Free Loan Agreement Letter Between Friends Samples
Use these sample loan agreement letters between friends as templates for your formal agreement letter.
Last updated on September 16th, 2021
Sample 1 - Loan Agreement Letter Between Friends
Andy Smith (borrower)
Darci Barton (lender)
Original Loan Date: DATE
Entire Repayment Due: DATE
Total Amount of Loan: $2,500
TERMS OF LOAN AGREEMENT LETTER:
I, Sandy Smith, borrowed $2,500 from Darci Barton on DATE. Daric Barton and I both agree that the loan will be repaid using a series of scheduled financial payments.
I, Sandy Smith, will submit a monthly payment due on the 1st of every month using a personal check in the amount of $104.20 to Daric Barton. The first payment will be made on DATE and the last payment will be made on DATE.
I, Sandy Smith, agree to a $5 late charge per day for any payments that are late until the entire loan is paid in full on DATE.
Both parties agree to the terms surrounding the said loan.
Signed and dated today on DATE.
(Sandy Smith's signature)
Sandy Smith
(Darci Barton's signature)
Darci Barton
Sandy Smith
2100 Freeport Rd.
Dixon, IL 64856
[email protected]
(654) 895-8744
Darci Barton
1958 Mountain Rd.
Dixon, IL 64856
[email protected].com
(654) 895-7823
Kathryn Heigle (third-party witness)
Trust and Loan Bank representative
438 North Ave.
Dixon, IL 64856
(654) 895-4147
Darci Barton (lender)
Original Loan Date: DATE
Entire Repayment Due: DATE
Total Amount of Loan: $2,500
TERMS OF LOAN AGREEMENT LETTER:
I, Sandy Smith, borrowed $2,500 from Darci Barton on DATE. Daric Barton and I both agree that the loan will be repaid using a series of scheduled financial payments.
I, Sandy Smith, will submit a monthly payment due on the 1st of every month using a personal check in the amount of $104.20 to Daric Barton. The first payment will be made on DATE and the last payment will be made on DATE.
I, Sandy Smith, agree to a $5 late charge per day for any payments that are late until the entire loan is paid in full on DATE.
Both parties agree to the terms surrounding the said loan.
Signed and dated today on DATE.
(Sandy Smith's signature)
Sandy Smith
(Darci Barton's signature)
Darci Barton
Sandy Smith
2100 Freeport Rd.
Dixon, IL 64856
[email protected]
(654) 895-8744
Darci Barton
1958 Mountain Rd.
Dixon, IL 64856
[email protected].com
(654) 895-7823
Kathryn Heigle (third-party witness)
Trust and Loan Bank representative
438 North Ave.
Dixon, IL 64856
(654) 895-4147
Sample 2 - Loan Agreement Letter Between Friends
Name of Borrower
Address of Borrower
City, State, Zip Code
Email Address
Phone Number
DATE
Name of Lender
Address of Lender
City, State, Zip Code
Email Address
Phone Number
RE: Personal loan
Dear Name of Lender:
I, [Name of Borrower], borrowed [AMOUNT] from [Name of Lender] on [DATE]. The money is to be repaid in one lump sum. I, [Name of Borrower], promise to repay the full amount, [AMOUNT], with a cashier check on [DATE].
I agree to pay a late fee of [AMOUNT] per day until the loan is paid in full if I am not able to make the payment on the agreed date.
The borrower and lender agree to the payment agreement terms listed above.
Signature of Borrower, DATE
Name of Borrower
Signature of Lender, DATE
Name of Lender
By Andre Bradley
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Address of Borrower
City, State, Zip Code
Email Address
Phone Number
DATE
Name of Lender
Address of Lender
City, State, Zip Code
Email Address
Phone Number
RE: Personal loan
Dear Name of Lender:
I, [Name of Borrower], borrowed [AMOUNT] from [Name of Lender] on [DATE]. The money is to be repaid in one lump sum. I, [Name of Borrower], promise to repay the full amount, [AMOUNT], with a cashier check on [DATE].
I agree to pay a late fee of [AMOUNT] per day until the loan is paid in full if I am not able to make the payment on the agreed date.
The borrower and lender agree to the payment agreement terms listed above.
Signature of Borrower, DATE
Name of Borrower
Signature of Lender, DATE
Name of Lender
By Andre Bradley
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