Contracts for unsecured and secured personal loans are similar, but with a secured personal loan, you should carefully review the section that explains what happens to the pledged asset if you don`t pay. You could lose the money in a CD or get your car taken back if you fall behind. Warning: You should never sign something you don`t understand. Don`t sign if you don`t understand the terms of the mortgage or if you think you can`t repay the loan. Review your contract or seek advice from a lawyer to determine the options available to you if you decide not to take advantage of the home loan offered at closing. You may be able to get a new mortgage or extend the period to complete the sale. Whether you take out a personal loan to start a business, buy real estate, or create a financial respite, you need to have an iron loan agreement when an amount of money is borrowed or borrowed. This section of the PandaDoc loan agreement template describes your loan delivery method or how the agreed loan amount is paid. The existing template has an editable drop-down menu box with the „Cash“, „Check“ and „Transfer“ options pre-filled for you. Note: If you have your own standard loan agreement that you are already using, you can upload it to PandaDoc to edit and reuse it by going to your user dashboard. Go to the „Content Library“ button in the black vertical bar on the left side of your browser area. .