall repay the Loan toge
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About this document
Who is it for?
Lenders, borrowers, businesses, SACCOS, and individuals lending or borrowing money in Tanzania.
What does it contain?
Parties, principal sum, interest rate, repayment schedule, security or guarantor, default and acceleration, governing law, and an execution block with a witness.
What you will need to complete
Set a lawful interest rate and a clear repayment schedule. Describe any security or guarantor. Complete every bracketed field before signing.
Format and price
Available as an editable Word (DOCX) file and a print-ready PDF for TSh 2,000.
How to get it
Preview the document above, pay TSh 2,000 securely by mobile money, then download it instantly once payment is confirmed.