Finance request template

Loan agreement signing request template

A loan agreement records the terms of money lent between parties, including amount, interest, repayments and what happens on default.

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What is a loan agreement?

A loan agreement sets out the terms under which one party lends money to another and the borrower agrees to repay it. It typically covers the principal amount, any interest, the repayment schedule and the consequences if repayments are missed. Putting these terms in writing and having both sides sign reduces the chance of disputes later about what was actually agreed.

Loan agreements are used by businesses, directors lending to their own companies, family arrangements and private lenders. A clear signed record matters because it evidences the debt, supports each party's accounting and tax position, and gives the lender something to rely on if repayment is delayed. A signing tool records who agreed and when, but it does not replace tailored legal or financial advice on the terms themselves.

When to use a loan agreement

A director or shareholder is lending money to their own company
A private lender is advancing funds to a small business
Family members are formalising a personal loan in writing
Refinancing or restructuring an existing debt between parties

What to include in a loan agreement

Parties and date: full legal names of borrower and lender, plus the date the agreement takes effect
Loan amount and purpose: the principal advanced and, if relevant, what it may be used for
Interest and fees: the interest rate (if any), how it is calculated, and any establishment or late fees
Repayment terms: the schedule, instalment amounts, due dates and any early repayment rights
Default and security: what counts as default, remedies available, and any security or guarantee given

Pros and cons of sending a loan agreement as a signing request

Pros

Both borrower and lender sign one definitive version with a clear timestamp
You can see when each party opened, previewed and signed the agreement
Automated reminders chase a slow signer without awkward phone calls
A completion receipt gives both sides proof the loan terms were accepted

Cons and things to watch

A signature confirms agreement but does not guarantee the borrower can repay
Cosign does not draft terms or check the rate against credit law for you
Complex or secured loans may need a lawyer to prepare the document
Signing online does not by itself register or perfect any security interest

How to send a loan agreement with Cosign

Upload your loan agreement and use preview to confirm the amount, rate and repayment schedule are correct before sending.
Add the borrower and lender as signers so each receives their own private signing link.
Set a 14-day expiry and add password protection given the financial details involved.
Send the request, track opens and signatures, and keep the completion receipt with your records.

Loan agreement request details

Email subject

Loan agreement signing request

Default message

Please review and sign this loan agreement if the terms are agreed.

Signer setup

Borrower or lender

Suggested expiry

14 days

Button label

Sign loan agreement

Best fit

Finance teams

Loan agreement FAQs

Is an electronically signed loan agreement legally valid in Australia?

In general, Australian law recognises electronic signatures for most agreements where the signer consented and is reliably identified. Some documents have specific requirements, so check whether your loan arrangement is affected and seek advice if unsure.

Can I send the same loan agreement to both the borrower and lender?

Yes. You can add both parties as signers, and each gets a separate private link. Cosign tracks each person's status independently so you know exactly who has signed.

Is the loan agreement kept private?

Yes. Each agreement is sent through a private link to named signers and is not published or indexed by search engines. Only people with the link can open it, and you can add a password for extra protection.

Does Cosign set the interest rate or check the loan is compliant?

No. Cosign sends and tracks the document you upload. It does not draft terms, set rates or check the agreement against credit or consumer law. Get professional advice if you are unsure.

What happens if the borrower does not sign before the link expires?

If the 14-day expiry passes without signing, the link stops working. You can send a fresh request, and reminders beforehand help prompt the borrower to sign in time.