A friend asked to borrow money. Please let me know if you have a standard form which I can use so that there is a written record of the loan and the repayment terms. Thank you.

Answer:

The standard form would be:

 

[Date]

I, the undersigned [name], have borrowed [amount] from [lender], to be returned until [due date for payment]. [Or amount per month.]

Signed this [date],

[Signature].

 

If you take guarantors, you should add the following.

 

We, the undersigned [names] agree to serve as guarantors, on the level of an arev kablan.

[Signatures].

 

Best wishes.

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