I OWE YOU (IOU) 

1. THE PARTIES. This I Owe You made on _______________, 20____ is by and between:

Borrower: _______________, with a mailing address of

______________________________, (“Borrower”), and

Lender: _______________, with a mailing address of

______________________________, (“Lender”).

2. LOAN TERMS. The Lender agrees to lend the Borrower under the following terms:

a. Principal Amount: $_______________

b. Interest Rate: ____% compounded per: (check one)

☐ - Month

☐ - Annum

☐ - Other: ______________________________

c. Borrower to Receive the Borrowed Money on: _______________, 20____ Hereinafter known as the “Borrowed Money.”

3. PAYMENTS. The full balance of the Borrowed Money, including all accrued interest and any other fees or penalties, is due and payable in: (check one)

☐ - A LUMP SUM. The Borrower shall repay the Borrowed Money as a lump sum, in full, in the amount of $_______________ (principal and interest) by _______________, 20____ (“Due Date”).

☐ - INSTALLMENTS. Borrower shall pay principal and interest installment amounts equal to $_______________ with the first (1st) payment due on _______________, 20____ and the remaining payments to be paid: (check one)

☐ - Weekly with any remaining balance payable on _______________, 20____ (“Due Date”).

☐ - Monthly with any remaining balance payable on _______________, 20____ (“Due Date”).

☐ - Quarterly with any remaining balance payable on _______________, 20____ (“Due Date”).

Lender Signature: ____________________________ Date:

____________ Print Name: ____________________________

Borrower Signature: ____________________________ Date:

____________ Print Name: ____________________________

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