Unsecured Loan Agreement with Caveat

What if the borrower is in a failing relationship? Could the dreaded sister in law actually get half the money and not have to pay it back?

Whatever the circumstances there are few things more distressing than having a valued friendship go sour or a rift open up with family over money.

Put it in writing

Documenting the loan agreement will help you avoid misunderstandings, eliminate doubt and provide a backup plan should things go awry.

About this Agreement

This agreement is an unsecured loan agreement which means you don’t actually hold security over any goods or property (real estate). However the agreement gives the lender permission to lodge a caveat over the borrower’s real estate interest or interests.

Our secured loan agreement clearly sets out all the provisions you would want in such a document such as:

The amount and term of the loan
A detailed repayment schedule including interest charges and repayment of principle
the receipt and application of money (how and when repayments should occur)
And what should happen if the borrower fails to make repayments on time.
What happens if the borrower defaults? The document defines what a default is and what rights the lender retains should the borrower default.
Directors Guarantees, if you are lending money to a company.

This Unsecured loan agreement will give the lender the confidence that their interests are protected and borrower a clear understanding of their responsibilities.

This Loan Agreement has been professionally drafted and formatted for your convenience using Microsoft Word, it can be downloaded immediately and can be used time after time.

Simply insert the correct information in the appropriate fields and go to print.