Loan Consulting Agreement Template

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A loan consulting agreement is a contract that details how a consultant will help their client obtain or manage a loan. Both parties should review the agreement before the work begins to ensure an understanding of the requested loan services, payment requirements, contract dates, and the consultant’s tax obligations as an independent contractor.

Loan Consulting Agreement Template

A loan consulting agreement is a contract that details how a consultant will help their client obtain or manage a loan. Both parties should review the agreement before the work begins to ensure an understanding of the requested loan services, payment requirements, contract dates, and the consultant’s tax obligations as an independent contractor.

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Last updated December 6th, 2024

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A loan consulting agreement is a contract that details how a consultant will help their client obtain or manage a loan. Both parties should review the agreement before the work begins to ensure an understanding of the requested loan services, payment requirements, contract dates, and the consultant’s tax obligations as an independent contractor.

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Commonly Used By:

  • Business loan consultants
  • Student loan consultants
  • Mortgage loan officers

What to Include

Party Information – Loan consulting agreements should state the parties’ names and addresses. If the consultant or client is a business, the agreement should list the company’s information instead.

Service Details – Including a detailed description of the loan services helps both parties understand the consultant’s responsibilities and goals. A loan consultant’s services often include:

  • Assessing the client’s creditworthiness.
  • Suggesting suitable loan options.
  • Assisting with the preparation and submission of loan applications.
  • Communicating with lenders to resolve delinquent loans.

Contract Term – Setting the contract term allows the parties to determine when the consulting relationship begins and ends. The term can expire on a specific date or the occurrence of an event.

Compensation – The agreement should state the consultant’s fees, payment schedule, and preferred payment method.

Expenses – If the consultant is entitled to reimbursement for service-related costs, such as credit checks or loan application fees, the agreement should detail these reimbursable expenses.

Sample

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LOAN CONSULTING AGREEMENT

This Loan Consulting Agreement (“Agreement”) is made effective as of [MM/DD/YYYY] by and between [CONSULTANT’S NAME], with a mailing address of [CONSULTANT’S ADDRESS] (“Consultant”), and [CLIENT’S NAME], with a mailing address of [CLIENT’S ADDRESS] (“Client”).

1. SERVICES. The Consultant agrees to provide the following services to the Client: [DESCRIBE CONSULTING SERVICES] (“Services”).

2. COMPENSATION. In consideration for the Services to be provided, the Client agrees to pay the Consultant $[AMOUNT] per [PAYMENT BASIS (E.G., HOUR)].

3. PAYMENT METHOD. The Consultant shall be paid, in accordance with section 2, upon the Client receiving an invoice from the Consultant.

4. TERM. The Services shall commence on [MM/DD/YYYY] and end on [MM/DD/YYYY].

5. RETAINER. As an advance on future Services to be provided, the Client is: (check one)

☐ – Required to pay the Consultant a non-refundable retainer in the amount of $[AMOUNT] every ☐ week ☐ month, beginning on [DATE].
☐ – Not required to pay the Consultant a retainer.

6. NON-DISCLOSURE. The Consultant agrees not to disclose or misuse the Client’s proprietary or confidential information without prior written consent, except as needed to perform the Services, recognizing that such actions would cause irreparable harm to the Client.

7. EXPENSES. The Client shall only be responsible for the following expenses: [LIST EXPENSES TO BE PAID BY CLIENT].

8. INDEPENDENT CONTRACTOR STATUS. The Consultant is an independent contractor, and neither the Consultant nor their employees or contract personnel are or shall be deemed the Client’s employees.

9. TERMINATION. Either party may terminate this Agreement upon [#] days’ written notice.

IN WITNESS WHEREOF, the parties have executed this Agreement on the date first written above.

Consultant’s Signature: ____________________
[CONSULTANT’S PRINTED NAME]

Client’s Signature: ____________________
[CLIENT’S PRINTED NAME]