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A Letter Borrowing Money From A Friend is a crucial document used in Malaysia when individuals seek to formalize personal loans from friends while maintaining the informal nature of their relationship. This document type bridges the gap between verbal agreements and formal loan contracts, providing sufficient legal structure while avoiding the complexity of commercial loan agreements. It's particularly relevant when the loan amount is significant enough to warrant documentation but not so large as to require commercial lending services. The letter format should comply with Malaysian law, particularly the Contracts Act 1950 and Civil Law Act 1956, while remaining accessible and understandable to individuals without legal training. The document typically includes loan amount, repayment terms, any interest arrangements, and basic protections for both parties, serving as a clear record of the transaction and helping prevent future misunderstandings.

1. Sender's Details: Full name and address of the borrower

2. Date: Date of the letter which will be considered the effective date of the loan

3. Recipient's Details: Full name and address of the friend lending the money

4. Salutation: Appropriate greeting to the lender

5. Purpose Statement: Clear statement of the purpose of the letter and formal request for the loan

6. Loan Amount: Specific amount being borrowed, stated in both numbers and words

7. Repayment Terms: Clear statement of how and when the loan will be repaid, including payment schedule if applicable

8. Interest (if applicable): Statement of any interest agreed upon

9. Acknowledgment: Acknowledgment of the debt and commitment to repay

10. Closing: Formal closing and signature block

11. Signature: Space for borrower's signature and date