Unsecured Loan with Guaranty, Payable on Demand

A loan agreement defines the terms and conditions under which a lender advances funds to a borrower. This Loan Agreement for an unsecured loan with guaranty is payable on demand and allows the lender to name a guarantor who promises to repay the loan if the borrower defaults. Upon demand the borrower is given a certain period of time to repay the outstanding balance of the loan to the lender. Having a written Loan Agreement – Unsecured Loan with Guaranty Payable on Demand will prove valuable in the event of disagreements or misunderstandings. (continued ...)