A Loan Repayment Agreement Between Friends is essential when individuals lend money to friends in England and Wales, providing a formal structure to an informal arrangement. This document helps prevent misunderstandings by clearly stating the loan amount, repayment terms, and any interest charges. It offers legal protection while maintaining the friendly nature of the arrangement. The agreement is particularly useful for loans exceeding £140, as these may fall under the Consumer Credit Act 1974. It should be used whenever friends engage in financial lending to ensure both parties' interests are protected and expectations are clearly documented.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the lender and borrower with full names and addresses
2. Background: Explains the context of the loan and relationship between parties
3. Definitions: Defines key terms used in the agreement
4. Loan Amount and Purpose: Specifies the exact amount being lent and its intended use
5. Repayment Terms: Details payment schedule, amounts, and method of payment
6. Interest: Specifies whether interest applies and if so, the rate and calculation method
7. Duration: States the term of the loan and repayment deadline
8. Signatures: Space for both parties to sign and date the agreement
1. Security: Details of any assets provided as security for the loan - use when the loan is secured against specific assets
2. Early Repayment: Terms for early repayment of the loan - use when parties want to allow for early repayment options
3. Default Provisions: Consequences of missing payments or breaching terms - use when parties want formal default procedures
4. Dispute Resolution: Process for resolving disagreements - recommended for larger loans or where parties want formal dispute procedures
1. Repayment Schedule: Detailed breakdown of payment dates and amounts
2. Security Details: Description of any security provided for the loan
3. Bank Details: Payment account information for both parties
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Voluntary Payment Agreement
An England & Wales agreement documenting voluntary payment arrangements, detailing schedules, terms, and conditions.
Download
Written Agreement To Pay Back Money
An England & Wales legal document outlining terms for loan repayment between individuals or businesses.
Download
Vehicle Sale Agreement With Payments
An England & Wales contract outlining vehicle sale terms with installment payments and ownership transfer conditions.
Download
Third Party Payment Contract
An England & Wales contract outlining third-party payment terms, liability, and compliance in financial transactions.
Download
Tenancy Agreement Payment
An England & Wales legal document outlining financial terms for residential lettings under the Tenant Fees Act 2019.
Download
Settlement Agreement With Installment Payments
An England & Wales legal document outlining structured payment terms to settle a financial dispute.
Download
Sale Payment Agreement
An England & Wales legal document outlining structured payment terms for significant sales transactions.
Download
Rental Payment Agreement Letter
An England & Wales legal document outlining rental payment terms between landlord and tenant.
Download
Rent Repayment Agreement
An England & Wales legal document outlining rent repayment terms due to landlord non-compliance or overcharging.
Download
Rent Payment Plan Letter
An England & Wales legal document outlining a tenant's rent arrears repayment plan and maintaining tenancy terms.
Download
Recurring Payment Contract
An England & Wales contract for managing recurring payments, ensuring compliance with payment regulations and consumer protection laws.
Download
Promise To Pay Agreement Letter
An England & Wales agreement formalizing debt repayment terms between parties, detailing amounts, schedules, and interest rates.
Download
Promise To Pay Agreement For Vehicle
An England & Wales agreement outlining structured vehicle purchase payment plans and obligations for buyer and seller.
Download
Prepayment Agreement
An England & Wales agreement outlining terms for advance payments, delivery, and dispute resolution in commercial transactions.
Download
Preauthorised Debit Form
An England & Wales document authorizing recurring bank payments under Direct Debit mandates with consumer protections.
Download
Personal Loan Repayment Contract
An England & Wales legal document outlining terms for personal loan repayment, ensuring compliance with consumer credit laws.
Download
Payout Agreement
An England & Wales agreement detailing terms for structured financial transfers between parties.
Download
Payment Undertaking Agreement
An England & Wales legal document outlining structured payment commitments in commercial transactions.
Download
Payment Received Agreement Letter
An England & Wales legal document acknowledging receipt of funds, detailing payment specifics for record-keeping and legal protection.
Download
Payment Plan Contract For Puppies
An England & Wales contract outlining flexible payment terms for puppy purchases, ensuring compliance and welfare standards.
Download
Payment Plan Arrangement Letter
An England & Wales legal document outlining a structured debt repayment agreement between debtor and creditor.
Download
Pay Settlement Agreement
An England & Wales legal document resolving pay disputes, detailing terms, and ensuring compliance with employment laws.
Download
Partial Rent Payment Form
An England & Wales legal document recording partial rent payments and protecting landlord rights for remaining balances.
Download
Partial Rent Payment Agreement
An England & Wales legal document outlining temporary reduced rent payments due to tenant financial hardship.
Download
Partial Payment Contract
An England & Wales contract outlining structured debt repayment through installments, detailing terms, schedules, and default consequences.
Download
Part Payment Sale Agreement
An England & Wales legal document outlining terms for part payment of high-value goods transactions.
Download
Notary Payment Agreement
An England & Wales legal document detailing financial terms for notarial services between notaries and clients.
Download
Non Refundable Payment Agreement
An England & Wales agreement detailing non-refundable advance payment terms and consumer protection compliance.
Download
Motorcycle Payment Agreement
An England & Wales agreement detailing installment sale terms for motorcycle transactions, ensuring compliance with financial regulations.
Download
Monthly Payment Contract For Car
An England & Wales contract outlining monthly vehicle payment terms and compliance with consumer credit laws.
Download
Money Received Agreement
An England & Wales legal document recording the receipt of funds, detailing terms and conditions of the transaction.
Download
Loan Repayment Agreement Employee
An England & Wales agreement outlining terms for employee loan repayment and related employment conditions.
Download
Loan Repayment Agreement Between Friends
An England & Wales legal document outlining loan terms between friends, ensuring clarity and legal protection.
Download
Loan Deferment Agreement
An England & Wales legal document deferring loan payments due to borrower financial hardship, preserving original loan terms.
Download
Letter Of Repayment Agreement
An England & Wales legal document formalizing debt repayment terms between parties, detailing obligations and consequences.
Download
Letter For Agreement Of Payment
An England & Wales legal document formalizing payment terms and obligations for existing debts between parties.
Download
Letter Of Commission Payment
An England & Wales document formalizing commission terms, ensuring compliance and protection for payer and recipient.
Download
Lease Payment Agreement
An England & Wales legal document outlining payment terms for leased property, ensuring compliance and clarity for both parties.
Download
Joint Payment Agreement
An England & Wales agreement defining shared payment responsibilities and dispute resolution for joint financial obligations.
Download
Invoicing Agreement
An England & Wales agreement detailing invoicing procedures and payment terms for ongoing business relationships.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)