Description
When lending or borrowing money this Agreement sets out the rights and obligations regarding repayment and interest on the loan. If you are doing this as a business or regularly (i.e. if this is not a once-off), please contact us.
Ensure you have the following on hand before starting the process – checklist:
✓ The borrower’s details (e.g. full name, ID or registration number and address)
✓ Amount of the loan
✓ Interest rate
✓ Loan period /term
✓ Date of first loan repayment
✓ Name of a surety (if any)
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