Friends and family loan agreement

This is a simple loan agreement suitable for lending to friends or family.

Use this document when you need to record the loan, but where you have a high level of trust with the borrower.

Suitable for use in: England & Wales and Scotland
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About this document

Lending to friends and family can be difficult.

A written agreement may seem too formal or raise questions of trust. But not using one can result in confusion about the terms, or mistaking the loan as a gift.

This agreement is simple in order to bridge the gap between not using an agreement at all, and using a longer, more comprehensive one. It is, however, legally binding.

It could be used for situations such as lending to a friend or family member to buy a car, for a deposit on a property, or to fund an event or large purchase.

Either party may be abroad or in the UK, and the loan can be of any size.

This agreement contains no provisions for security or for a guarantor. If you want to bring in a guarantor, this document may be more suitable.


  • Definition and purpose of the loan

  • Sum of the loan and advances

  • Repayment conditions

  • Interest payable

  • Miscellaneous legal matters


This document was written by a solicitor for Net Lawman. It complies with current English law.

UK-LDGloa20 - Friends and family loan agreement (Suitable for use in: England & Wales and Scotland)

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