The Unsecured Loan Agreement is designed for use in the Australian jurisdiction where a lender wishes to provide financial accommodation to a borrower without taking security over assets. This document is particularly relevant for personal loans, small business lending, and other scenarios where collateral-free financing is appropriate. It incorporates all essential elements required by Australian consumer credit laws, including responsible lending obligations, statutory disclosures, and mandatory information statements. The agreement is structured to protect both lender and borrower interests while ensuring compliance with the National Consumer Credit Protection Act 2009 (Cth), ASIC regulations, and other relevant Australian legislation. It includes comprehensive terms covering loan disbursement, repayment schedules, interest calculations, default provisions, and enforcement mechanisms.

1. Parties: Identifies and provides full details of the lender and borrower

2. Background: Explains the context of the loan and the parties' intention to enter into the agreement

3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules

4. Loan Amount and Purpose: Specifies the loan amount and permitted use of funds

5. Interest: Details the interest rate, calculation method, and payment frequency

6. Repayment Terms: Specifies repayment schedule, payment methods, and early repayment provisions

7. Borrower's Representations and Warranties: Sets out the borrower's confirmations regarding their financial situation and ability to repay

8. Borrower's Obligations: Lists ongoing obligations of the borrower during the loan term

9. Events of Default: Defines circumstances constituting default and consequences

10. Enforcement Rights: Outlines the lender's rights and remedies upon default

11. Notices: Specifies how formal communications between parties should be made

12. General Provisions: Contains standard clauses including governing law, assignment, and amendments