Here is a sample template you can use to write an agreement letter to borrow money.
This letter is a formal agreement between [company/individual] and [company/individual] in terms of money borrowed on [date] from [company/individual] by [company/individual].
The [company/individual] is under an obligation to repay the amount as stated in the attached agreement within [date]. All the installments shall be cleared within the [date] of every month, failure in repayment shall lead to serious consequences and confiscation of the property mortgaged on this agreement.
The disbursement of installments shall be made via bank transfer. Please share a signed copy of the agreement for our records.
Reach out to us for questions or concerns if any.