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Online Payment Plan Agreement Form

Do you need a legally binding payment plan agreement? You can make it online with a free form builder, forms.app. Being online doesn't mean the agreement isn't legal. You can create your online form without worry. You can use the payment plan agreement form template by clicking the "use template" button below.

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Online Payment Plan Agreement Form

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What is a payment plan agreement form?

A payment plan agreement form is an online document made between a lender and a borrower to divide debt into installments. Usually, when there is a large amount, this amount is divided into small parts to facilitate the debtor's payment.

Creating your own payment plan agreement form

You will hardly find a better place to create your own form and share it than forms.app because forms.app offers you many customization options. After you open the edit page, you build your form at each step. Below you can see these build steps:

  1. After using the payment plan agreement form template, you will be directed to the Edit page. You can add, move or delete form fields here.
  2. Design your form. Make a plain form design since it is a legal document.
  3. Adjust the settings.
  4. Share your form. You can choose from many sharing options: Sharing it on your website, social media, or via e-mail. 

What should a payment plan agreement form include?

After starting quickly with the template offered by forms.app, you can change your form according to the type of payment. Also, don't forget to edit the fields that must be added or subtracted according to your country's laws. Generally, a payment plan agreement form should contain:

  • Names and addresses of both lender and borrower
  • The payment amount and interest amount
  • Repayment deadline and payment method
  • An area for the signatures of both parties
  • Payment schedule

The simple answer to this question is “yes.” Online agreements are legally binding, in the exact way that paper contracts are. You can easily create an online agreement form and collect responses without worrying. These agreements will be as effective as printed forms, so long as the respondents give their consent to the statements or sign the document. 

Electronic signatures are considered legal in most of the world, including the United States and the European Union. E-signatures hold the same legal status as paper-based signatures, and they are easier to collect. By adding a signature field to your form on forms.app, you can easily get people’s consent and let them sign your online document.

Creating online contracts and agreement forms is an easy job with a form builder like forms.app. People can simply build online agreements or release forms on forms.app without any need for coding. It is possible to create agreement forms for many purposes, add your terms & conditions, and collect consent from your respondents. In order to create your own form, you can simply follow these steps:

  • Find a suitable agreement form template
  • Click on the “use template” button
  • Customize your form according to your preferences
  • Adjust the form settings
  • Lastly, share your online form with your audience

Online agreement forms can be used for personal, academic, medical, or business purposes. In order to help you use the full potential of online forms, forms.app offers many advanced features and form fields for its users. For example, you can create a complex form with conditional logic, collect signatures, add your own terms and conditions, add your company logo to your form, and customize your form design with a single click.