Loan Contract

Officially document a loan between individuals or legal entities. Protect both parties with clear clauses.

Professionally Reviewed Instant Download Editable DOCX Format Updated for 2026

What's included

  • Professionally drafted document template
  • Customizable fields for your data
  • Instant download after payment
  • DOCX format — editable in Word

How to Use

  1. 1 Fill in the required fields in the form above
  2. 2 Review the optional fields for additional customization
  3. 3 Click "Generate Document" and complete the payment
  4. 4 Download your personalized document instantly

What is a loan contract and why should it be in writing?

A loan contract (contract de imprumut) is a legal agreement through which one party (the lender) gives a sum of money or fungible goods to another party (the borrower), who commits to returning the same amount or equivalent at a specified date. Regulated by the Romanian Civil Code (art. 2158-2170), the loan contract can be between individuals, between companies, or between an individual and a company. While verbal agreements are technically valid under Romanian law, a written loan contract is essential for enforcing repayment. Without written proof, recovering the lent amount through legal means becomes extremely difficult. A loan contract clearly establishes the borrowed amount, repayment schedule, interest (if any), and consequences of default, protecting both the lender's investment and the borrower's rights.

Essential clauses in a personal loan agreement

A comprehensive loan contract should include: full identification of the lender and borrower, the exact amount lent (in figures and words), the currency, the method of transfer (cash, bank transfer), the repayment deadline or installment schedule, the interest rate (if applicable — the loan can be interest-free), late payment penalties, guarantees or collateral (if any), conditions for early repayment, and consequences of default. Under Romanian law, interest between individuals is permitted but capped at the legal interest rate set by the National Bank of Romania. If the loan exceeds a certain threshold, it may need to be declared for tax purposes. Our Contract Kit template includes all necessary clauses and allows you to configure the loan as interest-bearing or interest-free.

How to create a loan contract on Contract Kit

Generating a loan contract on Contract Kit is fast and straightforward. First, you enter the lender's details — name, address, and identification information. Then you provide the borrower's data. In the next step, you specify the loan terms: the amount being lent, the currency, whether the loan carries interest (and at what rate), the repayment deadline or installment plan, and the method of repayment. The form includes optional fields for late payment penalties, guarantees, and special conditions. You can choose between a lump-sum repayment or installment-based repayment. After completing the form and making the secure payment, you download the loan contract in DOCX format, ready to print and sign by both parties. Each party should retain a signed original copy.

Frequently Asked Questions

Can I charge interest on a personal loan in Romania?
Yes, you can charge interest on a personal loan. However, the interest rate between individuals is capped at the legal interest rate established by the National Bank of Romania. Charging interest above this limit (usury) is prohibited. Our template allows you to specify the interest rate or create an interest-free loan.
Does the loan contract need to be notarized?
No, a loan contract between individuals does not require notarization to be legally valid. A simple written agreement signed by both parties is sufficient. However, notarization adds extra legal weight and can make enforcement easier in case of non-payment.
What happens if the borrower does not repay?
With a signed loan contract, the lender can pursue legal action to recover the amount. The contract serves as evidence of the loan terms. If the contract was notarized, it can serve as an enforceable title, allowing faster collection through a bailiff without a full court trial.
Do I need to declare the loan to tax authorities?
For loans above certain thresholds or loans that generate interest income, tax declarations may be required. Interest earned is considered taxable income. For interest-free loans between family members, there is generally no tax obligation. It is advisable to consult a tax advisor for large amounts.
Can companies use this loan contract template?
Yes, the template can be used for loans between individuals, between companies, or between an individual and a company. For company loans, additional fields are available for tax identification numbers, trade register data, and legal representative information.