Published November 6, 2025

Repayment Agreement PDF — Free Template (Private, No Upload)

If someone falls behind on a loan, credit card, or informal debt, a written repayment agreement documents how the balance will be cleared. CourtPDF’s Repayment Agreement generator keeps every field local to your device so you can outline payment schedules, default remedies, and signatures without uploading sensitive information.

When to use a repayment agreement

Use a repayment agreement whenever you and another party agree to settle an existing balance over time. Common scenarios include catching up on missed loan payments, resolving a business debt after a dispute, or documenting how a family loan will be repaid. A clear schedule helps both sides avoid misunderstandings and proves to courts or creditors that a plan is in place.

This template complements a full loan contract such as CourtPDF’s Loan Agreement generator and it can be bundled with a Payment Plan Agreement when you want additional late-fee language or collateral terms.

What to include in the PDF

Every repayment agreement should answer four questions:

• Who owes the debt? Name the debtor with any relevant contact info or account numbers.
• Who receives the payments? State the creditor or collection agency plus an address or email for remittance.
• How much is owed? Record the outstanding balance, installment amount, and how often payments are due.
• What happens if payments stop? Add default language so everyone understands grace periods and remedies.

CourtPDF walks through each section and lets you add optional notes, custom default clauses, and extra signers such as guarantors or witnesses.

How to generate the PDF

1. Open the Repayment Agreement tool.
2. Enter the creditor and debtor names, then add the current balance.
3. Choose a payment amount and frequency (monthly, biweekly, or weekly) and set start/end dates.
4. Add any default clause language plus the names and titles for each signatory.
5. Click Download PDF to save a private copy to your device.

Need to track payments after you sign? Pair the agreement with a running ledger in the Receipt Book tool or log installments inside the Payment Plan Agreement template.

Drafting effective default clauses

Default clauses explain what triggers a breach and how the creditor may respond. Keep them specific but reasonable. Examples include requiring two consecutive missed payments before acceleration or giving five business days to cure a late payment before late fees apply. Avoid vague language—courts prefer clauses that reference clear timelines and communication expectations.

The CourtPDF form includes a dedicated field for default terms. If you leave it blank, the PDF notes that no default clause was provided so both parties know to address the topic separately.

Frequently asked questions

Is a repayment agreement enforceable?

Yes. When both parties sign, the agreement becomes evidence that a plan to settle the balance exists. Keep copies of each payment—receipts, bank statements, or confirmations—to show compliance.

Do we need handwritten signatures?

Wet signatures are widely accepted, but most jurisdictions also honor e-signatures if the parties consent. Download the PDF and upload it to your preferred e-signing platform or print for in-person signing.

Should we involve a witness or notary?

Witnesses are optional but helpful for credibility, especially in disputes. Add a witness signature line directly in the tool. Notaries are rarely required unless state law or a prior contract mandates notarization.