This UK loan agreement sets out the terms for a borrower (with no security) to receiver funds from a lender. The lender maybe an individual or a corporate body and the borrower, an individual or company.
As there is no security involved, this type of agreement is commonly suitable for lending within a family, within a company or partnership where the borrower is a Director or Partner.
The borrowed amount of money can be used for any reason.
This lending agreement allows you to manage your own legal matters in a cost effective manner.