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What is a Loan Agreement EXPLAINED

Official Loan Agreement Template: https://bit.ly/2QW7I2b Standard loan agreements are useful for many situations, such as: Business loans; Personal loans; Home equity loans; Car loans; Student loans; and And much more. Loan agreements can come in many variations, but the function of each type is to set out the terms to pay back the money owed. Standard loans are typically secured or unsecured, and this factor is usually dependent upon an individual’s credit score. For an official standard loan agreement, head to the link above! Free Version: https://eforms.com/loan-agreement/ Disclaimer: This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and/or damages in connection with the use of our videos. ----- 0:00 Intro: 0:45 Family Loan Agreement: 0:51 I Owe You (IOU): 1:08 Loan (Personal) Guarantee: 1:17 Personal Loan Agreement: 1:22 Release Of Debt: 1:30 Release Of Personal Guarantee: 1:35 Secured Promissory Note: 1:44 Unsecured Promissory Note: 1:55 Secured Loans Vs. Unsecured Loans: 2:05 Secured Loan: 2:25 Unsecured Loan: 2:34 Writing The Loan Agreement: