It is critical to review a sample of personal loan agreement between friends or family members before you actually borrow or lend the money. Once you have more information on the specific dates and numbers, tell them that they can borrow money at a bank. If they refuse to do this, you can fill in the underlined portions of the sample agreement provided below. I highly recommend you start jotting down the conditions you want to be stipulated in the contract. I were to never get that money back. If a friend or family member ever approaches you to borrow money, it usually means they have bad credit and you need to proceed with caution.