Capital Loan Agreement for Nigeria

Capital Loan Agreement Template for Nigeria

A Capital Loan Agreement governed by Nigerian law is a comprehensive legal document that establishes the terms and conditions for substantial financial lending between a lender (typically a financial institution) and a borrower. The agreement is structured to comply with Nigerian banking regulations, including the Banks and Other Financial Institutions Act (BOFIA) 2020 and relevant Central Bank of Nigeria directives. It details the loan amount, purpose, interest rates, repayment terms, security arrangements, and default provisions while incorporating specific requirements of Nigerian financial law and common law principles.

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
Capital 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 Capital Loan Agreement?

The Capital Loan Agreement is essential for significant financial transactions in Nigeria, particularly when businesses or individuals require substantial capital for expansion, asset acquisition, or project financing. This document is crafted to ensure compliance with Nigerian financial regulations, including BOFIA 2020, the Central Bank of Nigeria Act, and state-specific money lending laws. The agreement typically includes comprehensive terms covering loan disbursement, security arrangements, covenants, and enforcement mechanisms. It's particularly important in the Nigerian context due to the specific regulatory requirements for financial institutions and the need to ensure proper documentation for foreign exchange transactions where applicable. The Capital Loan Agreement serves as the primary contract governing the lending relationship and must be structured to protect both lender and borrower interests while ensuring enforceability under Nigerian law.

What sections should be included in a Capital Loan Agreement?

1. Parties: Identifies and provides full details of the lender and borrower, including registration numbers for corporate entities

2. Background: Explains the context of the loan agreement and the parties' intentions

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

4. The Facility: Details the loan amount, purpose, and drawdown conditions

5. Interest: Specifies interest rate, calculation method, and payment terms

6. Repayment: Sets out the repayment schedule, method, and prepayment terms

7. Conditions Precedent: Lists conditions that must be satisfied before the loan becomes available

8. Representations and Warranties: States the factual assurances given by the borrower

9. Covenants: Details positive and negative obligations of the borrower during the loan term

10. Events of Default: Lists circumstances that would constitute default and their consequences

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

12. Governing Law and Jurisdiction: Confirms Nigerian law as governing law and specifies jurisdiction for disputes

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

1. Security: Required when the loan is secured against specific assets or guarantees

2. Guarantee: Included when there are third-party guarantors for the loan

3. Insurance: Required when specific insurance coverage is mandatory for the borrower

4. Assignment and Transfer: Included when either party may need to transfer their rights or obligations

5. Increased Costs: Used when the lender needs protection against regulatory or legal changes affecting costs

6. Tax Gross-Up: Required when tax implications need specific attention

7. Multiple Lenders: Included when there is more than one lender or potential for syndication

8. Change of Control: Required for corporate borrowers where ownership changes may affect the facility

What schedules should be included in a Capital Loan Agreement?

1. Conditions Precedent Documents: Detailed list of required documents and conditions to be met before drawdown

2. Drawdown Request Form: Template form for requesting loan disbursements

3. Repayment Schedule: Detailed schedule of repayment dates and amounts

4. Security Details: Comprehensive description of any security or collateral provided

5. Fee Schedule: Breakdown of all applicable fees and charges

6. Permitted Security Interests: List of pre-approved security interests that may exist or be created

7. Form of Compliance Certificate: Template for periodic compliance reporting by the borrower

8. Existing Indebtedness: Schedule of borrower's existing debt obligations

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

Nigeria

Publisher

Genie AI

Document Type

Financing Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Banking

Financial Services

Manufacturing

Real Estate

Agriculture

Oil and Gas

Technology

Telecommunications

Infrastructure

Healthcare

Education

Mining

Construction

Transportation

Retail

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Credit Analysis

Corporate Secretariat

Operations

Due Diligence

Document Management

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Corporate Lawyer

Finance Manager

Credit Risk Manager

Compliance Officer

Treasury Manager

Financial Controller

Loan Officer

Corporate Secretary

Risk Assessment Officer

Banking Relationship Manager

Credit Analyst

Due Diligence Officer

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

Simple Interest Loan Contract

A Nigerian law-governed agreement establishing terms for a loan with simple interest calculation, including repayment terms and party obligations.

Download

Factoring Agreement

A Nigerian law-governed agreement establishing terms for the purchase of accounts receivable by a Factor from a Client, including pricing, procedures, and parties' obligations.

Download

Employees Loan Agreement

A Nigerian law-governed agreement establishing terms for workplace loans between employers and employees, including repayment through salary deductions.

Download

Co Financing Agreement

A Nigerian law-governed agreement establishing terms for multiple financial institutions to jointly finance a project, including contribution ratios, disbursement mechanisms, and inter-creditor arrangements.

Download

Litigation Funding Agreement

A Nigerian law-governed agreement setting out terms for third-party funding of litigation, including funding commitments, returns, and risk allocation.

Download

Loan Facilitation Agreement

A Nigerian law-governed agreement establishing terms for loan facilitation services between lenders and borrowers, ensuring regulatory compliance and defining party obligations.

Download

Simple Loan Term Sheet

A Nigerian law-governed preliminary document outlining key commercial and legal terms for a proposed loan facility, serving as the basis for a detailed loan agreement.

Download

Loan For Use Agreement

A Nigerian law-governed agreement allowing temporary, free use of an item or asset, with an obligation to return it in its original condition.

Download

Hire Purchase Agreement For Car

A Nigerian law-governed agreement for the purchase of a vehicle through installment payments, with ownership transferring upon final payment.

Download

International Loan Agreement

Nigerian law-governed agreement for international lending transactions, incorporating local regulatory requirements and international banking standards.

Download

Film Financing Agreement

A Nigerian law-governed agreement setting out terms for film production financing, including investment structure, rights, and profit-sharing arrangements.

Download

Undertaking Loan Agreement

A Nigerian law-governed loan agreement setting out terms, conditions, and undertakings between lender and borrower, with specific compliance requirements under Nigerian banking regulations.

Download

Trade Finance Agreement

Nigerian law-governed agreement establishing terms for trade finance facilities between financial institutions and trading entities, incorporating local regulatory requirements and international practices.

Download

Real Estate Loan Agreement

A Nigerian law-governed agreement establishing terms for a real estate-secured loan, including property security arrangements and regulatory compliance requirements.

Download

Project Finance Contract

A Nigerian law-governed agreement establishing terms for project financing of large-scale infrastructure or development projects, incorporating local regulatory requirements and international best practices.

Download

Official Loan Agreement

A Nigerian law-governed loan agreement establishing formal lending terms between parties, compliant with local banking regulations and financial laws.

Download

Margin Loan Agreement

A Nigerian law-governed agreement establishing terms for margin lending facilities, including loan terms, collateral requirements, and regulatory compliance measures.

Download

Loan Swap Agreement

A Nigerian law-governed agreement enabling the exchange of loan obligations between parties, including provisions for interest rate or currency swaps and regulatory compliance.

Download

Financing Contract Agreement

A Nigerian law-governed agreement establishing the terms and conditions of a financing facility between lender and borrower, including loan terms, security arrangements, and regulatory compliance requirements.

Download

Financial Support Agreement

A Nigerian law-governed agreement establishing terms for financial support between parties, including funding terms, repayment conditions, and regulatory compliance requirements.

Download

Financial Assistance Agreement

A Nigerian law-governed agreement establishing terms and conditions for providing financial assistance, including loan terms, security arrangements, and regulatory compliance requirements.

Download

Financial Agreement Between Two Parties

A Nigerian law-governed financial agreement template for structuring financial arrangements between two parties, ensuring regulatory compliance and clear terms.

Download

Car Loan Agreement Between Individuals

A Nigerian-law governed agreement between private individuals for a car loan, establishing terms, conditions, and security arrangements for vehicle financing.

Download

Car Loan Agreement Between Family

A Nigerian law-governed agreement formalizing a car loan arrangement between family members, including loan terms, vehicle security, and repayment provisions.

Download

Car Installment Agreement

A Nigerian law-governed agreement for vehicle purchase through installment payments, detailing payment terms, ownership rights, and party obligations.

Download

Car Finance Contract

A Nigerian law-governed agreement establishing terms and conditions for vehicle financing, including payment obligations, security interests, and regulatory compliance requirements.

Download

Bridge Financing Agreement

A Nigerian law-governed agreement providing temporary financing to bridge gaps between immediate capital needs and long-term funding solutions.

Download

Bridge Facility Agreement

A Nigerian law-governed temporary financing arrangement providing short-term funding while permanent financing is arranged.

Download

Auto Finance Contract

A Nigerian law-governed vehicle financing agreement that structures the terms and conditions for vehicle purchase financing, ensuring compliance with local banking and consumer protection regulations.

Download

Motorcycle Hire Purchase Agreement

A Nigerian law-governed agreement for motorcycle purchase through hire purchase arrangements, detailing payment terms, ownership rights, and obligations.

Download

Tri Party Loan Agreement

A Nigerian law-governed agreement establishing a three-way loan arrangement between lender, borrower, and a third party, detailing loan terms and parties' obligations.

Download

Standard Hire Purchase Agreement

A Nigerian law-governed agreement enabling purchase of goods through installments, with ownership transferring upon final payment.

Download

Master Asset Finance Agreement

A Nigerian law-governed master agreement establishing terms for ongoing asset financing arrangements between a financial institution and borrower.

Download

Development Credit Agreement

A Nigerian law-governed agreement establishing terms for development financing, including credit facility arrangements, project implementation requirements, and compliance obligations.

Download

Consortium Loan Agreement

A Nigerian law-governed agreement establishing terms for a multi-lender loan facility, including syndication and security arrangements.

Download

Small Business Loan Agreement

Nigerian-law governed loan agreement between a financial institution and small business, detailing loan terms, security, and obligations under CBN regulations.

Download

Small Credit Agreement

Nigerian-law governed Small Credit Agreement template for structured small-scale lending transactions, compliant with local banking and consumer protection regulations.

Download

Mortgage Loan Purchase Agreement

A Nigerian law-governed agreement for the sale and purchase of mortgage loan portfolios between financial institutions, including transfer and servicing arrangements.

Download

Loan Agreement Between Lender Borrower And Guarantor

Nigerian law-governed loan agreement establishing lending terms between lender, borrower, and guarantor, with comprehensive security and obligation provisions.

Download

Monthly Payment Plan Agreement

A Nigerian law-governed agreement establishing structured monthly payment terms between parties, including payment schedules, conditions, and regulatory compliance requirements.

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