This loan agreement can be used for a loan between a company or an individual and whether secured or unsecured. It can be customized where necessary for the loan to be guaranteed by a third party and for security to be taken where required. The agreement is suitable for long or short term lending.
The document is suitable for recording money loaned to a friend or family member who has hit hard time. Provision can be made for the payment of interest or the loan can be interest free. Protection for the lender is emphasised to avoid any suggestion that the money paid is a gift and does not have to be repaid.