To make an IOU for an individual loan, there must be elements such as the creditor's name, loan amount, interest calculation, repayment time, liquidated damages, dispute resolution method, debtor's name, loan date and so on.

1. Legal full names of the borrower and lender.

2 loan amount, including the amount in words and figures.

3 loan term, including the start and end date of the loan and a clear loan term.

4. Specific repayment date.

5. The loan interest should have a clear annual interest rate or monthly interest rate, and the final total loan interest payable (including the amount expressed in words and figures).

6. The date, month, day, time and payment method of repayment of loan principal and interest.

7. There should be the borrower's personal signature, handprint or handwritten signature.

Extended data:

A written document indicating the relationship between creditor's rights and debts is generally written and signed by the debtor, indicating that the debtor has owed the creditor the amount indicated in the IOU. After the money and goods are returned, the bill is revoked or torn by the bill holder. This is a document. Usually used in daily life and business management.

From a legal point of view, an IOU is a written document showing the relationship between creditor's rights and debts, which is generally written and signed by the debtor, indicating that the debtor has owed the creditor the amount indicated on the IOU.

Baidu encyclopedia-IOUs