The basic contents of IOUs include: creditor's name, loan amount (local and foreign currency), interest calculation, repayment time, liquidated damages (deferred repayment), dispute resolution method, debtor's name, loan date and other elements. As long as you have the name of the creditor, the amount of the loan, the name of the debtor and the date of the loan, it meets the main conditions of the loan, so it has legal effect. Once a dispute arises, it can be used as evidence to claim creditor's rights to the people's court, and the people's court will accept it.

In addition, you can borrow money with this money, and you don't need to make an iou. After opening the Qianhua App, click Borrow Now → View the quota → Apply for a loan → The funds are received. It takes up to 4 steps to complete the loan, and the fastest time is 3 minutes.

This question is provided by Fuguihua, hoping to help you.