Create Legal New Hampshire Loans Lending Forms For Free

Clearly state the details of the loan: The loan amount (in both numbers and words). The date when the loan is being taken. Whether the loan is interest-free or carries interest. If it carries interest, specify the interest rate.

What should be in a personal loan contract? Names and addresses of the lender and the borrower. Information about the loan co-borrower or cosigner, if it's a joint personal loan. Loan amount and the method for disbursement (lump sum, installments, etc.) Date the loan was provided. Expected repayment date.

FindLaw Newsletters Stay up-to-date with how the law affects your life Legal Maximum Rate of Interest10% unless differently stipulated in writing (§3)Penalty for Usury (Unlawful Interest Rate)-2 more rows

To draft a Loan Agreement, you should include the following: The addresses and contact information of all parties involved. The conditions of use of the loan (what the money can be used for) Any repayment options. The payment schedule. The interest rates. The length of the term. Any collateral. The cancellation policy.

What a personal loan agreement should include Legal names and address of both parties. Names and address of the loan cosigner (if applicable). Amount to be borrowed. Date the loan is to be provided. Repayment date. Interest rate to be charged (if applicable). Annual percentage rate (if applicable).

To win a case, you need to have some evidence that your friend owes you money. This doesn't have to be a written legal contract, with witnesses etc. Suing someone for money is a civil case and the judge will decide who wins ?on the balance of probabilities?, looking at whose story seems most likely.