Loan agreement

Private borrower; secured on physical assets
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Document overview

This agreement sets out the terms of a loan to a person (not a company), secured on specific physical assets such as a vehicle or equipment.
Compliant with the latest law in
  • England & Wales
  • Scotland
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Document properties
  • Length:10 pages (3430 words)
  • Available in:
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About this document

In this agreement, the loan is provided to an individual, and secured by the borrower either taking physical possession of assets, or by leaving the assets in place and describing them in detail in this document so that there can be no dispute as to what is charged.

In addition, we have also included an optional provision to include a third party guarantor. That may be a more powerful incentive for the borrower than other forms of security.

The reason for lending is not important. The borrower may wish to buy a high value item such as a car, or consolidate existing debts, or use the money to start a business.

Similar documents

You may also consider a deal where you lend based on a guarantee from a third party only. This may be particularly the case where the resale value of the asset on which the loan is secured may be uncertain, or the asset may be difficult to sell quickly. The agreement here suits that situation.


  • Definitions and important interpretation provisions

  • Borrower’s warranties

  • Amount of loan and how advanced

  • The security

  • Interest payable

  • Repayment provisions

  • What happens if things go wrong - notices, consequences and so on

  • The third party guarantee

  • 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.

Sample loan agreementSample page from the loan agreement secured on physical assets

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Recent reviews

Great Service
24 October 2023
It was easy to use and yes I would recommend it to others
Craig Mitchell
Review of the Australian version
Made It Much Easier
15 September 2019
Great document, relevant to the NZ jurisdiction, made organising the agreement so much easier (and cheaper) than going through my lawyer! Thank you!
Adrienne Taylor
Review of the New Zealand version
Comprehensive Explanation
11 October 2016
Didn't know what I was buying but description answered most questions and at $39.00 it wasn't a great loss if the document was not applicable for me The document was just what I needed and was very easy to use even for someone with little computer skills.

Would recommend this service and I am likely to use other documents when the need arises.
Grant Eames
Review of the New Zealand version
Read all 10 reviews

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