Legal Forms
Family Loan Agreement
1. Parties & Relationship
This Family Loan Agreement is made on , 20, between ("Lender") and ("Borrower"), who are related as .
2. Loan Terms
Loan Amount ($)
Interest Rate (%)
Repay By
3. Purpose & Repayment
The loan will be used for . Borrower agrees to repay $ per month beginning , 20 until repaid in full.
4. If Repayment Becomes Difficult
Parties will discuss and agree on a revised schedule in good faith
Any change to these terms must be put in writing and signed by both
5. Understanding
Both parties agree this loan will not affect their family relationship
This is a loan and not a gift or advance on any inheritance
Confidential ยท Legal FormsFamily Loan Agreement