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Family Loan Agreement
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Family Loan Agreement
Over 2,600 Happy South African Businesses
R 450,00
A loan agreement between family members.
- Can be customized to specific needs.
- Generally faster and easier than traditional loans.
- Clearly sets out repayment responsibilities.
Family Loan Agreement
Summary
Who should use this Family Loan Agreement? This agreement can be used in the event of borrowing money to family members. A Family Loan Agreement is used when one party is borrowing money to another; they protect both the borrower and the lender. A Family Loan Agreement spells out the details of the transaction/ Loan, including the loan amount, the interest rate, and the terms.
What does the template Family Loan Agreement say?
- Parties to the Agreement
- Loan Amount
- Interest Rate
- Term of Loan
- Payment Schedule
- Late Payment
- Security
- Acceleration
- Severability
- Jurisdiction
What does the Family Loan Agreement look like? The template ante-nuptial contract can be printed onto four A4 pages.
What do you need to do to use the Family Loan Agreement?
- Read the template Family Loan Agreement document to ensure that it suits your requirements. Make changes as required.
- Make sure that the blanks have been filled in, including details of any exclusions.
Also known as: Loan Agreement.
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