Loan Agreement (Casual) | Casual Loan Agreement Contract Form

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Casual Loan Agreement

A Loan Agreement regulates the relationship and repayment terms between a lender and borrower of money.

Although there is no legal requirement that a loan agreement be in writing, this is the only way the terms of the loan can be properly governed, with no chance of ambiguity.

This Casual Loan Agreement is a far shorter, less strict version of the longer loan agreement we have available. This might be better suited to loans between friends or close parties for example.

Included in this Contract

All the basic aspects of a loan agreement including:

  • Events of default and repercussions if the borrower fails to make repayments on time;
  • Dispute resolution processes;
  • Certain undertakings and warranties provided by the borrower;
  • Cost recoupment in the event of the borrower defaulting and the lender seeking legal help to recover the amounts owing.

And gives you the possibility to choose variations of the following clauses:

  • Capital amount lent;
  • Interest rates of repayment;
  • Repayment dates.

If you are in need of a Loan Agreement that is a lot stricter, take a look at:

How does it work?

When you start the questionnaire, you will be guided through the questions with the helping hand of explanations and additional information. Based on your answers, the Loan Agreement will be tailor-made by our system. If you log in or create an account, you can also save the progress of the questionnaire and come back later.


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Further Reading

Read more about How to Reduce and/or Postpone your Rental Payments due to Covid-19/Lockdown, click here

Barter McKellar Law

This document is supplied by Barter McKellar Law.

Barter McKellar is a boutique law firm which offers bespoke legal solutions that make legal, personal and business sense. We practice law because we thrive off solving legal problems (simple or complex) and providing our clients with peace of mind. No matter what your legal needs are, we are able to assist you as a trusted legal partner. We pride ourselves on giving our clients the best legal advice and legal solutions that make practical and commercial sense. We give you the tools and guidance that you need to help you and your business grow and our services and fees are tailored to suit your specific needs