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. |
|