Family Loan IOU
Family Loan IOU (I OWE YOU)
Date: March 2, 2051
1. Lender’s Details:
Name: Katherine Martinez
Address: 4749 Langtown Road, Baldwin IA 52207
Phone Number: 222 444 1111
2. Borrower’s Details:
Name: [YOUR NAME]
Address: 1093 Hazelwood Avenue, Des Moines IA 50315
Phone Number: 222 555 7777
3. Loan Amount:
Total Amount Loaned: $2,000
4. Purpose of Loan:
Emergency Financial Assistance for medical bills
5. Repayment Terms:
Repayment Amount: $200 per month
First Payment Due Date: January 2, 2051
Final Payment Due Date: April 5, 2051
6. Interest Rate (if applicable):
Interest Rate: 0%
7. Additional Terms:
Late Fees: $15 per missed payment
Prepayment: Borrower may repay the loan early without penalty.
8. Signatures:
By signing below, both parties agree to the terms and conditions outlined in this IOU.
Katherine Martinez
Lender
March 2, 2051
[YOUR NAME]
Borrower
March 2, 2051
