Secured Loan Agreement for Canada

Secured Loan Agreement Template for Canada

A comprehensive legal document governed by Canadian law that establishes the terms and conditions under which a lender provides financing to a borrower, secured by specific collateral. The agreement details the loan amount, interest rates, repayment terms, and security arrangements while ensuring compliance with federal legislation such as the Interest Act and Bank Act, as well as provincial Personal Property Security Act (PPSA) requirements. It includes provisions for default scenarios, enforcement mechanisms, and the rights and obligations of all parties involved in the secured lending transaction.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Secured Loan Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Secured Loan Agreement?

The Secured Loan Agreement is a fundamental financing document used when a lender provides funding to a borrower with specific assets pledged as collateral. This agreement is essential in Canadian business transactions where security is required to support financing arrangements. It must comply with Canadian federal banking and interest rate regulations, as well as provincial secured transaction laws, particularly the Personal Property Security Act (PPSA). The document is typically used for business loans, asset financing, real estate transactions, and other scenarios where the lender requires security for the borrowed funds. It includes detailed provisions about the loan terms, security arrangements, representations and warranties, covenants, events of default, and enforcement mechanisms. The agreement serves to protect both the lender's security interest and the borrower's rights while ensuring clarity in the lending relationship.

What sections should be included in a Secured Loan Agreement?

1. Parties: Identification of the lender and borrower with full legal names and addresses

2. Background: Context of the loan arrangement and purpose of the agreement

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. The Loan: Principal amount, purpose, and drawdown mechanisms

5. Interest and Fees: Interest rate, calculation method, payment dates, and any applicable fees

6. Repayment Terms: Payment schedule, prepayment provisions, and method of payment

7. Security: Description of collateral and creation of security interest

8. Representations and Warranties: Borrower's statements about their legal and financial status

9. Covenants: Ongoing obligations of the borrower during the loan term

10. Events of Default: Circumstances constituting default and consequences

11. Enforcement: Lender's rights and remedies upon default

12. General Provisions: Standard clauses including notices, amendments, and governing law

What sections are optional to include in a Secured Loan Agreement?

1. Guarantees: Terms of any personal or corporate guarantees - include when there are third-party guarantors

2. Insurance Requirements: Specific insurance obligations for the collateral - include when valuable physical assets are used as security

3. Additional Security Documents: References to related security documents - include when multiple security instruments are involved

4. Subordination Provisions: Priority arrangements with other creditors - include when there are multiple lenders

5. Environmental Matters: Environmental warranties and covenants - include when real property or industrial assets are involved

6. Assignment and Participation: Terms for transferring loan interests - include when the lender may want to syndicate or sell the loan

7. Multi-Currency Provisions: Terms for loans in multiple currencies - include for international transactions

What schedules should be included in a Secured Loan Agreement?

1. Repayment Schedule: Detailed amortization schedule showing payment dates and amounts

2. Description of Collateral: Detailed description of all assets serving as security

3. Permitted Liens: List of pre-existing or permitted security interests on the collateral

4. Forms of Notice: Standard forms for drawdown notices, compliance certificates, etc.

5. Financial Covenants Calculations: Formulas and methods for calculating financial covenants

6. Subsidiary Guarantors: List of subsidiary companies providing guarantees, if applicable

7. Required Insurance: Detailed insurance requirements for the collateral

8. PPSA Financing Statements: Forms or copies of personal property security registrations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Publisher

Genie AI

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Banking and Financial Services

Real Estate

Manufacturing

Construction

Agriculture

Technology

Healthcare

Transportation and Logistics

Energy and Resources

Retail and Consumer Goods

Professional Services

Relevant Teams

Legal

Finance

Risk Management

Treasury

Credit

Compliance

Corporate Secretariat

Business Development

Commercial Banking

Operations

Relevant Roles

Chief Financial Officer

Finance Director

Credit Manager

Risk Manager

Legal Counsel

Corporate Lawyer

Loan Officer

Commercial Banking Manager

Credit Analyst

Treasury Manager

Corporate Secretary

Compliance Officer

Security Trustee

Portfolio Manager

Business Development Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Loan Agreement With Co Maker

A Canadian-law governed loan agreement establishing terms between a lender, borrower, and co-maker, with shared repayment responsibility.

Download

Family Loan Contract

A Canadian legal agreement formalizing monetary loans between family members, establishing terms, conditions, and repayment obligations while complying with federal and provincial laws.

Download

Take Over Car Loan Payments Contract

A Canadian legal agreement facilitating the transfer of car loan payment obligations from an original borrower to a new borrower, outlining terms and protecting all parties' interests.

Download

Repayment Of Debt Agreement

A Canadian-law governed agreement establishing formal terms for debt repayment, including payment schedule, interest rates, and default provisions.

Download

Private Lending Agreement

A Canadian-law governed agreement establishing terms and conditions for a private loan between parties, including loan amount, interest, repayment terms, and security arrangements.

Download

Pre Contract Agreement Car (Finance)

A Canadian jurisdiction preliminary agreement outlining terms and conditions for potential vehicle financing, serving as a precursor to the final finance contract.

Download

Cellphone Loan Agreement

A Canadian-law governed agreement establishing terms and conditions for mobile device loans, including usage rights, responsibilities, and return requirements.

Download

Car Payment Agreement Form

A Canadian legal document establishing terms and conditions for vehicle payment arrangements, including purchase details, payment schedules, and party obligations.

Download

Agreement Between Co Signer And Borrower

A Canadian legal agreement defining the relationship and obligations between a co-signer and borrower for a loan guarantee, governed by federal and provincial laws.

Download

Friendship Loan Agreement

A Canadian legal document formalizing a loan agreement between friends, establishing clear terms while complying with federal and provincial lending laws.

Download

Syndicated Facility Agreement

Canadian law-governed agreement establishing terms for a syndicated loan facility provided by multiple lenders to a borrower, including loan terms, parties' rights, and obligations.

Download

Private Loan Agreement For (Real Estate)

A Canadian-law governed agreement establishing terms and conditions for a private loan secured by real estate property, including loan terms, security arrangements, and party obligations.

Download

Peer To Peer Lending Agreement

A Canadian-law governed agreement establishing terms and conditions for direct lending between private individuals, including loan terms, interest rates, and mutual obligations.

Download

Revolving Credit Contract

A Canadian law-governed agreement establishing a revolving credit facility that allows for multiple draw-downs and repayments up to a specified credit limit.

Download

Family Member Promissory Note

A Canadian legal document formalizing loan agreements between family members, establishing terms, conditions, and repayment obligations in compliance with federal and provincial regulations.

Download

Vendor Finance Loan Agreement

Canadian-law governed agreement establishing terms for vendor-provided financing for goods or equipment purchase, including loan terms, security, and enforcement provisions.

Download

Fixed Sum Loan Agreement Early Settlement

Canadian-law governed fixed-sum loan agreement with early settlement provisions, compliant with federal and provincial lending regulations.

Download

Employee Loan Agreement Interest

A Canadian-law governed agreement establishing terms for an employer-provided loan to an employee, including interest rates, repayment terms, and compliance with relevant regulations.

Download

Acknowledgement Of Debt Agreement

A Canadian legal document formally acknowledging a debt obligation and establishing repayment terms, governed by federal and provincial laws.

Download

Construction Loan Contract

A legal agreement governing construction project financing in Canada, outlining loan terms, construction requirements, and compliance with federal and provincial regulations.

Download

Demand Loan

A Canadian jurisdiction agreement establishing terms for a loan that can be called for repayment at any time by the lender, including amount, interest, and parties' obligations.

Download

Home Equity Loan Agreement

A Canadian-law governed agreement establishing terms for borrowing against home equity, detailing loan conditions, security arrangements, and compliance with federal and provincial regulations.

Download

Inter Lender Agreement

A Canadian-law governed agreement establishing priorities and relationships between multiple lenders providing financing to the same borrower.

Download

Overagreement

Canadian master agreement establishing framework terms for ongoing business relationships and subsequent agreements.

Download

Facility Letter Mortgage

A Canadian legal document combining credit facility terms with mortgage security requirements, setting out the conditions for property-secured lending under Canadian federal and provincial regulations.

Download

Credit Terms Agreement

A Canadian-law governed agreement establishing credit terms between parties, including credit limits, interest rates, and payment conditions in compliance with federal and provincial regulations.

Download

Assignment Of Loan Agreement

A Canadian legal document transferring loan rights and obligations from one lender to another, compliant with federal and provincial regulations.

Download

Agreement Between Two Persons For Money

A Canadian-law governed agreement documenting a monetary loan between two individuals, establishing loan terms, repayment conditions, and legal obligations.

Download

Subordinated Loan Agreement

A Canadian-law governed agreement establishing terms for a subordinated loan and its ranking below senior debt obligations.

Download

Work Loan Agreement

A Canadian legal agreement establishing terms for an employer-provided loan to an employee, including repayment terms and employment relationship considerations.

Download

Peer To Peer Lending Contract

A Canadian-law governed agreement establishing terms and conditions for direct lending between private individuals, including loan terms, obligations, and regulatory compliance requirements.

Download

Letter To Borrow Money From Friend

A Canadian-compliant formal letter documenting a personal loan agreement between friends, establishing loan terms while maintaining legal validity under Canadian law.

Download

Student Loan Agreement

A Canadian-law governed agreement establishing terms and conditions for student financial assistance, compliant with federal and provincial student loan regulations.

Download

Simple Loan Application Form

A Canadian-compliant loan application form for collecting borrower information and required disclosures under federal and provincial lending regulations.

Download

Private Lending Term Sheet

A Canadian-compliant document outlining key terms and conditions for a private lending arrangement, serving as the foundation for a final loan agreement.

Download

Personal Loan Receipt

A Canadian-compliant document acknowledging receipt of a personal loan, specifying loan amount, terms, and parties' obligations.

Download

Payday Loan Contract

Canadian payday loan agreement template compliant with federal and provincial regulations, governing short-term consumer loans with mandatory disclosures and protections.

Download

Loan Note

A Canadian-law governed financial instrument documenting loan terms, repayment obligations, and security arrangements between lender and borrower.

Download

Investment Loan Contract

A Canadian-law governed agreement establishing terms for an investment-purposed loan, including loan terms, investment parameters, and regulatory compliance requirements.

Download

Facility Agreement

A Canadian law-governed agreement establishing terms for providing credit facilities, including loan terms, security arrangements, and compliance with Canadian banking regulations.

Download
See more related templates

Genie’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; Genie’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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now