Standard IOUs shall include the following contents:
1. Write down the full legal names of the borrower and lender.
2. Write down the loan amount clearly, including the amount in words and figures.
3. Write clearly the term of the loan, including the start and end date of the loan and a clear term of the loan.
4. Write clearly the interest of the loan, have a clear annual interest rate or monthly interest rate, and finally pay the total interest of the loan.
5. The repayment date, month, day, time and payment method of the loan principal and interest should be clearly written.
6. There should be the borrower's personal signature, handprint or handwritten signature.
I. Matters needing attention in individual loan contracts include:
1. Attach the borrower and the borrower's ID number to the receipt to avoid unnecessary disputes;
2. When the borrower signs, the lender must see his signature with his own eyes to prevent the borrower from signing with others, and finally refuse to recognize the loan;
3. The writer of the IOU must be the borrower, not the lender, otherwise the borrower will plead with contents other than the original;
4. Try to avoid using language that is prone to disagreement.
Second, what is the signing process of the loan contract?
1. Lenders and borrowers need to negotiate on loans; After both parties agree, draw up the loan contract documents with reference to the professional contract text format of the loan contract; The borrower fills in the loan application form; Lenders pay and borrowers take money; At the same time, the lender gets the loan.
2. The loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method. When concluding a loan contract, the borrower shall provide true information on the business activities and financial status related to the loan as required by the lender.
legal ground
People's Republic of China (PRC) Civil Code
Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.
Article 668 A loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.
Article 669 When concluding a loan contract, the borrower shall, at the request of the lender, provide the true information about the business activities and financial status related to the loan.
Article 679 A loan contract between natural persons is established when the lender provides the loan.