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.
