The contents of the loan contract include the loan type, currency, purpose, amount, interest rate, term and repayment method.
For example:
1, write up, head is the title, and write "IOU" in the middle.
2. The legal names of the borrower and the lender should be written on the IOU, and the names cannot be replaced by lowercase or nicknames, otherwise the IOU will not be protected by law.
3. When writing IOUs, you can ask the borrower to attach the ID number after the legal name to avoid mistakes.
4. Write down the loan amount in detail, and the figures should be capitalized.
5. Write down the loan term, loan interest rate and repayment amount due.
6. After the IOU is written, be sure to watch the borrower personally sign and seal the IOU, and no one else can sign it.
Standard format of IOUs:
1, the title must be written with the word IOU, and it must not be mistakenly written by others on purpose. Special attention: although the money is in the hands of others, the legal result is completely different;
2. Be sure to specify the loan term and amount. Special attention: verify whether the figures are consistent. If the figures are inconsistent, amount in words shall prevail in judicial practice;
3. Be sure to write the correct lender's name and ID number, and at the same time, be sure to indicate the borrower's name and ID number to avoid problems such as verifying whether the borrower's identity is duplicate in case of dispute;
4. If you are not sure when to ask the borrower to return it, it is recommended that the lender not write the date of return, so as to ensure the 20-year limitation and not be unable to recover the limitation because of temporary forgetting.
If you need interest, you must make it clear. According to the law, if the interest is not clearly agreed, if the interest is required to be paid when returning, it will not be supported;
6. It is best to copy the front and back of the borrower's ID card on A4 paper, put it on the lower right of the paper, and then write the debit note on it, and press the fingerprint.