Loan agreement
A document drawn just for you to your exact requirements. Free discussion before we provide an estimate. Fixed fee for each stage of work.
Key features
England & Wales
Scotland
- Length:11 pages (3590 words)
- Available in:
Microsoft Word DOCX
Apple Pages
RTF
If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.
We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.
You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.
Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.
About this document
This agreement is suitable where the borrower is an individual. The lender could be another individual, or a company.
The lender takes security against intangible assets such as company shares, debts, or intellectual property. We also include an optional provision for a third party guarantee, since a guarantor often provides additional incentive not to default.
The purpose of the loan is not important. It could be used to consolidate existing debt, to expand a business or for short term financing.
Examples of use are:
where a company loans money to a director-shareholder against his or her shares
for a personal loan between friends, where the borrower pledges a share portfolio as security
Either or both parties may be in the UK or abroad, and the agreement can be used for loans of any size.
Similar documents
If the borrower is a company, then this contract is more suitable. It contains additional provisions such as to ensure that the shareholders do not restructure the share capital company so as to make worthless the secured shareholding.
You can also read more about securing a loan appropriately.
Contents
Structure of the loan
Alternative draw down arrangements
Provisions of information to lender to allow valuation
Repayment and interest payment arrangements
Method of payment
Provision for default situations
Borrower's warranties
A round up of legal matters
Drawn outside the Consumer Credit Act 1974, this agreement is not suitable for companies in the business of lending or providing credit to consumers.
Recent reviews
The document was suitable for my region (Tasmania) and covered all necessary aspects for the loan document. I have no hesitation in recommending these guys, you may get a better document than you would if attending a local lawyer and paying 10 times as much. These guys offer all the support you need.
I would definitely use it again.
Stephen M
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Document only
Comprehensive template covering legal and practical points - Detailed guidance notes a step-by-step instructions to help you complete your document with confidence.
- Up to date with latest law our lawyers regularly review how new relevant law affects each document in our library
- Written in plain English avoiding legal terminology unless necessary. plain English makes our documents easy to understand, easy to edit and more likely to be accepted
- Support from our legal team email us with questions about editing your document
- Money back guarantee that if the document isn't right
Lawyer Assist
- Comprehensive template covering legal and practical points
- Detailed guidance notes a step-by-step instructions to help you complete your document with confidence.
- Custom workspace - get expert answers fast: a dedicated space for priority expert assistance, keeping you on track.
- Review of your edited document by our legal team including:
- understanding your requirements
- checking that your document will achieve your goal
- reporting on whether your changes comply with the law
- answering your questions about how to word a new clause or achieve an outcome
- checking that your use of defined terms is correct and consistent
- correcting spelling mistakes
- reformatting the document ready to sign
Bespoke
- A document drawn just for you to your exact requirements
- Personalised service provided by an experienced solicitor
- Free discussion before we provide an estimate, for you to ask questions and for us to understand your requirements
- Transparent fees
- fixed fee to draw a document to your initial instructions
- additional or changed instructions charged either at fixed rates or on a time basis as agreed with you
- no charges for office overheads or third party disbursements
- Careful and thorough consideration of your circumstances and your consequent likely practical and legal requirements
- Provision of options that you may not have considered with availability for discussion
- Help and advice woven into the fabric of our service so that you can make the best decisions
Standard
- Documents included10
(average document price £37) - Lawyer Assist Service included
(average price £196) - Discount on further Lawyer Assist30%
- Discount on Bespoke Drafting
- Telephone support
- Priority email support
Professional
- Documents included25
(average document price £37) - Lawyer Assist Service included
(average price £196) - Discount on further Lawyer Assist40%
- Discount on Bespoke Drafting10%
- Telephone support
- Priority email support
Professional Plus
- Documents included25
(average document price £37) - Lawyer Assist Service included2
(average price £196) - Discount on further Lawyer Assist40%
- Discount on Bespoke Drafting10%
- Telephone support
- Priority email support
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