This is due to the fact that the document serves as proof of the terms of the loan and what the borrower has agreed to repay. Getting a private loan with bad credit is usually very difficult. Many people who lend to personal borrowers consider looking at their ability to repay the loan, and one of the easiest ways to find out if someone has the capacity is by their creditworthiness. However, with a good explanation of why you need the credit when they have bad credit and the certainty that they can pay the specific credit, it is possible to borrow on a personal level. The template below for the loan agreement form is a generic pdf template for a personal credit agreement that you can download and process according to your needs. .