Private loan between friends or family
Amount, repayment, and interest in writing - plus confirming the handover of cash.
Lending money to someone you trust still deserves a signed record. A private loan agreement states principal, schedule, interest if any, and what happens if payment is late - without turning a favor into a guessing game.
Loan vs gift
Tax and family dynamics differ when money is a gift versus a loan. Write the intent clearly. If interest applies, note the rate and calculation method in plain language.
Confirm the transfer
On the day funds move, sign a money handover confirmation alongside the loan agreement. Bank transfers can use the confirmation as a companion PDF even when the trail exists in the app.