What is a Loan Agreement?
In simple terms….a loan agreement is a contract to regulate promises made by a borrower and a lender.
With our financial service and legal experience, we see a wide range of them. These include standard contracts prepare by larger banks and customised agreements between other parties.
As a borrower from large lenders it is unlikely that a lender will change the terms and nature of their agreements. However it is important that you understand what is in it and how it impacts you.
We also prepare or review private loan agreements too. They are generally customised to meet specific requirements.