Here is a sample agreement letter to borrow money.
[Date]
To
[Recipient Name]
Subject: Agreement to Borrow Money
Dear [Recipient Name],
This loan agreement is entered into between [Your Name] and [Recipient Name] for [Lender’s name] lending an amount of [Amount] to [Borrower Name]. Both parties have agreed to an interest rate of [Number] percent, and the dates of repayment have been set on [Date] of each month. The interest will be accrued every month.
Late payments will be taken into consideration along with a late fee of [Number] percent. The amount of money agreed upon is fixed and not subject to change.
Sincerely,
[Your Name]
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