Family Loan Management

Lend to Your Kids the Right Way.

Family loans are a beautiful act of trust. Make them official with the legal documents and IRS-compliant tools that protect everyone — and keep the relationship strong.

Share:
Parents and adult child smiling while discussing family finances together

Everything You Need, Legally.

Five ready-to-use templates that cover every aspect of a proper family loan.

Template

Promissory Note

A legally binding promise to repay — the cornerstone of any formal loan.

View Document →
Template

Loan Agreement

Full terms and conditions: amount, interest rate, repayment schedule, and default provisions.

View Document →
Template

Gift vs. Loan Declaration

Clearly establishes the transfer as a loan, not a gift — critical for IRS purposes.

View Document →
Template

IRS AFR Compliance Notice

Documents that your interest rate meets or exceeds the IRS Applicable Federal Rate.

View Document →
Template

Repayment Schedule Agreement

A signed acknowledgment of the payment timeline both parties agree to follow.

View Document →

Every Family Situation Is Different.

Choose the loan structure that fits your family's needs.

1

Fixed Monthly Payments

A classic amortizing loan — equal monthly payments that cover both principal and interest. Predictable, simple, and easy to track.

2

Interest-Only with Balloon

Your child pays only interest each month, then repays the full principal at the end of the term. Great for kids building their financial footing.

3

No-Interest Gift Loans

For loans under the IRS gift loan threshold — no interest required, but proper documentation still protects everyone involved.

4

Flexible / Custom Repayment

Life happens. Set a custom repayment schedule that works for your family's unique circumstances and timeline.

Simple Steps, Serious Protection.

1

Choose Your Loan Type

Pick the structure that fits — fixed, interest-only, no-interest, or flexible.

2

Download the Documents

Get all five legal templates, pre-filled with your loan details and ready to sign.

3

Track Payments with Excel

Use our amortization spreadsheet to log every payment and stay organized at tax time.

Ready to Make It Official?

Your family deserves the clarity and protection that comes with doing this the right way.

Parent Lendo

Helping families lend with confidence — the right documents, the right way.

Stay Updated

Get notified when IRS AFR rates change and when we add new document templates.

No spam. Unsubscribe anytime.

Parent Lendo provides document templates for informational purposes only. These templates do not constitute legal or tax advice. Consult a qualified tax or legal advisor before entering into any loan agreement.

© 2026 Parent Lendo. All rights reserved.

Not a law firm. Not a financial advisor. Just a helpful tool.