Loan Contracts Between Friends are essential documents for formalizing monetary arrangements between individuals in the United States. These agreements are particularly important when significant sums are involved, helping prevent misunderstandings and protecting both parties' interests. The document ensures compliance with state-specific usury laws and federal lending regulations while maintaining the informal nature of friendly arrangements. It's designed for situations where traditional bank loans aren't preferred or necessary, such as helping a friend start a business, buy a car, or manage temporary financial difficulties. The agreement includes clear terms for repayment, interest rates, default procedures, and dispute resolution, while using language that preserves the friendly nature of the relationship. This template is specifically crafted to be compliant with U.S. state and federal requirements while remaining accessible to non-legal professionals.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let ¶¶Òõ¶ÌÊÓƵ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and provides full legal names and addresses of the lender and borrower
2. Background: Brief context about the purpose of the loan and relationship between parties
3. Definitions: Defines key terms used throughout the agreement
4. Loan Amount and Purpose: Specifies the principal amount being lent and its intended use
5. Interest Rate: States the agreed interest rate and confirms it complies with applicable usury laws
6. Repayment Terms: Details the repayment schedule, including payment amounts, frequency, and duration
7. Method of Payment: Specifies acceptable payment methods and payment processing details
8. Prepayment: Addresses the borrower's right to prepay the loan and any associated conditions
9. Default: Defines what constitutes default and its consequences
10. Representations and Warranties: Basic statements about each party's capacity to enter into the agreement
11. Governing Law: Specifies which state's laws govern the agreement
12. Signatures: Space for dated signatures of both parties
1. Collateral: Include when the loan is secured by specific assets
2. Late Payment Fees: Include when parties agree to penalties for late payments
3. Guarantor: Include when a third party guarantees the loan
4. Insurance Requirements: Include when collateral must be insured
5. Acceleration Clause: Include when lender wants right to demand full repayment under certain conditions
6. Dispute Resolution: Include when parties want to specify mediation or arbitration procedures
7. Assignment: Include when parties want to address whether the loan can be transferred
8. Modification: Include when parties want to specify how changes to the agreement must be handled
1. Schedule A - Repayment Schedule: Detailed amortization table showing payment dates and amounts
2. Schedule B - Collateral Description: Detailed description of any assets securing the loan
3. Appendix 1 - Payment Instructions: Detailed payment processing instructions and bank details
4. Appendix 2 - Loan Calculator: Spreadsheet showing interest calculations and payment breakdowns
Authors
Relevant legal definitions
Clauses
Relevant Industries
Personal Finance
Private Lending
Real Estate
Small Business
Education
Healthcare
Retail
Professional Services
Construction
Entertainment
Relevant Teams
Legal
Compliance
Risk Management
Financial Advisory
Document Management
Wealth Management
Contract Administration
Relevant Roles
Personal Financial Advisor
Legal Counsel
Paralegal
Financial Planner
Risk Manager
Compliance Officer
Contract Administrator
Document Controller
Legal Document Specialist
Private Lending Consultant
Wealth Manager
Tax Advisor
Find the exact document you need
Take Over Mortgage Payments Contract
A U.S. legal agreement enabling the transfer of mortgage payment obligations from one party to another while maintaining original loan terms.
find out more
Basic Loan Agreement Between Friends
A US-jurisdiction agreement formalizing personal loans between friends, including essential terms and conditions while maintaining legal validity under state laws.
find out more
Agreement For Lending Money To Friends
A U.S.-compliant legal agreement template for documenting and formalizing monetary loans between friends, including essential loan terms and protections for both parties.
find out more
Loan Contracts Between Friends
A U.S.-compliant loan agreement template for personal lending between friends, balancing legal requirements with maintaining friendly relations.
find out more
Lending Contract Agreement
A U.S.-governed agreement establishing the terms and conditions of a loan between lender and borrower, compliant with federal and state lending regulations.
find out more
Unsecured Loan Agreement Individual To Company
A U.S.-governed agreement documenting an unsecured loan from an individual to a company, specifying loan terms and obligations.
find out more
Agreement To Take Over Car Payments
A U.S. legal agreement transferring vehicle loan payment responsibilities from original borrower to a new party.
find out more
Tri Party Agreement Home Loan
A U.S.-governed agreement establishing terms and conditions for a three-party home loan arrangement between borrower, primary lender, and third party (guarantor/co-lender).
find out more
Amenities Agreement For Loan
A U.S. legal document combining loan terms with amenities usage rights and responsibilities, subject to federal and state lending regulations.
find out more
Loan Contract Between Friends
A U.S.-compliant legal agreement documenting loan terms between individuals, including repayment obligations and default provisions.
find out more
Petty Cash Loan Agreement
A U.S.-compliant legal document formalizing small-scale cash loans for minor business expenses or operational needs.
find out more
Letter Borrowing Money From A Friend
A legally binding U.S. document formalizing a personal loan agreement between friends.
find out more
Good Faith Loan Agreement
A U.S.-compliant legal document formalizing a lending arrangement between trusted parties, outlining loan terms and conditions.
find out more
Interest Only Loan Contract
A U.S.-governed agreement where the borrower pays only interest for a specified period, with principal due later.
find out more
Letter Of Loan Agreement Between Friends
A US-compliant legal document formalizing a loan agreement between friends, specifying loan terms and repayment conditions.
find out more
Secured Loan Contract
A U.S. legal agreement documenting a loan secured by specific collateral, governed by UCC Article 9 and state laws.
find out more
Bank Loan Term Sheet
A U.S. law-governed preliminary document outlining key terms and conditions of a proposed bank loan facility, serving as the basis for the final loan agreement.
find out more
Loan Contract For Family
A US-compliant loan agreement for financial arrangements between family members, incorporating IRS requirements and state regulations for family lending.
find out more
Option Contract Car Loan
A U.S.-governed agreement combining auto financing with option rights, subject to federal and state lending regulations.
find out more
Loan On Rent Agreement
A U.S.-compliant legal agreement governing the temporary rental of equipment or property between a lessor and lessee.
find out more
Loan On Lease Agreement
A U.S. legal agreement that provides financing secured by the borrower's rights under an existing lease agreement.
find out more
Assumption Of Mortgage Form
A U.S. legal document that enables the transfer of mortgage obligations from an existing borrower to a new borrower.
find out more
Mortgage Note Purchase Agreement
A U.S. legal agreement governing the sale and transfer of mortgage notes between parties, including terms, conditions, and regulatory compliance requirements.
find out more
Car Loan Assumption Agreement Form
A U.S. legal document enabling the transfer of an existing car loan from one borrower to another, subject to federal and state lending regulations.
find out more
Private Money Lender Contract
A U.S.-compliant legal agreement between a private lender and borrower establishing loan terms and conditions.
find out more
Tripartite Agreement Bank Loan
US-governed three-party loan agreement between a bank, borrower, and guarantor/security provider, detailing loan terms and security arrangements.
find out more
Letter Of Exclusivity Mortgage Broker
A U.S.-compliant agreement establishing exclusive rights for a mortgage broker to represent a client in mortgage transactions.
find out more
Personal Loan Agreement With Notary
A U.S.-governed legal document that establishes terms for a personal loan, authenticated by a notary public.
find out more
Auto Loan Purchase Agreement
A U.S.-governed agreement for the sale and transfer of auto loans between financial institutions, subject to federal and state regulations.
find out more
Line Of Credit Agreement And Note
A U.S. legal document establishing a revolving credit facility between lender and borrower, combining credit agreement and promissory note provisions.
find out more
Contract Financing Loan
A U.S.-governed loan agreement providing financing secured against specific contracts or contract receivables.
find out more
Director Loan Agreement
A U.S. legal agreement governing loans between a company and its director, outlining terms, conditions, and compliance requirements.
find out more
Personal Property Loan Agreement
A U.S.-compliant agreement that documents the terms of a loan secured by personal property, including collateral details and repayment terms.
find out more
Promissory Note Between Friends
A U.S. legal document that formalizes a personal loan agreement between friends, including loan terms and repayment conditions.
find out more
Debtor In Possession Loan Agreement
A U.S. bankruptcy financing agreement that enables companies in Chapter 11 to obtain new funding for continued operations during reorganization, subject to bankruptcy court approval.
find out more
Loan Against Rent Agreement
A U.S. legal agreement establishing terms for a loan secured by rental income from property.
find out more
Inventory Loan Agreement
A U.S.-governed agreement establishing terms for a loan secured by business inventory, subject to UCC regulations.
find out more
Credit Agreement Between Two Parties
A U.S.-governed agreement establishing loan terms between a lender and borrower, including amount, interest, and repayment conditions.
find out more
Installment Loan Contract
A U.S. legal agreement establishing terms for a loan to be repaid in scheduled installments, compliant with federal and state lending regulations.
find out more
Demand Promissory Note Loan Agreement
A U.S. legal document combining a loan agreement and promissory note for a loan repayable on demand.
find out more
Business Line Of Credit Agreement
A U.S.-governed agreement establishing a revolving credit facility between a lender and a business borrower, setting out borrowing terms and conditions.
find out more
Simple Repayment Agreement
A U.S.-compliant legal document establishing terms for debt repayment between a lender and borrower.
find out more
Forgivable Loan Promissory Note
A U.S. legal document establishing terms for a loan that may be forgiven under specified conditions, subject to federal and state regulations.
find out more
Loan Against Lease Agreement
A U.S.-governed agreement establishing terms for a loan secured by a leasehold interest, subject to federal and state lending regulations.
find out more
Agreement To Pay Back Money
A U.S.-compliant legal document establishing terms for money repayment between parties.
find out more
Agreement For Mortgage Of Property
A U.S. legal document creating a security interest in real property to secure a mortgage loan.
find out more
Construction Loan Extension Agreement
A U.S. legal document that extends and modifies the terms of an existing construction loan agreement.
find out more
Vehicle Finance Agreement
A U.S.-governed legal agreement establishing terms for vehicle financing, compliant with federal and state lending regulations.
find out more
Standard Loan Agreement Between Friends
A U.S.-compliant loan agreement template for personal lending between friends, incorporating essential legal protections while maintaining accessibility for non-legal parties.
find out more
Standard Mortgage Contract
A U.S. legal document creating a security interest in real property to secure a loan repayment.
find out more
Residential Mortgage Contract
A U.S. legal agreement establishing terms for residential property financing, subject to federal and state mortgage regulations.
find out more
Mortgage Assumption Letter
A formal request document used in the US for transferring an existing mortgage from one borrower to another.
find out more
Money Agreement Letter
A legally binding U.S. document that outlines the terms and conditions of a monetary loan between parties.
find out more
Lifetime Non Compete Agreement
A contractual agreement attempting to permanently restrict competitive activities post-employment, though largely unenforceable in U.S. jurisdictions.
find out more
Letter Of Intent For Business Loan
A preliminary document used in the US that outlines proposed terms and conditions for a business loan, serving as a framework for negotiations.
find out more
Co Signer Agreement Form For Car
A U.S. legal document establishing joint liability between a primary borrower and co-signer for a car loan, subject to federal and state lending regulations.
find out more
Building Loan Contract
A U.S.-governed agreement establishing terms for construction project financing between lender and borrower.
find out more
Vehicle Loan Agreement
A U.S.-compliant legal agreement documenting terms and conditions for vehicle financing between a lender and borrower.
find out more
Simple Loan Application Letter
A U.S.-compliant formal letter requesting financial credit from a lending institution, containing applicant details and loan requirements.
find out more
Motorcycle Loan Agreement
A U.S.-governed legal agreement establishing terms for motorcycle financing between a lender and borrower, subject to federal and state lending regulations.
find out more
Letter For Borrowing Money
A formal U.S. legal document establishing loan terms between a borrower and lender, compliant with federal and state lending laws.
find out more
Guarantee In Loan Agreement
A U.S. legal document where a third party guarantees to repay a loan if the primary borrower defaults, subject to federal and state lending laws.
find out more
Consortium Loan Agreement
A U.S.-governed agreement establishing terms for multiple lenders to provide financing to a borrower under a consolidated loan facility.
find out more
Common Loan Agreement
A standardized U.S. legal agreement establishing terms and conditions between lender and borrower for the provision and repayment of loan funds.
find out more
Car Loan Security Agreement
A U.S. legal document establishing a lender's security interest in a financed vehicle while outlining loan terms and conditions.
find out more
Car Loan Contract Between Friends
A U.S.-governed agreement between friends documenting terms and conditions for a personal car loan.
find out more
Title Loan Agreement
A U.S. legal agreement establishing terms for a loan secured by a vehicle title, subject to federal and state lending regulations.
find out more
Small Business Loan Agreement
U.S.-governed agreement establishing terms and conditions for a loan between a financial institution and a small business, including loan amount, interest rates, and repayment terms.
find out more
Mortgage Buyout Agreement
A U.S. legal agreement that facilitates the transfer of mortgaged property ownership from multiple owners to a single owner through a buyout process.
find out more
Amenities Agreement For Home Loan
A U.S. legal agreement defining terms and conditions for amenities included with a mortgaged property, outlining rights and responsibilities of lender and borrower.
find out more
Agreement Of Money Between Two Parties
A U.S.-compliant legal document formalizing the terms of monetary transactions between two parties.
find out more
Promissory Note Credit Agreement
A U.S.-governed legal document combining a promissory note and credit agreement to establish loan terms and obligations between lender and borrower.
find out more
Personal Credit Agreement
A U.S.-compliant legal agreement establishing terms and conditions for personal credit between a lender and individual borrower.
find out more
On Demand Loan Agreement
A U.S.-governed agreement establishing terms for a loan that can be called for repayment at any time by the lender.
find out more
Loan Agreement Between Lender Borrower And Guarantor
A U.S.-governed agreement establishing loan terms between lender, borrower, and guarantor, including repayment conditions and guarantee obligations.
find out more
Fee Letter Syndicated Loan
A U.S.-governed document detailing the fee structure and payment terms for a syndicated loan facility.
find out more
Demand Loan And Term Loan
A U.S.-compliant agreement combining demand and term loan facilities, establishing lending terms and repayment conditions under federal and state regulations.
find out more
Car Pawn Agreement
A U.S. legal agreement governing the temporary transfer of vehicle possession to a pawnbroker in exchange for a secured loan.
find out more
Binding Loan Agreement
A U.S.-compliant legal agreement establishing terms for monetary lending between parties, including repayment obligations and security arrangements.
find out more
Equine Loan Agreement
A U.S.-compliant legal agreement governing the temporary transfer of a horse from owner to borrower, outlining care requirements and responsibilities.
find out more
Warehouse Loan Agreement
A U.S.-governed agreement establishing terms for credit facilities secured by warehouse inventory or assets.
find out more
Tranche Loan Agreement
A U.S.-governed agreement structuring a loan into multiple tranches with distinct terms and conditions, subject to federal and state banking regulations.
find out more
Short Term Credit Agreement
A U.S.-governed agreement establishing terms for temporary credit facilities, typically lasting less than one year.
find out more
Rental Loan Agreement
A U.S.-governed agreement establishing terms for rental property financing, including loan terms, security interests, and compliance with federal and state lending laws.
find out more
Syndicated Credit Agreement
A U.S.-law governed agreement between multiple lenders and a borrower establishing terms for syndicated loan facilities.
find out more
Permanent Loan Agreement
A U.S.-governed agreement establishing terms and conditions for a long-term loan between lender and borrower.
find out more
Payday Loan Agreement
A U.S.-governed agreement establishing terms for a short-term loan secured against the borrower's next paycheck.
find out more
Joint Loan Agreement
A U.S.-compliant agreement establishing terms and conditions for a loan with multiple borrowers, defining joint liability and repayment obligations.
find out more
Loan Agreement Between Two Companies
A U.S.-governed contract establishing terms and conditions for a business loan between two companies.
find out more
Installment Credit Agreement
A U.S.-compliant agreement establishing terms for credit repayment in regular installments.
find out more
Group Loan Agreement Form
A U.S.-compliant legal agreement establishing terms and conditions for a loan extended to multiple borrowers with shared repayment responsibility.
find out more
Default Loan Agreement
A U.S.-governed agreement documenting loan default terms, outstanding amounts, and remedies between lender and defaulting borrower.
find out more
Debt Agreement Form
A legally binding U.S. document that establishes loan terms between a lender and borrower, compliant with federal and state lending laws.
find out more
Commercial Loan Term Sheet
A U.S.-governed preliminary document outlining key terms and conditions for a proposed commercial loan transaction.
find out more
Cash Advance Loan Agreement
A U.S.-compliant legal agreement governing the terms of a short-term cash advance loan between a lender and borrower.
find out more
Bill Of Sale Loan Agreement
A U.S. legal document combining property sale terms with loan conditions, governed by federal and state lending regulations.
find out more
Asset Based Loan Agreement
A U.S.-governed agreement establishing a revolving credit facility secured by a borrower's assets, subject to a borrowing base formula.
find out more
Parallel Loan Agreement
A U.S.-governed agreement facilitating simultaneous loans in different currencies between related entities to manage foreign exchange risk.
find out more
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)