Shalom.
How do I word a shtar of a non interest loan that I will lend to a friend x amount and he will repay Y amount each month until paid in full?
Thanks
Answer:
You should word it as follows:
[Date]
I, [X] the undersigned, borrowed [such and such] an amount from [Y], which will be paid back in monthly installments of [amount] each month.
The full loan will therefore be completely be paid back by [date].
Signed,
[signature]
Best wishes.
Thank you for your help.
Shabbat Shalom
Laurence
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