The document can record
- The lender and borrower
- The amount and start date
- The repayment frequency and schedule
- The interest rate entered for the loan
- The confirmed Chipkie loan terms
- Electronic signatures and a downloadable document
Optional US family loan contract
A family loan contract built from your terms
Create and track a loan between family or friends for free. When you want the agreed terms recorded in one signed document, add a personalized family loan contract for a one-off US$4.95 fee.
US$4.95 once per contract. No subscription. Free tracking remains available without one.
One clear reference for both people
Money arrangements are easier to manage when the lender and borrower can see the same terms. Chipkie generates the contract from the loan details entered and confirmed in the platform.
Free tracking still includes
- Creating a repayment schedule
- Inviting the other person
- Recording repayments manually
- Viewing progress, reminders and loan history
- No contract purchase requirement
How it works
1
Set up the loan
Enter the amount, repayment schedule, interest settings and the people involved. Creating and tracking the loan is free.
2
Review the repayment plan
Check each payment, total interest and estimated final payment date. Use the regional calculator to compare scenarios.
3
Add the optional contract
Choose the contract option and pay US$4.95 once. There is no recurring contract charge.
4
Review and sign
Each party receives an electronic signing invitation. Everyone should read the finished document carefully before signing.
Important: Chipkie does not decide whether a rate or term is suitable and cannot guarantee repayment, enforceability or a particular legal or tax result. Interest-free and below-market family loans can have federal tax consequences, while state rules may also matter. Consider independent tax or legal advice for your circumstances.
Frequently asked questions
Do I need to buy a contract to use Chipkie?
No. You can create and track a family loan for free. The signed contract is an optional one-off add-on.
How much does it cost?
The current price is US$4.95 once per contract. It is not a subscription.
Is this a blank template?
No. Chipkie generates the document from the loan information entered and confirmed in the platform. It is not a blank document offering unlimited custom clauses.
How does electronic signing work?
Each party receives a signing invitation and should review the document before signing. The completed document is kept with the Chipkie loan record.
Does signing guarantee enforceability?
No. The result depends on the wording, signatures, capacity, circumstances and applicable law. Obtain independent advice when needed.
Can the loan be interest-free?
Chipkie lets you model and record a 0% loan, but choosing 0% does not determine the legal or tax treatment. Federal below-market-loan rules, the IRS Applicable Federal Rate and state requirements may still be relevant.
Ready to put the terms in writing?
Create the loan, confirm the repayment plan and choose the optional contract when it is right for you.