Document background
The Standard Loan Agreement Between Friends is designed for use in the Netherlands when individuals wish to formalize a monetary loan arrangement with someone they have a personal relationship with. This document type bridges the gap between informal lending and legal protection, providing a structured framework that complies with Dutch civil law while maintaining the flexibility needed for personal arrangements. It becomes particularly relevant when friends need to document loans for purposes such as home improvements, business ventures, or personal expenses. The agreement includes essential provisions required under Dutch law such as clear identification of parties, loan terms, repayment schedules, and any applicable interest rates, while also addressing specific considerations for maintaining friendships through clear communication of expectations. This template is especially useful for loans exceeding nominal amounts where parties want to ensure clarity and prevent future misunderstandings while maintaining the informal nature of their relationship.
