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Unsecured Loan Agreement with Guarantee Template

This agreement documents the terms of a personal loan and can be relied on in a court or tribunal, to evidence the loan, should things not work out as planned.

It sets out

  • the terms and conditions which the lender and borrower will agree to
  • the rights and obligations of both the lender and borrower and
  • what happens if a party does not fulfil their responsibilities.

The loan agreement should be signed by both the lender and the borrower, and both parties should receive a copy of the fully signed agreement, and store it away in a safe place.

When can it be used?

An unsecured loan agreement can be used where a loan is made to:

  • your adult children, or other family members;
  • friends where no security is being taken;
  • employees, colleagues or business partners;
  • a shareholder to the company;
  • your business or company.

When it cannot be used

This document cannot be used for transactions for which the National Credit Code applies:  that is, where the lender provides credit as part of, or incidental to, their business (among other things).  For more information about whether the National Credit Code applies to you, refer to ASIC’s information page here.

If a company is lending funds to a director or shareholder of the company, refer to the Division 7A Loan Agreement.

If security is being taken for a personal loan, refer to the Secured Loan (not suitable where the security is land).

Terms and Provisions

  • Recitals
  • Definitions
  • The Loan
  • Costs
  • Receipt and application of moneys
  • Default and default interest
  • Rights of default
  • Power of Attorney
  • Guarantee
  • Severable Provisions
  • Waiver
  • Service of Notices
  • Governing Law

Includes a Loan Payment Plan Calculator

This specialised Excel spreadsheet does all the calculating for you. Just input the details of the loan: the amount, term, number of repayments, interest rate and it crunches the numbers for you. Benefits of unsecured loan with guarantee agreement template kit

You can then print this document and attach to the loan agreement.

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Sample Screenshot of Loan Payment Plan. Enter the loan details and it will perform the necessary calculations. Click to enlarge.


Sample Agreement – What the Unsecured Loan agreement template looks like

Unsecured Loan Agreement Sample

unsecured loan agreement sample 2

Your professionally drafted, easy to use Unsecured Loan agreement with Guarantee is available for immediate download.

The document comes to you as a Microsoft Word template that can be used as often as you like. Simply insert the correct information in the appropriate field and tab to the next. Now print your professional agreement!

Buy Unsecured Loan Agreement template - Instant Download

Australian Law

Our Agreements are drafted to comply with Australian Law

Professionally Drafted

The agreements are professionally drafted by Australian Law Experts

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Easy to use

Plain English - No Legalese. Your Agreement is easy to use, edit and understand