Friend + Family Loan Agreement

A Loan Agreement between Family and Friends is a legally binding contract drawn to formalise an agreement and details the amount of money being lent as well as the terms of payment and the conditions that should be met on the loan.


Document: Friend + Family Loan Agreement

Document code: LAT4

Document format(s): Microsoft Word Document MS Word Rich Text Format Document RTF

£15.99
Available for instant download Available in multiple formats
Customisable documents Saves both time & money
 

When a person would like to loan a specific amount of money for personal needs such as a car purchase or for home improvement, the loan is called an Unsecured Loan or a Personal Loan. This type of loan is called Unsecured as it is not supported by collateral and doesn't give the Lender any entitlement of the Borrower's assets even if the Borrower had failed to make any payment.

Who is it suited to?

This type of loan agreement is suitable for loans transacted between friends or family wherein the lender is to be paid back by the borrower in instalments.

An experienced solicitor has drafted this agreement and has made it easy to edit. If there are clauses that do not need to be included, like if you are not going to charge any interest, you may edit them out.

The Friend + Family Loan Agreement is available to download instantly in the following formats:

Microsoft Word Document Microsoft Word document
Rich Text Format Document Rich Text Format (Text File)

 

£15.99

    • Drafted by a UK Solicitor
    • Customisable Template
    • Completed Examples
    • Guidance Notes
    • Instant Downloads
    • For Lending in the UK

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