The Loan Agreement With Security is a crucial document used in secured lending transactions within the Indian jurisdiction. It is typically employed when a lender requires security over specific assets as collateral for a loan, providing additional protection beyond the borrower's promise to repay. The agreement combines elements of both a standard loan agreement and security creation documentation, incorporating requirements from Indian banking regulations, property laws, and security enforcement legislation. It is commonly used in various contexts, from corporate financing to asset-backed lending, and can be adapted for different types of security including immovable property, equipment, receivables, or other assets. The document must comply with specific Indian legal requirements regarding registration, stamp duty, and enforceability of security interests.

1. Parties: Identifies and defines the Lender and Borrower with their complete legal names, addresses, and registration details

2. Background: Sets out the context of the loan, including the purpose and the parties' intention to create security

3. Definitions: Defines key terms used throughout the agreement including Loan Amount, Security, Interest Rate, Event of Default etc.

4. Loan Details: Specifies the principal amount, purpose, disbursement conditions and schedule

5. Interest and Fees: Details the interest rate, calculation method, payment periods, and any additional fees or charges

6. Security Creation: Creates and defines the security interest over the specified assets

7. Representations and Warranties: Sets out the statements of fact and assurances given by the Borrower

8. Borrower's Covenants: Lists positive and negative obligations of the Borrower during the loan term

9. Events of Default: Defines circumstances that constitute default and trigger enforcement rights

10. Rights and Remedies: Details the Lender's rights upon default, including enforcement of security

11. Payment Terms: Specifies repayment schedule, prepayment terms, and payment mechanics

12. Boilerplate Clauses: Standard clauses covering notices, amendments, governing law, jurisdiction, etc.