Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Promissory Loan Agreement
"I need a Promissory Loan Agreement for a secured business loan of 50 million Naira to a manufacturing company, with quarterly repayments over 3 years starting March 2025, including provisions for collateral in the form of manufacturing equipment."
1. Parties: Identifies and provides full details of the lender and borrower, including names, addresses, and registration details if applicable
2. Background: Explains the context of the loan agreement and the parties' intention to enter into this agreement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Loan Amount and Purpose: Specifies the principal amount of the loan and its intended use
5. Interest Rate: Details the applicable interest rate, calculation method, and payment frequency
6. Repayment Terms: Specifies the repayment schedule, installment amounts, and payment methods
7. Security: Details any collateral or security provided for the loan
8. Representations and Warranties: States the parties' assertions about their capacity and authority to enter into the agreement
9. Events of Default: Lists circumstances that constitute default and their consequences
10. Remedies: Outlines the lender's rights and remedies in case of default
11. Governing Law: Specifies that Nigerian law governs the agreement
12. Execution: Signature blocks and execution requirements
1. Guarantor Provisions: Include when a third party guarantees the loan
2. Prepayment Terms: Include when early repayment is allowed, specifying any penalties or conditions
3. Insurance Requirements: Include when specific insurance coverage is required for the loan or collateral
4. Assignment and Transfer: Include when either party may need to transfer their rights or obligations
5. Force Majeure: Include when parties want to address circumstances beyond their control
6. Multiple Borrowers: Include when there is more than one borrower, defining joint and several liability
7. Currency Provisions: Include for loans involving foreign currency or international payments
8. Debt Collection Terms: Include specific provisions for debt collection procedures and costs
1. Repayment Schedule: Detailed breakdown of payment dates, amounts, and allocation between principal and interest
2. Security Details: Detailed description of any collateral or security provided, including valuations
3. Guarantor Information: Details of guarantors including their financial information and extent of guarantee
4. Condition Precedent Documents: List of documents required before loan disbursement
5. Fee Schedule: Breakdown of all applicable fees, charges, and costs
6. Disbursement Schedule: If the loan is to be disbursed in tranches, details of timing and conditions
Authors
Financial Services
Banking
Microfinance
Real Estate
Construction
Manufacturing
Agriculture
Retail
Technology
Healthcare
Education
Transportation
Energy
Mining
Legal
Finance
Compliance
Risk Management
Credit Operations
Treasury
Corporate Banking
Commercial Banking
Collections
Business Development
Document Management
Legal Counsel
Finance Manager
Credit Officer
Loan Officer
Compliance Officer
Risk Manager
Corporate Lawyer
Banking Officer
Financial Controller
Treasury Manager
Commercial Director
Chief Financial Officer
Company Secretary
Business Development Manager
Collections Manager
Find the exact document you need
Agreement Between Financier And Producer
A Nigerian law-governed agreement establishing financing terms and conditions between a funding entity and a producer, including investment protection and regulatory compliance.
Agreement Between Financier And Company
A Nigerian law-governed financing agreement establishing funding terms between a financier and company, compliant with local banking and corporate regulations.
Master Securities Loan Agreement
A Nigerian law-governed framework agreement for securities lending transactions between institutional parties, compliant with Nigerian SEC regulations.
Intercreditor Deed
A Nigerian law-governed agreement that establishes priorities and relationships between multiple creditors providing financing to the same borrower.
Agreement For Financial Support
Nigerian law-governed agreement establishing terms and conditions for financial support between parties, including payment terms and regulatory compliance requirements.
Royalty Financing Agreement
A Nigerian law-governed agreement establishing terms for royalty-based financing, where an investor provides capital in exchange for ongoing revenue-based payments.
Loan And Guarantee Agreement
Nigerian law-governed agreement establishing loan terms and associated guarantee arrangements, including lending conditions and security provisions.
Loan Agreement Term Sheet
A Nigerian law-governed preliminary document outlining key terms and conditions for a proposed loan facility, serving as the basis for a full loan agreement.
Deed Of Accession Loan Agreement
A Nigerian law-governed deed that facilitates a new party joining an existing loan agreement, setting out terms of accession and ensuring compliance with local banking and corporate regulations.
Accession Deed Facility Agreement
A Nigerian law-governed deed allowing a new party to join an existing facility agreement as a borrower or guarantor, binding them to all original terms and conditions.
Separation Financial Agreement
A Nigerian law-compliant agreement detailing financial arrangements and asset division between separating spouses, incorporating both statutory and customary law provisions.
Promissory Loan Agreement
A Nigerian law-governed agreement documenting a borrower's promise to repay a loan with specified terms and conditions to the lender.
Friends And Family Loan Agreement
A Nigerian law-governed loan agreement template for formalizing monetary lending arrangements between friends and family members.
Formal Loan Agreement
A Nigerian law-governed agreement establishing formal lending terms between parties, including loan amount, interest, repayment schedule, and security arrangements.
Contract For Car Payments
A Nigerian law-governed agreement establishing terms for vehicle purchase through installment payments, including payment schedules, ownership transfer, and party obligations.
Business Loan Contract
A Nigerian law-governed agreement establishing terms for a financial institution to provide business funding, compliant with local banking regulations and BOFIA 2020.
Project Loan Agreement
A Nigerian law-governed agreement setting out terms and conditions for project-specific funding, including loan facility details, security arrangements, and project implementation requirements.
Jewelry Loan Agreement
A Nigerian law-governed agreement for loans secured by jewelry as collateral, establishing terms for lending, collateral handling, and repayment.
Loan Pledge Agreement
A Nigerian law-governed agreement establishing a secured loan arrangement where assets are pledged as security, detailing loan terms and enforcement rights.
Inter Company Loan Agreement
A Nigerian law-governed agreement establishing loan arrangements between related companies, including terms, conditions, and regulatory compliance requirements.
Novation Lease Agreement
A Nigerian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Loan And Security Agreement
A Nigerian law-governed agreement that establishes loan terms and creates security interests over assets to secure loan repayment.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.