Loan To Family Member Agreement Template for Hong Kong

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Loan To Family Member Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Loan To Family Member Agreement

"I need a Loan To Family Member Agreement for lending HKD 500,000 to my son for his first property purchase, with monthly repayments starting March 2025 and including provisions for payment holidays in case of financial hardship."

Document background

The Loan To Family Member Agreement is essential when family members wish to formalize financial arrangements in Hong Kong. This document is particularly relevant when substantial sums are involved or when clarity is needed to prevent future misunderstandings. It combines legal enforceability under Hong Kong law with consideration for family dynamics, making it suitable for various scenarios from helping with property purchases to business investments. The agreement includes key elements such as loan terms, repayment schedules, and any applicable interest, while also addressing unique family considerations like hardship provisions and simplified dispute resolution procedures. It's designed to protect both parties' interests while maintaining family harmony, and can be especially important for tax purposes and estate planning.

Suggested Sections

1. Parties: Identifies the lender and borrower with their full legal names, addresses, and relationship to each other

2. Background: Explains the context of the family loan and confirms the intention to create legal relations despite the family relationship

3. Definitions: Defines key terms used throughout the agreement

4. Loan Amount and Purpose: Specifies the exact amount being lent and the intended purpose of the loan

5. Interest Rate: States whether interest applies and if so, the rate and calculation method

6. Repayment Terms: Details the repayment schedule, including payment amounts, frequency, and final repayment date

7. Method of Payment: Specifies acceptable payment methods and account details for transfers

8. Early Repayment: Outlines the borrower's right to repay the loan early and any associated conditions

9. Default: Defines what constitutes a default and the consequences

10. Representations and Warranties: Basic statements about the parties' capacity to enter into the agreement

11. Governing Law and Jurisdiction: Confirms Hong Kong law governs the agreement and Hong Kong courts have jurisdiction

Optional Sections

1. Security: Include when the loan is secured against specific assets

2. Death or Incapacity: Include provisions for what happens if either party dies or becomes incapacitated

3. Interest Grace Periods: Include if there are circumstances where interest might be suspended or reduced

4. Loan Forgiveness: Include if there are conditions under which part or all of the loan might be forgiven

5. Payment Holiday Provisions: Include if the borrower might need temporary suspension of payments

6. Dispute Resolution: Include specific family-oriented dispute resolution procedures before legal action

7. Financial Hardship Provisions: Include procedures for handling financial difficulties

8. Deed of Priority: Include if there are other loans or charges that need to be considered

Suggested Schedules

1. Schedule 1 - Repayment Schedule: Detailed breakdown of payment dates and amounts

2. Schedule 2 - Security Details: Description of any assets provided as security (if applicable)

3. Schedule 3 - Guarantor Details: Information about any family members acting as guarantors (if applicable)

4. Appendix A - Family Loan Statement: Template for recording payments made and balance outstanding

5. Appendix B - Default Notice Template: Standard form for notifying of payment defaults

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Private Banking

Family Office

Wealth Management

Real Estate

Small Business

Personal Finance

Legal Services

Family Business

Professional Services

Relevant Teams

Legal

Wealth Management

Private Banking

Family Office

Personal Banking

Estate Planning

Financial Advisory

Risk Management

Compliance

Customer Relations

Relevant Roles

Family Office Manager

Private Banker

Wealth Manager

Legal Counsel

Estate Planner

Financial Advisor

Tax Consultant

Family Business Advisor

Trust Officer

Relationship Manager

Personal Banking Manager

Family Law Specialist

Find the exact document you need

Transfer Of Rights Agreement

A Hong Kong law-governed agreement facilitating the formal transfer of rights, assets, or interests between parties, with specific provisions for enforcement under Hong Kong jurisdiction.

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Loan To Family Member Agreement

Authors

Alex Denne

Find the exact document you need

Transfer Of Rights Agreement

Loan To Family Member Agreement

Copyright Transfer Agreement Form

Technical Proposal For Consultancy Services

Commercial Lease Agreement Termination Notice

License To Use Trademark

Bond Subscription Agreement

Lease To Own Commercial Property

Transfer Of Intellectual Property Rights Agreement

Assignment Of Intellectual Property Rights

Ownership Letter For Property

Interview Waiver

Software Supply Agreement

Software Scope Of Work

Transfer Agency Agreement

Simple Trademark License Agreement

Intercompany Balance Confirmation Letter

Technology Partnership Agreement

Right Of Way Access Agreement

Lease Surrender Letter

Inter Credit Agreement

Debt Agreement Letter

Assignment Of Limited Partnership Interest

Assignment Of Lease By Tenant

Assignment Of Leases And Rents

Assignment Of Lease By Lessor

Vehicle Loan Agreement

Assignment Of Lease Contract

Promissory Note Settlement Agreement

Franchise Operating Agreement

Equity Sale Agreement

Car As Is Sale Agreement

Company Shareholder Agreement

Title Sponsorship Agreement

Sales Non Compete Agreement

Land Tenancy Agreement

Capital Contribution Partnership Agreement

Assignment Of Lease By Landlord

Funds Flow Memorandum

Technology Sharing Agreement

Simple Business Agreement Contract

Receivables Sale Agreement

Intercompany Lease Agreement

Shareholder Termination Agreement

Partnership Interest Purchase Agreement

Money Settlement Agreement

Bill Of Sale And Purchase Agreement

Debt To Equity Conversion Agreement

Software License Subscription

Small Business Shareholder Agreement

Employee Training Reimbursement Agreement

Business Sale Non Disclosure Agreement

Transfer Of Authority Letter

Data Subject Consent Form

Contract To Supply Goods

Cessation Letter

Professor Evaluation Form

Note Subscription Agreement

Master Trade Agreement

Transfer Acknowledgement Letter

Business Asset Purchase Agreement

Project Termination Letter

Membership Interest Purchase Agreement

Stock Transfer Contract

Security Sharing Agreement

Money Transfer Agreement

Assignment And Novation Agreement

Intra Group Loan Agreement

Equity Transfer Agreement

Assignment And Transfer Agreement

Asset Transfer Agreement

Partnership Termination Agreement

Transfer Of Ownership Agreement

Property Transfer Affidavit

Assignment Of Shares Agreement