About The Australian IOU Kit

Using the IOU kit is easy and very straight forward to use, there are 8 steps to follow, in summary the steps are:

Step 1

Fill in the date, month and year the agreement is made.

Step 2

Fill in the full name of the person lending the money and the person’s address.

Step 3

Fill in the full name of the person receiving/ borrowing the money and the person’s address.

Step 4

Insert the amount of the loan.

Step 5

Insert the number of months or years the loan is for.

Step 6

Fill in how much the repayment amounts are.

Step 7

If there is interest charged on the loan, fill in the interest rate.

Step 8

Both the borrower and lender need to sign the Loan Agreement.

 
 
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