Description

Loan Agreement (Unsecured) Plus

If you are considering lending to your relative or a close friend, then you might want to prepare a Loan Agreement. Our Loan Agreement Plus enables you to mitigate risks associated with unsecured loan transactions—whether you are a borrower or lender.

The AussieLegal Loany Agreement Plus enables lenders and borrowers to arrange and understand the terms and conditions of an unsecured loan. It includes independent legal advice as to your loan arrangements, including the terms and considerations for interest rates, default situations, and repayments. Thus, ensuring your rights as a lender or borrower are still protected even without a loan security.

Our Loan Agreements are legally binding and fully enforceable in the Courts. However, our Loan Agreement Plus does not include financial advice as to the terms and conditions of the loan and the borrower’s obligations. Each party to the unsecured loan transaction is responsible for seeking financial advice before signing and entering into this Loan Agreement.

If you are after a secured loan or if the National Credit Code applies to the loan, then please let us know. We can refer you to one of our partner law firms to ensure your agreement includes details of the collateral security.

Before you order, CALL our FREE Helpline at 1300 728 200 to discuss your situation. 

HOW IT WORKS?

1. ORDER: Select your State then click “Add to Cart,” verify your order then click “Proceed to Checkout.” Choose your preferred payment option—direct by credit/debit card, thru Xero Invoice, or a pay-later option thru AfterPay.
2. CONFIRM: Check your inbox for the confirmation email and follow the instructions to download the information leaflet and questionnaire.
3. UNDERSTAND: Complete the questionnaire and return it to AussieLegal via email.
4. DRAFTING: AussieLegal will prepare a draft of your Loan Agreement in consultation with you.
5. REVIEW: Once you are satisfied with the draft agreement, we will send a copy to an independent law firm for review.
6. ADVICE: Your dedicated lawyer will schedule a time with you to discuss your terms and conditions and obligations and will make further changes to the draft documents.
7. CONSULT: Once you are happy with your agreement, we will send the final copy for you to provide to your financial adviser.

* Each assigned lawyer will allocate a limit of one (1) hour for preparation, independent legal advice through online resources or face-to-face, as well as written advice. Additional fees may apply if more time is required.

For more information about our Time Allocation Policy, please visit our Terms and Conditions page or CALL our FREE Helpline at 1300 728 200 for a quick NO OBLIGATION discussion. You can also email us at enquiries@aussielegal.com.au to schedule a call at your convenience.