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06/06/2021 · A Loan Agreement is a written promise from a lender to loan money to someone in exchange for the borrower's promise to repay the money lent as described by the Agreement. Its primary function is to serve as written evidence of the amount of debt and the terms under which it will be repaid, including the rate of interest (if any).A loan agreement is a written agreement between a lender and a borrower. The borrower promises to pay back the loan in line with a repayment schedule (regular payments or a lump sum). As a lender, this document is very useful as it legally enforces the borrower to repay the dollar amounts referred to in this Loan Agreement are in Canadian funds. ARTICLE 2 - LOAN Loan. The Lender has agreed to advance the sum of One Hundred Thousand Dollars ($100, ) (the “Loan”) by way of loan to the Borrower upon and subject to the terms and conditions contained in this Loan Agreement. Repayment of ;· Loan Agreement.

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