Get on the same page with a personalised loan contract
Formalise your loan terms and lock in the repayment schedule with a signed contract — then let Chipkie handle the tracking, the reminders and the awkward conversations for you. It's the smart thing to do, and the peace of mind is worth far more than the one-off fee.
Relax — you're covered, with a personalised contract for your friends-and-family loan
Lending without a contract is like surfing without knowing how to swim — risky, and no safety net. A solid, personalised agreement is that net.
Whether it’s a few pounds or a serious sum, putting it in writing protects both the money and the relationship. And with Chipkie, the contract is just the start: once it’s signed, we track every payment, match receipts, keep your records tax-ready for HMRC, and step in with gentle reminders if a repayment is ever missed — so you never have to chase anyone yourself.
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Everything you get with a Loan Contract
Intro line: Get on the same page from day one — then let Chipkie do the heavy lifting.
- Personalised, signed contract — built around your loan (amount, duration, repayment schedule and interest, if any), with terms covering what happens if things don't go to plan
- Digital signing & secure storage — both parties sign online; the PDF lives in your dashboard, downloadable anytime
- Full amortisation schedule — see exactly how each payment splits between interest and principal
- Early-payoff calculator — model extra or lump-sum payments and see the interest you'd save
- Smart receipt matching — Chipkie reads uploaded receipts and awards Silver & Gold "Chipkie Approved" tiers, so there's never a "did you actually pay?" dispute
- Tax-ready annual summary — interest statements (PDF/CSV) built for HMRC self-assessment
- Awkward Chats — we handle the awkward for you, escalating gently from Friendly → Neutral → Firm
- Court-ready evidence pack & letter before action — every payment, receipt and the signed agreement bundled with small-claims guidance for England & Wales, ready if it ever comes to that
£3.95 /one-off fee
Why we recommend a contract
Clarity and certainty: A contract is a clear map through your loan — terms, repayment schedule, interest and the details all laid out. No surprises.
Protection in writing: It gives both borrower and lender a reference point. If a misunderstanding arises, the agreement — plus Chipkie’s full payment ledger and receipt trail — helps resolve it quickly and fairly.
Evidence that holds up: “A verbal agreement isn’t worth the paper it’s written on.” A signed contract, backed by Chipkie’s tamper-evident records and court-ready evidence pack, is tangible proof of what was agreed.
Promotes responsibility: It’s a standing reminder of the commitment — and Chipkie’s automated reminders keep everyone accountable without you having to nag.
Easier financial planning: You’ll know exactly how much is due and when, with an amortisation schedule and early-payoff calculator to plan around.
No more awkward conversations: Chipkie sends the reminders for you and steps them up gently if needed — so chasing repayment never falls on you.
Convinced a contract is the right way to go?
Great choice — now let us take care of the rest. We’ll generate and finalise the contract, then track the whole loan for you. Clarity, records and peace of mind, all for a one-off £3.95.