Free Personal Loan Agreement between Friends [Samples]

A friend-to-friend loan agreement is made between a borrower and a lender who are both friends. It’s designed to be a straightforward agreement between the parties that spells out the amount borrowed and the terms of repayment. 

Learn how to draft a friendship loan arrangement. For your agreement letter, use our sample personal loan agreement between friends as a template.

Personal Loan Agreement Letter Between Friends Sample

Andrew Jones (borrower)
Ben Bradley (lender)
Original Loan Date: April 2, 2021
Entire Repayment Due: May 2, 2021
Total Amount of Loan: $2,500

TERMS OF LOAN AGREEMENT LETTER:

I, Andrew Jones, borrowed $2,500 from Ben Bradley on April 2, 2021. I will repay the loan in one lump sum when I receive my income tax refund

I, Andrew Jones, promise to repay Ben Bradley the entire amount of $2,500, using a personal check on May 2, 2021.

I also agree to pay a $5 late fee per day if I fail to make the agreed upon one lump payment on May 2, 2021.

(Andrew Jones’ Signature)
Andrew Jones
(Ben Bradley’s Signature)
Ben Bradley

Andrew Jones
3100 Dusty Rd.
New Brunswick, NJ 64856
andrewjones@gmail.com
(954) 895-8744

Ben Bradley
1558 Johnson Rd.
New Brunswick, NJ 64856
benbradley@gmail.com
(354) 895-7823

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