25+ Payment Plan/Schedule Templates [WORD, EXCEL, PDF]

A payment plan template is a document that provides the details of payments that are to be made against an existing debt or loan. This is a detailed guideline that explains to the borrower how the payments will be made i.e., on what basis, when, how, and the terms and conditions of such payments. This is to actually help out the borrowers, clients, or customers regarding the repayment of a debt or a loan. A payment plan is also known as a payment plan agreement, a payment plan template, or a payment schedule template.

There are different types of payments plan templates such as a medical payment plan, a student loan payment plan, a payment plan for guaranteed installments, etc. The different common types of payment plans are explained in detail below. Also in this article, we have provided you with 25+ different payment plan templates and formats. Some of these payment plan templates are editable as well. Make sure to check out the given below sample payment plans to get a better idea and understanding of the document.

Editable Payment Plan/Schedule Templates

Bill Pay Schedule Template

Sample Payment Schedule Template

Residential Payment Schedule Template

Bill Payment Schedule Template

Proposed Payment Plan Template

Detailed Bill Payment Plan Template

Rent Payment Plan Template

Semi-Monthly Pay Schedule Template

Detailed Loan Payment Plan Template

Payment Plan Agreement Template

New Payment Schedule Template

Weekly Payment Plan Template

Standard Bill Pay Schedule Template

Different Types of Payment Plan/Schedule Templates

When it comes to a payment plan or payment plan schedule templates, there are several different types of such plans available. What type of payment plan template you use strictly depends upon your requirements and situation. Following are some common types of payment plan templates that are used:

Monthly Payment Plan Template

A monthly payment plan or payment plan agreement template enables the borrower to make small amounts of payments that are made on monthly basis. The monthly payment plan templates are quite beneficial for small businesses as they don’t have to pay huge amounts of money. Instead, they can make smaller and more regular payments to the lender. Usually, in such cases, the payment is made at the start of each month.

Annual Payment Plan Template

Unlike a monthly payment plan, an annual payment plan template would entail an annual payment to be made by the borrower, client or customer. In such cases, huge sums of payments are to be made and because of such huge payments, usually, the customers or clients are offered discounts too. Opting for an annual payment plan is usually beneficial to the big businesses as they only have to pay once a year. No doubt that the amount is huge but they don’t have to worry about regular monthly payments. For the lender, it is beneficial as they receive a huge amount instead of smaller amounts of payments.

Monthly Tuition Fee Payment Plan Template

For those people who look for a budgeting scheme to pay for their child’s tuition fee, a monthly tuition fee payment plan template can prove to be quite useful for them. In such cases, the parties to a payment plan agreement are the parents of a child and the educational institute.

Medical Payment Plan Template

Another type of payment plan is a medical payment plan template. Those people who cannot afford to have costly treatments can opt for such types of payment plans. These payment plan templates are helpful for both the practitioner and their patients. Nowadays, more and more people are opting for medical payment plans.

Payment Plan for Guaranteed Installment

A payment plan for guaranteed installment usually involves the use of credit cards. The due payments of a loan or credit are automatically added to the client’s or customer’s monthly credit card totals. Such types of payment plans are beneficial for the lenders as the payment due is automatically detected from the borrowers on regular basis and without any delay. It is also beneficial for the borrowers as the installment or payment is made on time without any delay and hence they don’t have to pay any penalties. The amounts of each installment may vary or it can remain the same as well.

Flexible Payment Plan Templates

Another type of payment plan is flexible payment templates. These types of payment plans are usually proposed and used for more flexible business owners so as to make your own terms and conditions of payments. This is beneficial for both the parties as the terms and conditions of a payment plan agreement would be based on what both the parties actually want.

Printable Payment Plan/Schedule Templates

Medical Payment Plan Template

Student Installment Payment Plan Template

Return of Payments Schedule Template

Federal Student Loan Payment Plans Template

County Payment Plan Agreement Template

BACS Payment Schedule Template

Sample Payment Plans Template

Small Business Payment Plan Template

Quarterly Installment Payment Plan Agreement Template

Rental Arrears Payment Plan Template

Construction Linked Payment Plan Template

Tax Installment Payment Plan Template

Monthly Pay Schedule Template