Loan agreement

Person to person; secured by guarantee
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Document overview

An agreement between a human individual lender and borrower. The loan is secured with a guarantee by a third party, who may be a friend, relative or business partner. It is likely to be used for family and friends loan arrangements as well as arms length business deals. Strong provisions to protect the lender. Options for alternative repayment provisions and lender actions if borrower defaults.
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Compliant with the latest law
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Document properties
  • Length:8 pages (1978 words)
  • Available in:
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About this loan agreement

This lawyer drawn agreement covers many critical corners of the law relating to loan agreements. It has been drawn to protect the Lender strongly. It provides for a guarantor but the option can be deleted if not required. We strongly advise a lender to insist on a guarantor.

There is no provision for a company lender or borrower in this agreement, nor for additional security. If those are required, see the selection at Loan agreement templates.

This is a simple but flexible agreement providing all the commonly required options.

When to use this loan agreement

  • The lender and the borrower are two individuals
  • Suitable for personal loans to family and friends
  • Either or both parties may be in New Zealand or abroad
  • Flexible for loans of any size and repayment terms of any complexity

The law in this loan agreement

There is little statutory regulation relating to an agreement of this nature, so you can make more or less the deal you choose.

Alternatives to this loan agreement

Net Lawman offers a variety of documents. Choose the one which suit you best.

The documents are:

Contents of this loan agreement

The contents of the agreement include:

  • Structure of the loan;
  • Alternative draw down arrangements;
  • Provision of information to lender;
  • Repayment and interest payment arrangements;
  • Provision for default situations;
  • Guarantor liability
  • Borrower's warranties;
  • Other important legal points.

Recent reviews

01 March 2023
The document template met our needs very well and the document review service was very prompt and thorough. Exactly what was needed. Thank you so much. I was being quoted over £2000 by a law firm to draw up the same agreement. I would highly recommend NetLawman to others.
Julie Galloway
Review of the United Kingdom version
14 August 2020
It was easy to use, arrived extremely quickly. I didn't use the checking service, but will the Company again if I need a legal document for a client.
Debbie Silvester
Review of the United Kingdom version
28 June 2018
Simple to read, understand and execute
Surinder Singh
Review of the Australian version
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