Note that for this, you do not need programming skills. Also known as a payment contract or instalment payment agreement, a payment agreement is a document describing all the details of a loan between a lender and a borrower. When you borrow money, write professional payment agreements for borrowers with our free PDF template for payment agreements. Simply fill out this form with important credit details such as payment plan, payment method, amount due, and debtor and creditor information, and this payment contract template automatically stores your payment contracts as a secure PDF – easy to download, email to customers, and print for your documents.