Frequently Asked Questions

With over 30 years of financial and lending experience, One2One Lending is dedicated to helping you be successful when arranging a loan between friends and family. We understand the delicate balance between a relationship and a loan and will work hard to help you preserve the value of both. By acting as your banking “back office” we help you add a degree of professionalism to your lending relationship. For more information see "About One2One Lending." One2One Lending supports you during the lending process. Our service allows you to build a loan, generate a promissory note together with a projected repayment schedule, propose the loan and manage the loan from begriming to end. One2One Lending generates a written, legal agreement (a promissory note) that includes a repayment schedule and a security agreement for collateral.

The Agreement Builder™ will guide you through the process of deciding which loan document to choose. Additional, the Resource Center will provide you with all of the information that you will need to choose interest rate, security, collateral and more.

To help create a private loan between two individuals, it is important to clearly outline the terms and conditions of the loan in a promissory note. This helps avoid confusion, which can lead to misunderstandings and disagreements. Important questions such as: what is the interest rate, when does the lender expect to be paid, can the borrower defer payments, what will the payments be, and will the loan be secured with collateral, are answered in One2One Lending Resource Center. Using One2One’s Agreement Builder™ to create a promissory note, the lender or borrower can outline any collateral and set up a payment schedule.

The process is simple and only takes a few minutes to complete. All of the documents can be immediately downloaded.

Changes can always be made by logging into your secure account. If you wish to make changes to your loan contract, just click the Edit button.

Just click on The Products page to see Agreement Builder’s™ and Forms MarketPlace costs for completing a loan document.

The Agreement Builder™ is a self guided process that walks you through the creation of a Promissory Note. The Forms Market Place provides “fill in the blanks” Promissory Note form for the do-it-yourselfer. Both are supported by One2One’s Resource Center.

In the unlikely event that you are unhappy with our services, One2One Lending’s Satisfaction Guarantee provides for your complete satisfaction. Just fill in our contact form within 60 days of purchase of your loan contract and your money will be immediately returned.

Try signing using a different browser or from another computer. If you are still having trouble printing the loan form, contact us.

Your information is saved to our secure database. At anytime during the process, The Agreement Builder™ can save your information and you may return at a later time to completely fill in your loan agreement.

Yes. We do not share or sell our customers information. Please see Our Privacy Policy.

One2One’s Promissory Note is a legally binding contract between the borrower and lender.

Yes. This is a legal agreement between two parties. If BOTH parties agree to change the terms of the promissory note during its term the interest rate, payment amount, due date, collateral and other terms and conditions can be changed to meet the current needs and conditions.

While there are some regulatory and legal guidelines you are always safe by checking the IRS Applicable Federal Rates at http://www.irs.gov/app/picklist/list/federalRates.html, or with Bank Rate.com for current market interest rates.

If you're alternative is using a credit card or a bank loan, make sure you know the interest rate and fees. Interest rates for credit cards may be as high as 20% or a car loan may be higher than 15%. Family and friends have each other in mind, and will probably charge much less. Additionally, the interest charged on the loan may be in excess of savings rates, which can be as low as 1%. Therefore, both the borrower and the lender can benefit from a private loan transaction.