Asking for Money from Family Member [Sample Letter]

3 Proven Templates for Asking for Money from Family Members

Looking for help on how to ask for money from a family member? Check out our templates that provide a structure and guidelines for crafting a clear, honest, and respectful request for financial assistance. 

These templates cover different situations such as medical expenses, education, and general financial difficulties. Use them as a starting point to create your own personalized letter, and increase your chances of getting the help you need while maintaining a healthy relationship with your family member.


Sample Request for Financial Assistance from a Family Member

Dear [Family Member’s Name],

I hope this letter finds you in good health and spirits. I am writing to you today with a heavy heart and a difficult request. As you may already know, I have been facing some financial difficulties recently due to [explain the reason for the financial trouble briefly].

I am writing to humbly request your help with a loan of [specify the amount of money you need] to help me get back on my feet. I understand that this is a difficult request, and I do not make it lightly. 

However, I am struggling to make ends meet, and I am hopeful that you might be able to offer me some assistance.

I want to assure you that I fully intend to repay this loan as soon as I can. I will be happy to discuss the terms of repayment with you and to come up with a plan that works for both of us. I will do everything in my power to ensure that I pay back this loan as soon as possible.

Thank you for taking the time to read this letter. I hope that you will consider my request and that we can work together to get through this difficult time.

Sincerely,
[Your Name]

Sample Request for Financial Help for Medical Expenses from a Family Member

Dear [Family Member’s Name],

I am writing to you with a heavy heart to ask for your help. As you may know, I have been dealing with some serious health issues lately. Unfortunately, my medical bills have been piling up, and I am struggling to keep up with them.

I am writing to ask if you could please offer me some financial assistance to help cover the cost of my medical expenses. I understand that this is a difficult request, but I am truly desperate for help.

If you can help me, I will be forever grateful. I promise to repay you as soon as I am able to, and I will do everything in my power to ensure that I can make good on this loan.

Thank you for taking the time to read this letter. I hope that you can help me during this difficult time.

Sincerely, 

[Your Name]

Sample Request for Financial Help for Education from a Family Member

Dear [Family Member’s Name],

I hope this letter finds you well. I am writing to you to ask for your help in pursuing my dreams. As you may know, I have always been passionate about [specify the subject or course you want to study], and I believe that pursuing this degree will help me achieve my goals and aspirations.

However, pursuing higher education can be quite expensive, and I am struggling to cover the costs of tuition, books, and other expenses. 

I am writing to ask if you could please help me with a loan of [specify the amount of money you need] to help cover the cost of my education.

I promise to repay this loan as soon as I am able to, and I will do everything in my power to ensure that I can make good on this loan. I am truly grateful for your consideration and support.

Thank you for taking the time to read this letter. I hope that you can help me achieve my dreams.

Sincerely, 

[Your Name]

Sample Letter to Ask Your Uncle for Money

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Date]

[Uncle’s Name]
[Uncle’s Address]
[City, State, ZIP Code]

Dear [Uncle’s Name],

I hope this letter finds you in good health and high spirits. I am writing to you with a humble request that I believe you would be willing to consider. Before I proceed, please allow me to express my gratitude for all the love, guidance, and support you have provided to me and our family over the years.

I find myself in a challenging financial situation at the moment, and after much contemplation, I have decided to reach out to you for assistance. I understand that asking for financial help is not an easy thing to do, but I have exhausted all other avenues and find myself in need of support from someone I trust and admire.

I want to assure you that this request is not borne out of recklessness or irresponsibility but rather due to unforeseen circumstances beyond my control. [Briefly explain the circumstances that have led to your financial need, such as unexpected medical expenses, unemployment, or educational expenses.]


I have explored various options to overcome this difficulty, including cutting expenses, seeking additional employment opportunities, and borrowing from friends or financial institutions. However, these avenues have proven insufficient or impractical, leaving me with limited alternatives.

Your generosity, wisdom, and financial stability have always been sources of inspiration for me. Therefore, I am humbly asking for your support in the form of a loan to help me through this challenging time. The amount I am requesting is [Specify the amount you need]. I am committed to repaying this loan in a timely manner, and we can discuss the terms and repayment schedule that would be most convenient for you.

I understand that granting this loan is a significant decision, and I want to assure you that I will treat it with the utmost responsibility and respect. I am willing to sign any necessary legal agreements to ensure your peace of mind and to honor our mutual trust.

In addition to the financial assistance, I would also greatly appreciate any guidance or advice you could offer me during this period. Your experience and wisdom would be invaluable as I navigate through these challenges, and I am eager to learn from your insights.

Please know that whatever decision you make, I will always cherish and respect our relationship. I am grateful for the bond we share as family, and my request for assistance should not in any way jeopardize that bond. Your decision will be respected, and I will understand if you are unable to fulfill this request.

Thank you for taking the time to read this letter and for considering my request. I eagerly await your response and hope that together we can find a solution that benefits us both.

With deepest respect and gratitude,

[Your Name]

Sample Letter to Borrow Money from Friend

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Date]

[Friend’s Name]
[Friend’s Address]
[City, State, ZIP Code]

Dear [Friend’s Name],

I hope this letter finds you well. I am writing to you today with a humble request and to seek your assistance during this challenging time. I have found myself facing an unexpected financial setback, and after careful consideration, I have come to the conclusion that borrowing some money from a trusted friend like you would be the best solution.

I want to assure you that I have explored other options before reaching out to you. I have approached various financial institutions, but due to my current circumstances, I have been unable to secure a loan. In light of this, I believe turning to a friend is a viable alternative.

The purpose of borrowing this money is to [briefly explain the reason for the loan]. [Provide any necessary details about how you intend to use the borrowed funds, such as paying off medical bills, covering urgent expenses, or addressing a temporary financial shortfall.]

I understand that borrowing money can put a strain on any relationship, and I want to assure you that I take this matter seriously. If you are willing to lend me the requested amount, I am committed to repaying you in a timely and responsible manner. We can discuss and agree upon suitable repayment terms that work for both of us.

To formalize this arrangement and protect both parties involved, I propose creating a written agreement outlining the terms and conditions of the loan. This will help clarify expectations, establish a repayment schedule, and ensure transparency throughout the process. I believe having everything documented will contribute to a smoother and more trustworthy borrowing experience.

I genuinely value our friendship and the trust we have built over the years. I understand that lending money is a significant decision, and I respect whatever choice you make. If you are unable to assist me at this time, please know that I hold no hard feelings, and our friendship remains of utmost importance to me.

I kindly request that you take some time to consider my request and let me know your decision at your earliest convenience. If you have any questions or require further information, please do not hesitate to reach out to me. I am more than willing to discuss this matter in detail or provide any additional documentation you may need.

Thank you for your understanding, support, and consideration. I genuinely appreciate your friendship, and I hope that we can find a way to navigate this situation together. I look forward to hearing from you soon.

Warm regards,

[Your Name]

Sample Letter to Borrow Money from Family

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Family Member’s Name]
[Family Member’s Address]
[City, State, ZIP Code]

Dear [Family Member’s Name],

I hope this letter finds you in good health and high spirits. I am reaching out to you with a humble request that has been weighing heavily on my mind. Before I continue, I want to express my gratitude for the love and support our family has always provided.

I find myself in a situation where I am in need of financial assistance, and after much consideration, I have decided to approach our family for help. I believe that family is a pillar of support, and I am hopeful that you will consider my request with understanding and empathy.

[Provide a brief but honest explanation of your financial circumstances, including the reason why you need to borrow money. It could be for a medical emergency, unexpected expenses, educational needs, or any other valid reason. 

Be transparent about your current financial situation and demonstrate how the borrowed money will address your immediate needs.]

I am aware that borrowing money from family should not be taken lightly, and I want to assure you that I am committed to repaying the loan in a timely manner. To that end, I propose the following terms for the loan:

  1. Loan Amount: [Specify the exact amount you are requesting.]
  2. Repayment Plan: [Outline a clear and realistic plan for repaying the loan. Specify the repayment schedule, whether it will be in installments or a lump sum, and provide a reasonable timeframe for complete repayment. You may also mention your willingness to pay interest, if applicable.]
  3. Security or Collateral: [If you are able to offer any form of security or collateral to assure the lender that their money will be repaid, mention it here. This could be property, assets, or any other valuable item.]
  4. Legal Documentation: [State your willingness to draft a formal agreement or promissory note to solidify the loan agreement. This step is crucial to maintain transparency and avoid misunderstandings in the future.]

Please understand that I am fully aware of the potential impact this request may have on your own financial situation. I assure you that I will handle this loan with the utmost responsibility and respect, honoring our family bonds and maintaining open communication throughout the repayment process.

I kindly request that you take some time to consider my request. If you have any questions or concerns, or if you would like to discuss the terms further, please do not hesitate to reach out to me. I am available at your convenience and willing to provide any additional information that may be required.

Once again, I am deeply grateful for your consideration and support. I understand that this is a significant decision, and regardless of your response, our familial bond remains of utmost importance to me.

Thank you for your time and understanding. I eagerly await your response.

With heartfelt regards,

[Your Name]

Frequently Asked Questions (FAQs)

Q. How do I ask for money from a family member without sounding desperate?

Answer: It’s important to be honest and upfront about your financial situation, but also make it clear that you are not expecting a handout. One way to do this is to frame your request as a loan that you fully intend to repay. 

Also, emphasize that you are exploring all options and have exhausted other resources before turning to your family member for help.

Q. How do I determine the amount of money to ask for?

Answer: It’s important to be specific and realistic when asking for money. Determine the exact amount that you need, and provide a breakdown of how you will use the funds. This will help your family member understand the purpose of the loan and make an informed decision about whether or not to help you.

Q. How can I ensure that the loan is repaid on time?

Answer: It’s important to set clear terms for repayment, including a specific timeline and payment schedule. Put this agreement in writing and sign it to ensure that both parties are clear on the terms of the loan. 

You may also want to consider setting up automatic payments or reminders to help ensure that the loan is repaid on time.

Q. What if my family member refuses to lend me money?

Answer: It’s important to respect your family member’s decision and not take it personally. There may be a variety of reasons why they are unable or unwilling to lend you money. 

In this situation, it’s important to explore other options, such as borrowing from a bank or credit union or seeking assistance from a financial counselor.

Q. Should I offer to pay interest on the loan?

Answer: Offering to pay interest on the loan can help sweeten the deal and make it more attractive for your family member. However, this is ultimately up to you and your family member to decide. If you do offer to pay interest, make sure that you agree on a specific rate and include it in the written agreement.