Loan agreement

Person to person; secured by guarantee
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Document overview

This loan agreement for situations where both the lender and the borrower are individuals, and where the loan is secured by a guarantee by another person.

It is likely to be used for loans to friends and arms length business deals.

Compliant with the latest law in
  • England & Wales
  • Scotland
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  • Length:9 pages (2100 words)
  • Available in:
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About this document

A guarantor is a common form of security when the borrower does not own assets of sufficient value to provide an incentive to repay the loan on time and in full.

This agreement is suitable in situations where the lender, the borrower and the guarantor are all individuals - most likely when the borrower is a friend, distant relative or business partner of the lender. The guarantor could have any relationship to the borrower.

The purpose of the loan does not affect the terms of the agreement. For example, it could be used for:

  • a deposit on a house or flat

  • starting or financing a business

  • part purchase of a car or other high value item

  • repayment or consolidation of other debts

  • paying for a wedding party or other event

Either or both parties may be in the UK or abroad.

Similar agreements

If the parties have a high level of trust, we have another loan agreement between friends or family members.


  • 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

Sample loan agreementSample page from the loan agreement secured by guarantee

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Recent reviews

Sanity Saved
01 March 2023
The document template met our needs very well and the document review service was very prompt and thorough. Exactly what was needed. Thank you so much. I was being quoted over £2000 by a law firm to draw up the same agreement. I would highly recommend NetLawman to others.
Julie Galloway
Easy name change process
14 August 2020
It was easy to use, arrived extremely quickly. I didn't use the checking service, but will the Company again if I need a legal document for a client.
Debbie Silvester
Simple To Execute
28 June 2018
Simple to read, understand and execute
Surinder Singh
Review of the Australian version
Read all 11 reviews

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