Standard loan agreement suitable for individuals and
businesses. Note, the loan is not secured, therefore this
agreement might be better suited to a borrower.
About this document
There is little or no statutory regulation relating to an agreement of this nature, so the parties can make more or less what deal they choose. By effecting a slight alteration the document can be used for a limited company also. There are a very large number of variables and you can choose to settle your agreement to strongly favor one side without reducing the precision of the agreement.
This loan agreement is suitable for a person or company lending or borrowing money irrespective of any business they are in. It is not suitable for loaning to consumers because it has not been drawn to deal with Consumer Credit requirements. For other loan agreements, see the links on the right.
Application
and features
Provides for alternative draw down arrangements and provision of information to the lender;
Suitable for use in India and abroad;
Ready for adaptation to particular needs of either or both parties;
Comprehensive provisions provide menu from which you can choose;
Written in plain English!.
Contents
Structure of the loan;
Alternative draw down arrangements;
Provisions of information to lender;
Repayment and interest payment arrangements;
Method of payment;
Provision for default situations;
Borrower's warranties;
Other legal provisions to protect your interests.
Word
Count (approximate):
Document: 1440
words
Explanatory notes:
422
words
Draftsman
This document has been drawn by Rakesh Taneja, unconnected with Net Lawman. Rakesh Taneja will welcome your contact for further legal help. There may be a charge for Rakesh Taneja services.
