Common Contracts
2 similar Loan Agreement contracts
DOCUMENT: LOAN AGREEMENT-SECUREDLoan Agreement • December 23rd, 2021
This template Loan Agreement is drafted for a loan secured using real property as security but may be modified to accommodate the needs of the parties.
DOCUMENT: LOAN AGREEMENT-UNSECUREDLoan Agreement • December 15th, 2021
This template is for an unsecured loan. This agreement is applicable where the lender grants a borrower a loan facility without obliging the borrower to provide a security to guarantee its performance of the terms of the agreement- most particularly the repayment of the advanced sum. The lender of a loan that is unsecured bears greater risk and must therefore compensate for this by reducing the loan amount granted or increasing the interest rate. Such a transaction is most suitable where the loan amount is relatively small or where the loan is a friendly/ soft loan and the borrower has no ready assets which can be secured.
