New Zealand Law
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This can depend on the amount and whether you have security for the loan. An oral agreement may work if the loan is small and you trust your friend. But you can draw up a brief loan agreement which sets out the loan, the interest and the due date and any dates for instalments. Or if this is something where security is needed you can register a Personal Security against his car or assets, or get an agreement to mortgage if he owns land and get a caveat to support the loan. So for the last two options you should use a lawyer. Let me know some more details and i can suggest which is best for you