It must contain specific information in clear legal language. If the lender or loan decides to take legal action, a simple credit agreement must contain correct and clear information. It will make a difference if you put your argument before a judge. Any personal credit agreement template or other credit agreement template must have information in the document. If you are looking for a quality free credit agreement template, it is your responsibility to ensure that the document contains all of the following relevant information: This loan agreement template can be used for various loan purposes, for example.B private loans, car loans, student loans, home loans, commercial loans, etc. Regardless of the use of the loan, the structure of the credit agreement remains the same.