Detail: A credit agreement is a written document containing the conditions for borrowing and repaying the money. The agreement is concluded with both the loan player and the lender and interpreted, which is the subject of a consensual signature. The agreement clearly presents the details of the loan, the details of the borrower and the details of the lender. There is also a legally acceptable payment procedure. The document therefore obliges the lender to maintain the conditions accepted by the borrowers and vice versa. The document is duly signed, probably in front of witnesses for each transaction. When drafting the credit agreement, you need to decide how the credit should be repaid. These include the date of repayment of the loan, as well as the method of payment. You can choose between monthly payments or a package. .