Get on the same page with a personalised loan contract
Formalise the loan terms and agreed on the payment schedule with a loan contract. It’s the smart thing to do, and it will give greater peace of mind.
Relax, you have it covered with a personalised loan contract for your friend and family loan
Diving into a loan without a contract is like surfing without knowing how to swim. It’s risky, and you need a safety net. That safety net? A solid, well-drafted contract.
You should consider a written contract whether you’re borrowing or lending a few dollars or a significant sum. It’s not just a piece of paper; it’s your financial (and relationship) safeguard, helping navigate the loan process together with clarity.
Contract features
Get on the same page, from the very start, with a personalised loan contract.
- Personalised to your loan including the amount, duration, payment schedule and interest (if applicable).
- Terms and conditions outlining what happens if things don’t go according to plan.
- Facilitated process for digital signatures.
- Digital storage with easy accessibility from your dashboard.
$14.95/one-off fee
Why we recommend a contract
Clarity and Certainty: A contract is like a clear map through your loan. It lays out the route, showing you the terms of the loan, repayment schedules, interest rates, and any other important details. This means no surprises along the way.
Legal Protection: A contract provides a legal framework that protects both the borrower and the lender. If disputes or misunderstandings arise, the contract serves as a reference point, helping to resolve issues more efficiently and fairly.
Evidence in Writing: Remember the saying, “A verbal agreement isn’t worth the paper it’s written on”? It’s spot on! A written contract is tangible proof of the agreement terms.
Promotes Responsibility: A contract is a reminder of your commitments. It’s like having a personal trainer for your finances, keeping you accountable for repayments and helping you stay on track with your financial goals.
Financial Planning: A clear contract allows you to plan your finances better. You’ll know exactly how much you need to repay and when, making budgeting easier.
Convinced a contract is the right way to go?
Awesome! You’ve made a great choice; now let us take care of the rest! Click the link below to get started, and we’ll manage the generation and finalisation of the contract, giving you peace of mind and clarity.