This is our template version of the Loan Agreement, for a customisable version, you can have a look at ours here
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.
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;
- Common boilerplate clauses.
- Capital amount lent;
- Interest rates of repayment;
- Repayment dates.
If you are also interested in other Finance Documents, please check out:
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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