Net Lawman
India (Change)
Basket items
  View Sample Document Front cover
Product ID: IN-LDGloa18

Loan agreement: person to person; secured by guarantee

An agreement between a human individual lender and borrower. The loan is secured with a guarantee by a third party, who may be a friend, relative or business partner. It is likely to be used for family and friends loan arrangements as well as arms length business deals. Strong provisions to protect the lender. Options for alternative repayment provisions and lender actions if borrower defaults.
Price Rs.1999.00
  • Solicitor approved
  • Plain English makes editing easy
  • Guidance notes included
  • Money back guarantee
About
Preview
Why from us
Ask a question
Customer reviews

About this loan agreement

This lawyer drawn agreement covers many critical corners of the law relating to loan agreements. It has been drawn to protect the Lender strongly. It provides for a guarantor but the option can be deleted if not required. We strongly advise a lender to insist on a guarantor.

There is no provision for a company lender or borrower in this agreement, nor for additional security. If those are required, see the selection at Loan agreement templates.

This is a simple but flexible agreement providing all the commonly required options.

When to use this loan agreement

  • The lender and the borrower are two individuals
  • Suitable for personal loans to family and friends
  • Either or both parties may be in the Republic of India or abroad
  • Flexible for loans of any size and repayment terms of any complexity

The law in this loan agreement

There is little statutory regulation relating to an agreement of this nature, so you can make more or less the deal you choose.

Alternatives to this loan agreement

Net Lawman offers a variety of documents. Choose the one which suit you best.

The documents are:

Contents of this loan agreement

The contents of the agreement include:

  • Structure of the loan;
  • Alternative draw down arrangements;
  • Provision of information to lender;
  • Repayment and interest payment arrangements;
  • Provision for default situations;
  • Guarantor liability
  • Borrower's warranties;
  • Other important legal points.
Draftsman

This document was written by a solicitor for Net Lawman. It complies with current Indian law.

What Our Clients Say

  • "Easy and fulfilled my needs. The documents are accepted by the other parties solicitors without my waiting for my own solicitors to act. Professional documents, easy to use saved my time and money."

    Roy Butterworth

  • "The document was clear to read, easy and quick to use. I will recommend Net Lawman due to ease of usability."

    Clive Bonny

  • "I was recommended to you some time ago - many thanks for an excellent document. I have you in my "favourites" Easy to navigate website - clearly displayed and simple to understand. Very easy to use and edit document in clear English. It has enabled me to present a professional and relevant document to my customers with ease. I will recommend Net Lawman due to easy to use website, documents in clear English and easy to edit, very reasonable and prompt."

    Martha Walker