
A loan agreement is a legal document that sets out the terms on which a lender agrees to lend money to a borrower. There are two types of loan agreements:
- secured; and
- unsecured.
A secured loan ensures the lender can recover its money by taking possession of the borrower’s asset(s), selling them and using the sales proceeds to repay the debt. If the loan is unsecured, the lender does not have any claim to borrower’s asset(s), in priority against other creditors of the borrower, if the borrower defaults (i.e. does not pay back the money).
Having a loan agreement in place allows the lender and borrower to enforce the terms of the agreement and show that the money was a loan and not a gift.
Downloading your free legal document is easy. Fill in the required information and your document will be emailed to you instantly.
Get Your NZ Loan Agreement
Free Document
- Basic NZ Loan Agreement template
- You choose which document is right for you
- Self-serve online
- Get your NZ Loan Agreement instantly
Bespoke Document
- Fully personalised NZ Loan Agreement
- Complimentary initial consultation
- Five business day turnaround
- You are protected under our insurance
- Access to a specialist lawyer
- 30 minute complimentary consultation to discuss any changes to your NZ Loan Agreement
- One round of amendments
The LegalVision Loan Agreement is a short form, unsecured loan deed. Although the loan is unsecured, it does contain an optional guarantee clause which you can include if the borrower’s obligations under the loan agreement are being guaranteed by a third party (again the guarantor can be either a company or an individual).
This Loan Agreement has been drafted assuming that:
- there is a single borrower (either a company or an individual) and a single lender (either a company or an individual);
- the lender is not committed to provide the loan;
- the loan is unsecured; and
- the borrower must repay the loan on a fixed repayment date or, if the agreement provides, on demand.
This free template is 23 pages long and contains 15 clauses and 3 schedules.
Benefits of Choosing LegalVision
We know there are many online document websites and legal marketplaces to choose from. When you choose LegalVision, you can rest assured we are always here to help you after your purchase.
- We are a New Zealand law firm with high client satisfaction scores (read our reviews);
- All of our templates are drafted by New Zealand-qualified lawyers and regularly reviewed;
- We have assisted many New Zealand businesses – our templates contain common clauses used by other New Zealand businesses;
- You can email or call our team for a free consultation to discuss any legal questions.