Common Contracts
1 similar Family Loan Agreement contracts
Simple family loan agreement template australiaFamily Loan Agreement • January 23rd, 2021
A family loan agreement is a document made through blood or marriage between another (1) borrower and another lender. A family member asking for money may be required to pay interest, defined as a percentage annually, according to the lender. If so, the lender will be repaid more money than originally lent to the borrower. Although usually the funds borrowed between family members are not charged interest, but depend on the family relationship. The family loan agreement is also referred to as: Loan Agreement Form Between Family Members Simple Family Loan Agreement Document Table of Contents Family Loan Agreement shares the same basics with other loan agreements. It should specify the repayment period and payment schedule, interest and other unforeseen items, such as how late payment or defaults are handled. Like any other legal agreement, this Agreement should contain the full names and addresses of both parties – and should specify their relationship – and be dated, signed and witness
