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Loan Repayment Schedule Template
Create a clear, easy-to-read schedule of loan payments so both lender and borrower know exactly what is due and when.
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Loan Repayment Schedule Template
[Loan Repayment Schedule – Exhibit to Loan Agreement / Promissory Note]
1. Parties and Loan Reference
Lender: [Lender Full Legal Name]
Address: [Lender Address]
Borrower: [Borrower Full Legal Name]
Address: [Borrower Address]
This Loan Repayment Schedule (“Schedule”) relates to the loan documented in the:
Agreement Type: [Loan Agreement / Promissory Note / Other]
Agreement Date: [MM/DD/YYYY]
Loan Reference or Number: [Reference / Number, if any]
2. Loan Summary
Loan Principal Amount: [Principal Amount and Currency]
Interest Rate (if any): [Annual Interest Rate % or “0% – interest-free”]
Interest Type: [Fixed / Variable / Other]
Loan Start Date: [MM/DD/YYYY]
First Payment Due Date: [MM/DD/YYYY]
Final Payment Due Date: [MM/DD/YYYY]
Total Number of Scheduled Payments: [Number]
Regular Payment Frequency: [Weekly / Biweekly / Monthly / Quarterly / Other]
3. Repayment Schedule
The loan will be repaid in the payments listed below. For each payment, specify the due date, the principal and interest portions (if applicable), the total amount, and the remaining principal after the payment is made.
Payment 1:
Due Date: [MM/DD/YYYY]
Principal Portion: [Amount and Currency]
Interest Portion: [Amount and Currency]
Total Payment Amount: [Amount and Currency]
Remaining Principal After Payment: [Amount and Currency]
Payment 2:
Due Date: [MM/DD/YYYY]
Principal Portion: [Amount and Currency]
Interest Portion: [Amount and Currency]
Total Payment Amount: [Amount and Currency]
Remaining Principal After Payment: [Amount and Currency]
Payment 3:
Due Date: [MM/DD/YYYY]
Principal Portion: [Amount and Currency]
Interest Portion: [Amount and Currency]
Total Payment Amount: [Amount and Currency]
Remaining Principal After Payment: [Amount and Currency]
Payment 4:
Due Date: [MM/DD/YYYY]
Principal Portion: [Amount and Currency]
Interest Portion: [Amount and Currency]
Total Payment Amount: [Amount and Currency]
Remaining Principal After Payment: [Amount and Currency]
[Continue listing Payment 5, Payment 6, etc., until all scheduled payments are included.]
4. Payment Method and Reference
All payments under this Schedule shall be made in [Currency] using the payment method and account details described in the underlying loan agreement or promissory note.
Borrower shall always reference:
Loan Reference / Account Number: [Reference / Number]
Borrower Name: [Borrower Full Name]
on each payment so that the payment can be correctly applied to this loan.
5. Prepayments and Changes to the Schedule
If Borrower makes any extra or early payments (“Prepayments”), such amounts shall be applied in accordance with the loan agreement or promissory note. After a significant Prepayment, the Parties may agree to create an updated repayment schedule showing the revised remaining principal and future payments.
Any change to the interest rate, payment amounts, or due dates that affects this Schedule must be agreed in writing and signed by both Lender and Borrower.
6. Relationship to Loan Agreement
This Schedule is an attachment to and forms part of the [Loan Agreement / Promissory Note] dated [MM/DD/YYYY] between Lender and Borrower. If there is any conflict between this Schedule and the main loan agreement or promissory note, the terms of the main document shall control, unless the Parties clearly state in writing that this Schedule is intended to amend those terms.
7. Acknowledgment
By signing below, the Parties acknowledge that this Schedule accurately reflects the agreed repayment plan for the loan described above, as of the date of signing.
Lender
Signature: _______________________________
Name: [Lender Signatory Name]
Title: [Title, if applicable]
Date: [Date]
Borrower
Signature: _______________________________
Name: [Borrower Signatory Name]
Title: [Title, if applicable]
Date: [Date]
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Easy-to-understand jargon
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Learn more about
Loan Repayment Schedule Template
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
LOAN REPAYMENT SCHEDULE TEMPLATE FAQ
What is a loan repayment schedule?
A loan repayment schedule is a document that breaks down a loan into individual payments, showing when each payment is due, how much is paid, and how the balance is reduced over time. It is usually attached to a loan agreement or promissory note.
When should I use a loan repayment schedule?
Use a loan repayment schedule whenever you have a loan that will be repaid over time (for example, monthly or quarterly). It is useful for personal loans, business loans, seller financing, and any installment-based repayment arrangement.
What should a loan repayment schedule include?
It should include the loan amount, interest rate (if any), start date, total number of payments, and for each payment: due date, principal portion, interest portion (if applicable), total payment amount, and remaining principal balance.
Is this loan repayment schedule a substitute for a loan agreement or promissory note?
No. This template is designed as a schedule or exhibit to go with an existing loan agreement or promissory note. It does not replace the main contract that creates the loan and sets the legal terms.
Can I change the schedule later?
Yes, but any changes should be agreed in writing and signed by both lender and borrower. Many people create an updated schedule if they refinance, prepay a large amount, or change the interest rate.
Can AI Lawyer help me build a loan repayment schedule?
Yes. AI Lawyer can help you turn your loan amount, interest rate, and term into a clear repayment schedule and then format it using this template. You still decide the key numbers and terms, and AI Lawyer does not replace legal or financial advice.
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