Loan Agreement Key Points

Summary

When drafting a loan agreement with a partner, include key elements such as the loan amount, repayment terms, interest rate, and consequences of default. Ensure both parties sign the agreement for clarity and security. Consider consulting a legal professional for personalized advice.

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I am looking to ask for a loan from my lover and we’ve not seen each other yet. So she asked me to draft a contract agreement
It's great that you're considering a contract for clarity and security. Here are some key points you might include in a loan agreement:
- Loan amount and currency
- Repayment terms and schedule
- Interest rate (if any)
- Consequences of default
- Signatures from both parties
Would you like more information on any of these points?