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Sample Letter to Borrow Money from a Friend in 2022

Today I will show you how to borrow money from a friend message. I will also share a sample letter for borrowing money from a friend in 2022.

There comes a time in life when we all need some extra cash. This period can be incredibly stressful if you are not financially stable or have a little credit history to borrow money.

However, there is no need to worry any longer, as by preparing a sample letter to borrow money from your friend, you will gather enough arguments and evidence that should convince your friend to give you the money you need.

How do I write a letter to borrow money from a friend?

To make things easier for you to prepare your letter below is a general outline of all the information that you should include in it:

  1. The reason you are requesting money;
  2. Your current financial situation;
  3. Why your friend should trust you to return the borrowed funds (assurances);
  4. A date on which your friend should expect to receive the money-back;
  5. A request for a specific amount or a sign of how much you want to borrow.

So, let’s get to the sample message asking for financial help.

Sample letter to borrow money from a friend

To borrow $1500 from my friend, John, here is what I am going to write in my letter for borrowing money:

My Dear John,

I’m writing this letter because I need to ask a huge favor from you. As you know, I have been struggling financially for the last few months, which is why I could not send you back your money from the dinner we had together.

Sadly, my financial situation has not improved since then, and that is why I urgently need some extra cash to get through this month. Because you are my friend, I know you will not mind helping me out of my current plight, even though we have not talked in a while, and that is why I am asking you for a loan.

I promise to pay back the money by Friday, March 27th, because I do not want to keep it from you any longer than thaI know that if I don’t return it by then, you will think less of me.

I would appreciate it if you could help me out this time because my family and I are in deep financial trouble. All I need is $1500 to get back on track again.

Thank you very much for your consideration, and I look forward to hearing from you as soon as possible.

Kind regards,


That’s my sample letter asking for financial assistance from a friend.

What to expect after sending the letter

After you send the letter to borrow money from your friend, expect:

  • Your friend will give you a positive reply, which means they have agreed to lend you the money. Because your situation is genuine and urgent, most likely your friend will not refuse;
  • If there is no reply from your friend even after a week, then they might be busy and will probably reply to your letter in a few days;
  • Do not take it personally if you get a negative reply and your friend refuses to lend you the money. Remember that it is their choice to either help you or not, but try to avoid asking them again for money in the future.
Stacy Ambani
Stacy Ambani
I used to work at a Fintech Startup. I'm currently pursuing my passion for writing and blogging by working on this website full-time.


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