Answer three questions. Get a clear, plain-language loan agreement that's legally sound in your province. Both of you sign online. Everyone relaxes.
Who, how much, and how it gets paid back. Charging interest is optional — and if you do, we make sure it's written the legally correct way.
They read the exact same document, in plain language. They can sign, or ask for a change. You see every step — sent, opened, signed.
You each get the final locked PDF plus a certificate showing who signed, when, and proof the document was never altered. That's what holds up.
Canadian loan law has quiet traps that generic templates — usually written for the US — walk straight into. Lend Right checks every agreement against the rules of your province before anyone signs.
Write "2% per month" without stating the annual rate, and Canadian law can cap what you're owed at just 5% a year — not the 24% you meant. We compute and insert the correct annual disclosure for you.
Since 2025, interest above 35% APR is a criminal rate in Canada. We check your rate before the document is ever created — a template just lets you sign something unenforceable.
A signer under the age of majority — 18 or 19, depending on the province — can usually walk away from the contract. We verify both signers are of age in their own province.
Many free "IOU" templates are actually promissory notes — which generally shouldn't be e-signed at all. We generate a proper loan agreement, the format that's valid to sign online.
If things ever do go wrong, your signed agreement is exactly the evidence small claims court asks for — and in most provinces, small claims covers family-loan amounts without needing a lawyer (up to $50,000 in Ontario, $100,000 in Alberta).
Yes. Electronic signatures are recognized federally and in every province for ordinary contracts like loan agreements. What makes a signature hold up is the proof around it — identity verification, timestamps, and evidence the document wasn't altered — which is exactly what the certificate provides.
An agreement can't force anyone to pay — what it does is remove every escape hatch. "I thought it was a gift," "we never agreed on a date," "that's not what we said" all disappear. If it ever reaches small claims court, a signed agreement with a verified signing record is the strongest evidence you can bring, and most provinces let you file without a lawyer.
It usually feels the opposite once it's done. A clear agreement says "I take this seriously and I want us to stay good." The plain language helps — it reads like something a person wrote, not a threat from a law firm. Many borrowers are relieved: now they know exactly what's expected.
No. Lend Right is a self-help document tool — you make every decision, and the software assembles lawyer-reviewed language and runs compliance checks. For complicated situations (large amounts, security on property, business loans), talk to a lawyer. We'll tell you when something looks beyond what a simple agreement should handle.
Quebec has its own electronic-document framework and French-language requirements, and we're building it properly rather than quickly. We're launching in Ontario first, with Quebec support to follow. Leave your email and we'll tell you the moment it's ready.
Yes, optionally — and this is where we earn our keep. We make sure the rate is written the legally correct way (annual disclosure included) and that it's under Canada's criminal-rate ceiling. Most family loans skip interest entirely, and that's fine too.
Four minutes now saves the money, and the relationship, later. Drafting is free.