Free IOU for Family Member Template
IOU for Family Member (I OWE YOU)
Date: September 5, 2050
Issuer (Borrower) Information:
-
Name: [YOUR NAME]
-
Address: 789 Elm Street, Springfield, IL 62704
Recipient (Lender) Information:
-
Name: Laura Johnson
-
Address: 101 Pine Road, Springfield, IL 62704
Amount Borrowed:
$3,500.00
Repayment Terms:
-
Date of Loan: September 5, 2050
-
Repayment Deadline: September 5, 2051
-
Interest Rate: 4% per annum (compounded annually)
Details of the Loan:
-
Total Amount to be Repaid: $3,640.00 (including interest)
-
Payment Schedule: Monthly payments of $303.33 starting October 5, 2050
-
Method of Payment: Bank transfer to Laura Johnson's account
Signatures:
[YOUR NAME]
Borrower
September 5, 2050
Laura Johnson
Lender
September 5, 2050
