Loan Agreement Between Family or Friends

A Loan Agreement between family and friends is a legal and binding contract. This contract stipulates the terms and conditions of the loan and generally formalises the amount lent, repayments and term of the loan.

What is an Unsecured Loan Agreement?
An unsecured Loan Agreement, also known as a personal loan, is where the loan is not backed by any form of collateral and the Lender has no entitlement to any of the Borrower's assets in the event of the Borrower failing to repay the loan.

Who is it suited to?
This agreement is ideal for friends and family whereby money is being loaned to the Borrower and is to be paid back to the Lender in instalments, with or without interest.

This agreement is easy to edit and if you do not need any clauses you may leave them out, for example: if you do not intend to charge interest on the loan.

Loan Agreement Key Features:
Written by an Experienced Solicitor	Unsecured Loan
For Family or Friends	Loan Terms & Conditions

Need a more formal loan agreement?

If you are after a unsecured loan agreement with a bit more formailty then click here »

INSTANT DOWNLOAD

This Loan Agreement Between Family or Friends document is available for instant download in a Microsoft Word^TM format that is editable.

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