How to sign a private loan agreement
A loan between private parties should always be put in writing and signed. Doing it online is fast and leaves a clear record of the agreed terms.
Is signing it electronically valid?
Yes, a loan agreement is a private contract and can be signed electronically. Keep in mind that interest and certain formalities vary by country, so it's worth clearly stating terms and amounts.
How to do it
Upload the PDF with the loan terms, enter the other party's email and send it. They sign from their phone and confirm with a code. Both end up with the signed contract and its audit trail.
Peace of mind for both parties
Keeping the loan documented and signed avoids misunderstandings and backs who agreed to what, with date and verification.
Frequently asked questions
Is electronically signing a private loan valid?
Yes. A loan between private parties is a private contract and electronic signatures are legally recognized. What matters is that the document states the amount, the term, any interest and the repayment terms, and that the audit trail records both signatures.
How do we sign it if we're not in the same place?
Upload the contract as a PDF, place the lender's signature area and the borrower's, enter both emails and send. Each signs from their phone and the final document includes the certificate with both signatures' details.
What protection does it give against non-payment?
The signed document with its certificate proves the agreement existed, on what terms and who accepted it, with verifiable date and time. It doesn't guarantee repayment, but it's the documentary basis for claiming it.
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