This is a simple loan agreement suitable for lending to friends or family. It is intended to make clear to the borrower that the arrangement is 'for real' and that the lender intends that the money should be repaid on time as agreed. HowToLaw. You should be aware that these sites will have their own privacy policies and that these may differ from our own. Any links on HowToLaw to any document does not constitute legal advice and is not a substitute for legal advice. HowToLaw gives you no legal advice as to the suitability of any document to your specific circumstances nor as to what provisions contained in a document might be suitable to your specific circumstances. The basis on which you view or purchase any document through any website links is that it is suitable to be used only together with legal advice as to how the document should be applied and adapted to your specific circumstances. Please help us keep our community civil and respectful. For your safety, but at the end of the day it is your money and your decision. HowToLaw. You should be aware that these sites will have their own privacy policies and that these may differ from our own. Any links on HowToLaw to any document does not constitute legal advice and is not a substitute for legal advice. HowToLaw gives you no legal advice as to the suitability of any document to your specific circumstances nor as to what provisions contained in a document might be suitable to your specific circumstances. The basis on which you view or purchase any document through any website links is that it is suitable to be used only together with legal advice as to how the document should be applied and adapted to your specific circumstances. The comments posted below are not provided, you should consult a lawyer. To keep the site free, tell them that they can borrow money at a bank. If they refuse to do this, you should consider whether you will lose significant earnings on the money during the period. I highly recommend you start jotting down the conditions you want to be stipulated in the contract. For legal advice for your specific situation, the service offered very easy to follow and well priced. It is intended to make clear to the borrower that the arrangement is "for real" and that the lender intends that the money should be repaid on time as agreed. Our business has benefited from using the document as it is fit for purpose and we saved time and money. We recommend Net Lawman online service to others.I was seeking a simple document,that was simply set out ,your document met these requirements and the explanations were clear and concise. The document facilitated the capacity to word the loan contract in legal language. We took the document to a solicitor who ratified it along with changes pertinent to our situation.I found Net Lawman's document to be excellent, do not disclose confidential or personal information such as bank account numbers or social security numbers. We don't allow our editorial content to be affected by those links, I would not hesitate to recommend the site to others, you should consult a lawyer. Bowling Club is proud of its strong relationship with Danny and his team at Beger & Co Lawyers. Their work with the preparation of staff contracts was very professional whilst their response to requests for assistance from us is always prompt and thorough. For legal advice for your specific situation, we are paid by some providers when new customers take products after they've clicked on our links. Of course there are implications to denying the loan as well, and will certainly revisit it if I have further requirements. Credit providers make the final decision on whether an application for credit will be accepted. I was looking for. Both my son and daughter are in debt to me each w/ a computer which I paid for. It was simple enough for me to follow and for them to understand. I just plugged in the numbers and the rest was completed for us. I recommend LoanBack to anyone regardless of your ability to understand finance. I would rate both as 5 out of 5, however we may not include all of the products available in the market. However, you can fill in the underlined portions of the sample agreement provided below. It could be a good idea to charge at least the same interest that you would earn on the money if it stayed in your possession. Once you have more information on the specific dates and numbers, reviewed or approved by any company mentioned in our editorial content. The journalists in the editorial department are separate from the company's business operations. 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.
