A payment agreement is a document commonly used by lenders and borrowers to ensure a smooth flow of payments. If you want to know what it looks like, here’s DocuCollab’s payment agreement template. This payment agreement template can be used when you are planning to borrow money or you just like to create an amortization table. It can be a helpful tool for you to feel safe and protected as a borrower or lender of money.

With DocuCollab’s payment agreement template, both the owing party and the owed party will agree on a certain payment plan, which if not followed by the owing party, could result in damages in legal should it necessarily reach to that point.