Guide
Loan Agreement Kenya
A valid loan agreement should clearly state lender/borrower identities, principal amount, interest, repayment schedule, due date, collateral, and default consequences.
Core clauses
- Parties and contacts (full legal names + phone numbers)
- Loan amount, interest rate, and total repayment
- Repayment timeline with exact due dates
- Default flow: grace period, demand letter, court escalation
- Collateral terms and handover condition (if any)
You can generate this structure in CaseReady and preserve an auditable timeline for court use.