Payment Plan Agreement Template
Formalise a plan for someone to pay off an existing debt in instalments. The agreement records the debt, sets a schedule and protects the creditor's rights if payments stop.
What's in this template
The Payment Plan Agreement covers the sections below. Each is pre-written and editable, with signing fields already placed for every party.
- Parties
- Acknowledgement of Debt
- Payment Plan
- Method of Payment
- Default and Acceleration
- Preservation of Rights
- Costs
- Consumer Credit
- Governing Law
Who signs & who it's for
Signing parties (in order):
- 1Creditor
- 2Debtor
Commonly used by:
- Businesses arranging instalments with a customer
- Anyone recovering an overdue amount
- Service providers offering a catch-up plan
A starting point, not legal advice
How to send a Payment Plan Agreement for signing
Pick the template
Start from this template in AirSign. The document, signing fields and signer roles are already laid out for you.
Fill in your details
Enter names, dates and the other details as guided fields. Tweak any wording in the editor if you need to.
Send for signing
Send it to each party by email. They sign securely in the browser and everyone gets the completed, audit-trailed document.
Payment Plan Agreement - Frequently Asked Questions
Is this template legally binding in Australia?
When signed electronically through AirSign, agreements made with this template are supported by the Electronic Transactions Act 1999 (Cth) and equivalent state and territory legislation, with a complete audit trail attached to every signature. The wording is an Australian-aligned starting point - for important matters, have it reviewed by a qualified professional.
Can I customise the template before sending it?
Yes. Every field is a fillable variable - names, dates, amounts and other details are entered when you start, and the rest of the wording can be edited in the AirSign editor to suit your situation before you send.
Do the people signing need an AirSign account?
No. Signers receive a secure link by email and can review and sign in their browser - no account, app or installation required. Only the person sending the document needs an AirSign account.
Is it really free to start?
You can start from any template on the AirSign free trial with no credit card required. Browse the wording here, then create your account to fill it in and send it for signing.
Ready to send your Payment Plan Agreement?
Fill in this template with your details and send it for legally binding e-signing. Try AirSign free - no credit card required.