Official Indiana Loan Agreement Form | Step-by-Step Guide

Terms and conditions for lending money

Sales Tax: 7%Notary: $10Witnesses: 1

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LOAN AGREEMENT
State of Indiana

This Loan Agreement is entered into on [DATE] between:

LENDER:
Name: [LENDER NAME]
Address: [ADDRESS], IN [ZIP]

BORROWER:
Name: [BORROWER NAME]
Address: [ADDRESS], IN [ZIP]

1. LOAN AMOUNT: $[PRINCIPAL AMOUNT]
2. INTEREST RATE: [RATE]% per annum [  ] Fixed [  ] Variable
3. LOAN DATE: [DATE]
4. MATURITY DATE: [DATE]
5. PAYMENT SCHEDULE:
   [  ] Monthly payments of $[AMOUNT] beginning [DATE]
   [  ] Lump sum due on [DATE]
   [  ] Other: [DESCRIBE]

6. LATE PAYMENT: A fee of $[AMOUNT] or [PERCENTAGE]% applies after [DAYS] days.
7. PREPAYMENT: [  ] Allowed without penalty [  ] Subject to [PERCENTAGE]% penalty
8. COLLATERAL (if secured):
   Description: [DESCRIBE COLLATERAL]
9. DEFAULT: Upon default, Lender may declare entire balance due immediately.
10. USURY COMPLIANCE: Interest shall not exceed the maximum rate permitted by Indiana law.

This agreement is governed by Indiana law (IN Statutes).

LENDER: _____________________ DATE: _____
BORROWER: _____________________ DATE: _____

Where to File Your Loan Agreement in Indiana

Visit your local County Clerk office to file or notarize your Loan Agreement.

Indiana County Clerk

Indiana Capital

Main Government Building, Indiana

District County Clerk

Indiana Metro Area

County Courthouse, IN

Loan Agreement Costs in Indiana

Estimated fees and processing times

Fee Type	Cost	Notes
Notary Fee	$5-$15 (if required)	Indiana standard rate: $10
Filing Fee	Varies by state	State registration (if applicable)
Processing Time	1-3 business days	Typical turnaround in Indiana
Sales Tax	7%	Indiana base rate (local taxes may apply)
Witness Requirement	1 witness	Single witness sufficient
Our Template	FREE	Download instantly, no cost

Fees shown are Indiana-specific estimates. Contact your local office for exact pricing.

FAQ: Loan Agreement in Indiana

Is a Loan Agreement required in Indiana?

Yes, in Indiana, a Loan Agreement is required for most transactions of this type. Under Indiana State Code, the document must include all parties' information, be signed, and witnessed by at least one individual. Failure to use a proper Loan Agreement may result in legal complications.

Does a Loan Agreement need to be notarized in Indiana?

Notarization requirements in Indiana (IN) vary by transaction type. Notary fees in the state typically range from $10. While not always mandatory, notarization adds an extra layer of legal protection and is recommended for high-value transactions.

What are the tax implications of a Loan Agreement in Indiana?

Indiana has a base sales tax rate of 7%. Depending on the type of transaction documented in your Loan Agreement, additional local taxes may apply. Consult with a Indiana tax professional for specific guidance on your situation.

What is the difference between a loan agreement and a promissory note?

A promissory note is a simple promise to repay, signed only by the borrower. A loan agreement is a more detailed contract signed by both parties, covering terms like collateral, representations, covenants, and default remedies.

Can I lend money to a friend without a written agreement?

While verbal agreements can be legally binding, they are extremely difficult to enforce. A written loan agreement protects both parties by clearly documenting the amount, interest rate, repayment terms, and consequences of default.

What interest rate can I charge on a personal loan?

Interest rates are limited by state usury laws, which vary significantly. Some states cap rates at 6-10%, while others allow higher rates. Charging above the legal limit can void the loan and result in penalties.

Indiana Loan Agreement Requirements

Review the following requirements to ensure your Loan Agreement is legally valid in Indiana.

Notarization required

1 witness must sign

Vehicle identification number (VIN) required

Odometer disclosure mandatory

Buyer and seller signatures required

Purchase price must be stated

Date of sale required

Blue or black ink only

Electronic signatures accepted

County clerk filing required

Indiana Notarization

While notarization may not be required in Indiana, it is recommended. Fees range from $10.

Before You Sign

Review all information carefully. In Indiana, a 7% sales tax may apply.

Legal Protection

Keep copies of all signed documents. Indiana law requires all parties to receive copies of executed documents.

Indiana Filing Deadlines

Check Indiana deadlines for filing or recording this document with the appropriate county clerk's office.

SMJ

Reviewed & Fact-Checked

Sarah Mitchell, J.D.

Legal Document Specialist

Licensed Attorney, 15+ years experience

Specializes in contract law and legal document preparation

This Loan Agreement template for Indiana has been reviewed for accuracy and legal compliance.

Last reviewed: March 2026

Indiana Loan Agreement Legal Guide

For residents of Indiana, ensuring this form is compliant with state-specific requirements is a top priority for legal validity.

For Indiana (IN) residents, this Loan Agreement is governed by Indiana State Code. Important details: sales tax at 7%, notary costs of $10, and a requirement for 1 witness. The document has indefinite validity once properly executed.

This professionally drafted form provides peace of mind knowing you're compliant with all Indiana legal requirements.

borrowerlenderinterest raterepayment termscollateraldefaultloan terms

Navigating Indiana's legal landscape for a Loan Agreement doesn't have to be complicated. This guide breaks down everything IN residents need to know — from required fields to filing procedures — so you can complete your document with confidence.

Step-by-Step Process

1. Download the template — Our Indiana-specific form includes all fields required by IN law.
2. Enter your information — Fill in names, addresses, dates, and transaction details accurately.
3. Review carefully — Double-check all entries against your source documents.
4. Sign and witness — Execute the document according to Indiana's signature requirements.
5. Notarize if needed — Some Indiana transactions require notarization.
6. File or distribute — Provide copies to all parties and file with the appropriate Indiana office if required.

Legal Validity & Enforcement

Once properly executed, your Loan Agreement is legally binding in Indiana and enforceable in IN courts. The document remains valid indefinitely unless revoked or superseded. Indiana courts generally uphold properly executed documents, provided they comply with applicable IN statutes.

What Indiana Attorneys Want You to Know

Practicing lawyers in Indiana emphasize three things: accuracy, completeness, and compliance with IN statutes. A well-prepared Loan Agreement saves time, money, and potential legal headaches down the road. When in doubt, a brief consultation with a Indiana-licensed attorney is worth the investment.

Meeting Indiana's Legal Threshold

For your Loan Agreement to hold up in a Indiana court, it must satisfy the state's statutory requirements. IN law emphasizes clear language, mutual consent, and proper execution. We've built these requirements directly into our template.

Other Forms in Indiana

Loan Agreement in Neighboring States

Document Information

Document: Loan Agreement
State: Indiana (IN)
Category: Financial
Format: PDF / Word / Print
Cost: 100% Free
Sales Tax: 7%
Notary Fee: $10

Indiana Legal Requirements

Governing Statute:

State Law

✓Consult with a licensed attorney for specific requirements

Legal Disclaimer

This template is for informational purposes only and does not constitute legal advice. Laws in Indiana may change. Consult a licensed attorney for advice specific to your situation.