This Unsecured Loan Agreement Template assumes that a loan has already been made by the Trustee to the Borrower but there is no loan agreement in place to record the terms of the loan. If the loan is to be made simultaneously with the signing of the Unsecured Loan Agreement then do not use this document, use Unsecured Loan: From a Trust to Company (new Loan).

Please Note: This Unsecured Loan Agreement Template should only be used if there is a provision in the Trust Deed enabling the Trust to lend money to the Company.

LAWLIVE recommends: This is a complex document which involves the creation of complex legal rights and obligations and may give rise to various taxation and liability consequences. The best way to use this document is to complete it, print it out, print out all of the checklists that apply to it and all other LawLive information that relates to this type of document. When you have done this, LawLive recommends you read it carefully and instruct lawyers to assist you in the finalisation of the document and that you take tax advice from your accountant or tax adviser as to any income tax, capital gains or GST consequences.

This Unsecured Loan Agreement includes the following provisions:

1. Borrower's acknowledgement of the loan
2. Repayment of the loan
3. Early repayment
4. Interest payable
5. Default by Borrower
6. Whole agreement
7. Option to require security in future
8. Guarantee (optional)