Contents required for a legally effective IOU:
1. The full legal names of the borrower and lender shall be clearly written;
2. The loan amount shall be clearly written, including the amount in words and figures;
3. The loan term shall be clearly written, including the beginning and ending date of the loan and the definite loan term;
4. The specific date of repayment shall be clearly written;
5. The loan interest shall be clearly written, including the annual or monthly interest rate, and the total amount of the loan interest finally payable (including the amount in words and figures);
6. The time and payment method of principal and interest repayment shall be clearly stated;
7. The borrower shall have his own signature, seal, or handwritten signature.
[Legal Basis]
According to Article 668 of the Civil Code, the content of a loan contract generally includes terms such as the type, currency, purpose, amount, interest rate, term and repayment method of the loan.