Make sure lending to a family member or friend does not become a headache. ... There are two ways to do this - a promissory note and a detailed loan agreement . ... Though the basic format is the same, a few sentences are added or tweaked to change ... Interest-free loans are non-taxable for both lenders and borrowers.. This form is also known as: loan agreement, secured loan agreement, demand note. Build Document ... Promissory Note (United Kingdom) template free sample.. Create a Customized