Make an Alberta loan agreement for a loan between family or friends — built for Alberta’s rules, not a generic form. Free to draft, both of you e-sign on your phones, done in minutes.
A lawyer typically charges $450+. LendRight is free to draft; a one-time $29 finalisation fee applies only when the agreement is sent for signing — the person creating it chooses who pays.
A loan between family or friends is a binding contract in Alberta when it's clear enough to enforce. Alberta-specific points worth knowing:
LendRight builds all of this as you answer a few plain-language questions, with Alberta set as the governing province.
Draft your full agreement free.
Drafting is free. A one-time $29 finalisation fee applies only when the agreement is sent for signing — the person creating it chooses who pays.
An Alberta lawyer typically charges $450+ for a single agreement. Same enforceable result, a fraction of the cost.
Free templates and generic legal-form sites give you a one-size-fits-all document. The trouble is the things that make a family loan agreement unenforceable are invisible unless you know Canadian statute — an interest rate that quietly breaks the criminal cap, missing repayment terms, no proper signatures. LendRight is purpose-built for the family/friend case and flags these for you. If you want a broad library of every document type, a general service like LawDepot makes sense — but for a family loan done right, a focused tool is faster and simpler.
Free to draft. Both sign on your phones. Done in minutes.
Create my loan agreement →Yes. A loan between family or friends is a binding contract in Alberta if it identifies the parties, the amount, and the repayment terms, and both sides agree. A written, signed agreement is your evidence in the Alberta Court of Justice if needed.
Under Alberta's Limitations Act, generally two years from when the claim is discovered, restarting if a part-payment is made or the debt is acknowledged. A signed, dated agreement makes that timeline clear.
The effective annual rate must stay under the federal criminal interest cap of 35% APR. Many families use the CRA prescribed rate to avoid tax complications, or lend interest-free.
No, for an ordinary personal loan. Complex situations — loans secured against property, or large business loans — are worth a lawyer's review.
Who runs this: LendRight is a product of RULE8 Inc.
Last reviewed: July 3, 2026 by the LendRight Editorial Team.
Sources: Alberta: the Limitations Act (two-year discovery period); Alberta Court of Justice $100,000 civil limit; the Electronic Transactions Act; Criminal Code s. 347 (35% APR cap); CRA prescribed rate (3% for 2026).
Scope: self-help document automation for ordinary personal loans between individuals — not legal or tax advice, and no lawyer-client relationship is created. Get a lawyer for loans secured against property, business or investment loans, or anything touching a separation or an estate.
Electronic signing: e-signatures are recognized for ordinary contracts in Alberta; each agreement is finalized as a locked PDF with a tamper-evident certificate of signers and timestamps. A signed agreement is strong evidence — enforceability always depends on the facts of the loan.
LendRight provides self-help document automation, not legal advice, and no lawyer-client relationship is created. For complex situations, consult a licensed lawyer in your province.