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 Unsecured 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.
These templates are specifically for unsecured loan agreements for a loan to or from a trust. The Unsecured loan may be existing or new (if the Unsecured loan is to be made simultaneously with the signing of the agreement).