Comprehensive loan agreement to settle terms relating to repayment of a loan. The loan can be secured by anything you choose.
About this document
This is a secured loan agreement. The most common securities are stocks and shares. It is common also to use a guarantor as security. We have drawn documents for these specific situations which are linked right. If your situation requires a loan secured on anything else, use this document.
This agreement comes with two supplementary schedules, which ensure the practicalities of the loan are provided for. They address, for example, exactly what repayments shall be made, how and when.
This document is suitable for use in any country which uses the common law system.
Application
and features
Alternative draw down arrangements
Ready for adaptation to particular needs of either or both parties
Comprehensive provisions provide ideas
Real law in simple English
Flexible: can be secured on anything you agree
Contents
Structure of the agreement;
Alternative draw down arrangements;
Essential information for the lender;
Repayment: how, when and by whom.
Interest payment arrangements: how, when and by whom
Method of payment;
Provision for default situations;
Borrower’s warranties.
Extensive notes to guide you
Other legal provisions to protect your interests
Word
Count (approximate):
Document: 2145
words
Explanatory notes:
160
words
Draftsman
This document has been drawn by Rakesh Taneja, unconnected with Net Lawman. Rakesh Taneja will welcome your contact for further legal help. There may be a charge for Rakesh Taneja services.
