Standard loan agreement suitable for individuals and
businesses. Note, the loan is not secured, therefore this
agreement might be better suited to a borrower
About this document
There is little or no statutory regulation in this area – this is freedom of contract in its finest form - that is, the you and the other party can make more or less what deal you choose.
The document has been drafted for use by individuals, however, can also be used by limited company with only a tiny alternation. There are a very large number of variables and you can choose to settle your agreement to strongly favour one side without reducing the precision of the agreement.
Who will use this document?
A person or company lending or borrowing money irrespective of any business they are involved in.
Application
and features
Provides for alternative draw down arrangements and provision of information to the lender – you choose
Suitable for use in New Zealand, Australia or overseas
Ready for adaptation to particular needs of either or both parties
Comprehensive provisions provide menu from which you can choose
Plain English – as in all Net Lawman documents
Contents
The structure of the loan
Alternative draw down arrangements
Provisions of information to lender
Repayment and interest payment arrangements
Method of payment
Provision for default situations
Borrower’s warranties
Word
Count (approximate):
Document: 1440
words
Explanatory notes:
320
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
