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- Unsecured Loans

Unsecured Loans are loans that do not require the borrower to provide the lender with collateral, usually because of the creditworthiness of the borrower. Because the loan is not secured against the borrower's assets, such as property, it is important to draft an agreement that clearly sets out the terms on which money has been lent. Several templates are provided for creating an unsecured loan agreement between companies and individuals or between themselves.

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LawLive ®