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Unsecured Loan Agreement With A Guarantor

An Unsecured Loan Agreement suitable for individuals and businesses wishing to lend or borrow money with the added security of a 3rd party guaranteeing payments on the loan.

Document: Unsecured Loan Agreement With A Guarantor

Document code: LO2

Document format(s):
Unsecured Loan Agreement With A Guarantor in Microsoft Word Document MS Word

£17.99

Available for instant download Available in multiple formats
Customisable documents Saves both time & money
 

What is an Unsecured Loan Agreement?
A Loan Agreement is a contract entered into between a Lender and a Borrower, stipulating the terms and conditions of the loan. An unsecured Loan Agreement, also known as a personal loan, is where the loan is not backed by any form of collateral and the Lender has no entitlement to any of the Borrower's assets in the event of the Borrower failing to repay the loan.
Who should use this agreement?

This agreement is ideal for either individuals or businesses whereby money is being loaned to the Borrower and is to be paid back to the Lender in instalments, with or without interest.

Why have a Guarantor?
Where there is a Guarantor, a third party to the loan agreement (the Guarantor) will guarantee payment on behalf of the Borrower, agreeing to be held liable should the Borrower fail to repay the loan in terms of the agreement. This provides added security for the Lender in that he can proceed against the Guarantor in cases where he is not able to get payment from the Borrower.

This agreement contains the following clauses:


1. Definitions

2. Interpretation

3. Gurarantee

4. Loan

5. Indebtedness and Repayment

6. Acceleration

7. Notices

8. Breach

9. Governing Law and Jurisdiction

10. Counterparts

11. Signatories

The Unsecured Loan Agreement With A Guarantor is available to download instantly in the following formats:


Microsoft Word Document Microsoft Word document

This document can be found in the following package(s)

 
£17.99
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Loan Pack - Great value for money7 essential documents for people who are lending or borrowing money.


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