Loan Agreements For Individuals
Template: Unsecured Loan Agreement: person to person; private or business
What Net Lawman says about this template:
"This agreement can be used in any situation where the lender does not require or is willing to forgo security in case of default."
Template: Friends and Family Loan Agreement
What Net Lawman says about this template:
"This is a simple loan agreement suitable for lending to friends or family. Use this document when you need to record the loan, but where you have a high level of trust with the borrower."
Template: Loan Agreement: private borrower; secured on physical assets
What Net Lawman says about this template:
"This agreement sets out the terms of a loan to a person (not a company), secured on specific physical assets such as a vehicle or equipment"
Template: Loan Agreement: person to person; secured by guarantee
What Net Lawman says about this template:
"This loan agreement for situations where both the lender and the borrower are individuals, and where the loan is secured by a guarantee by another person.
It is likely to be used for loans to friends and arms length business deals."
Template: Loan Agreement: individual borrower; secured on financial assets
What Net Lawman says about this template:
"This agreement records a loan to a borrower who is an individual. The loan is secured against financial, intangible assets, such as shares.
There is also an optional provision for a third party guarantee if required and options for alternative repayment provisions and lender actions if the borrower defaults."
Template: Loan Agreement: person to person; property purchase
What Net Lawman says about this template:
"Use this document to lend money to family or friends for the purpose of helping to buy a house or flat, or for a renovation project. The loan can optionally be secured on a guarantee by a third party."
Detailed guidance notes are provided with each template. Net Lawman offers a money back guarantee if the document is not what you need, as well as a legal review option if you want some professional assistance when you are drawing up your documents.
Notice:
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