Unsecured Loan with Guaranty - Fixed

A Loan Agreement defines the terms and conditions under which a lender advances funds to a borrower. The document includes terms for an unsecured loan advanced to a borrower. Here, there is no need for the Lender to hold a collateral security over property or other assets owned by the borrower in the event of default. This Loan Agreement also provides an option to include a guarantor. A guarantor is a person who promises to pay and meet all the obligations of the borrower if the borrower fails to pay or meet those obligations. (continued ...)