Common Contracts
1 similar Simple Loan Agreement contracts
Simple loan agreement template between friendsSimple Loan Agreement • February 8th, 2022
Do not give cash. Unlike normal loans where there is a penalty for repaying the loan early, this agreement does not contain such language. After all signatures are signed, write out a check to the borrower or send an electronic transfer online. Generally speaking, interest is not commonly charged between family members. How much potential income is lost by making a loan to a family member? Somewhat surprisingly, interest on family loans may be best thought of as a necessary evil. ] The Parties agree to the terms and conditions set forth above as demonstrated by their signatures as follows: Lender Signed: Name: Date:
