Unsecured loan agreement

Person to person; private or business
22 Reviews
Select support levelCompare

Document overview

This agreement can be used in any situation where the lender does not require or is willing to forgo security in case of default.
Compliant with the latest law in
  • England & Wales
  • Scotland
Document propertied
Document properties
  • Length:6 pages (1520 words)
  • Available in:
    MsWordMicrosoft Word DOCXApple pagesApple PagesRTFRTF
watertight guarantee
Backed by our watertight guarantee

If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.

writing in plain english
Written in plain English

We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.

Guidance notes included

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.

Support from our legal team

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.

Up to date with the latest law

Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.

About this document

An unsecured loan is used when the lender is confident that the borrower will repay.

The main reasons to record the terms in a document are to prevent a disagreement later, and to allow the lender to seek recourse if the loan is not repaid.

This document could be used for loans:

  • between family members or friends

  • between a company and a director

  • between a partner and a partnership business

If you are a director or shareholder, lending to or borrowing from your company, then a written agreement will ensure the arrangement is clear to other directors, shareholders and HMRC.

The purpose of the loan does not affect the terms of the agreement. You could be lending a friend money for short-term expenses, such as wedding costs, or to a business on a longer term.


This agreement contains all the terms you would expect as standard in this type of unsecured agreement:

  • 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

  • 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 unsecured loan agreementSample page from the unsecured loan agreement

CallTalk to us about this document

We are happy to answer any questions you have. Arrange for us to call you.

Recent reviews

Impressed Overall
25 March 2023
I was impressed that Net Lawman gives you a number of options so you can initially target exactly the document you need. The editing process and notes are clear and easy to follow so you can edit the document to do exactly what you want. Thoroughly recommend Net Lawman and will use again in the future without hesitation.
Vince Nicholls
Perfect For My Needs
17 December 2021
Easy to understand template for a starter company like us. Great service as well - sorted out an issue I had promptly. Great that it incorporated Scottish Law. Loan agreement between myself and my limited company - sorted!
Sharon Jamieson
Simple and trusting
16 March 2018
Simple format, easy to read and understand. I would recommend using this document when there’re is a good level of trust between the parties.
Peter Cooke
Read all 22 reviews

Choose the level of support you need

Document Only

Complete the document template yourself using our guidance notes
(incl VAT)
  • ok This document
  • okDetailed guidance notes explaining how to edit each paragraph
Most Popular

Lawyer Assist

Support from our legal team during and after editing
203 Reviews
(incl VAT)
  • ok This document
  • okDetailed guidance notes explaining how to edit each paragraph
  • okUnlimited email support - ask our legal team any question related to completing the document
  • ok
    Review of your edited document by our legal team including:
    • 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


Drafted for you, to your precise requirements
(incl VAT)
  • okA document drawn just for you to your exact requirements
  • okPersonalised service provided by an experienced solicitor
  • okFree discussion before we provide an estimate, for you to ask questions and for us to understand your requirements
  • okTransparent fees - a fixed fee for the basic work, a fixed hourly rate for new or changed instructions, and no charge for office overheads or third party disbursements
  • okCareful and thorough consideration of your circumstances and your consequent likely practical and legal requirements
  • okProvision of options that you may not have considered with availability for discussion
  • okHelp and advice woven into the fabric of our service so that you can make the best decisions
© 2000 - 2024 Net Lawman Limited.
All rights reserved