Complete loan agreement to regulate the parties to a loan
which is secured on financial instruments such as stock and
or shares. Flexible yet comprehensive
About this document
There is little or no statutory regulation relating to an agreement of this nature, so the parties can make more or less what deal they choose. There are a very large number of variables and you can choose to settle your agreement to strongly favor one side without reducing the precision of the agreement.
As drawn, interest is charged on the loan (calculated at a monthly rate depending on the base rate from time to time of the Bank of England). Repayment of the loan and interest is on a monthly basis although you can change this if another arrangement suits you better. The loan agreement allows the borrower to repay the loan and interest within a specified time or, the borrower may repay the loan and interest at any time by giving notice in writing to the lender or by paying a specified number of months interest.
This loan agreement is suitable for a person or company lending or borrowing money irrespective of the business they are in. Instead of using a guarantor to secure the loan, this loan agreement is secured on financial instruments such as stocks and shares. It is not suitable for loaning to consumers because it has not been drawn under the Consumer Credit Act 1974 or any further amendments to that Act. For other loan agreements, see the documents link from the right hand side of this page.
Application
and features
Provides for alternative draw down arrangements and provision of information to the lender
Suitable for use in the UK, EU or abroad;
Ready for adaptation to particular needs of either or both parties
Comprehensive provisions provide menu from which you can choose
Written in plain English!
Contents
Amount of loan and alternative draw down provisions
Repayment and interest payment arrangements
Extensive menu of Borrower’s warranties for you to choose
Provision of periodic information to lender
Provision for default situations
Other legal provision to protect your interests.
Word
Count (approximate):
Document: 2800
words
Explanatory notes:
800
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
