The Secured Loan Agreement is a fundamental financing document used in Nigerian banking and commercial transactions when a lender provides funding against specific collateral. This document is essential when parties wish to establish a secured lending relationship with clearly defined rights and obligations. The agreement must comply with Nigerian legislation, including the Companies and Allied Matters Act 2020, Central Bank of Nigeria regulations, and the Secured Transactions in Movable Assets Act 2017. It typically includes detailed provisions on the security package, loan terms, conditions precedent, representations and warranties, covenants, and enforcement mechanisms. The document is particularly important for protecting the lender's interests while providing transparency to the borrower regarding their obligations and the consequences of default.
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.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the lender, borrower, and any guarantors or security providers
2. Background: Context of the loan arrangement and purpose of the facility
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. The Facility: Details of the loan amount, purpose, and drawdown conditions
5. Interest and Fees: Interest rate, calculation method, default interest, and applicable fees
6. Repayment Terms: Repayment schedule, prepayment provisions, and payment mechanics
7. Security: Description of security package and creation of security interests
8. Representations and Warranties: Statements of fact and assurances given by the borrower
9. Covenants: Positive and negative obligations of the borrower during the loan term
10. Events of Default: Circumstances constituting default and consequences
11. Enforcement: Rights and remedies of the lender upon default
12. Boilerplate Provisions: Standard legal provisions including notices, amendments, governing law
1. Guarantees: Required when third-party guarantees are part of the security package
2. Insurance: Detailed insurance requirements for secured assets, if applicable
3. Assignment and Transfer: Include when the loan may be syndicated or transferred
4. Additional Security Provider Provisions: Required when security providers are different from the borrower
5. Tax Provisions: Detailed tax provisions when complex tax implications exist
6. Multiple Lender Provisions: Required for syndicated facilities with multiple lenders
7. Currency Provisions: Required for loans involving multiple currencies
8. Account Bank Provisions: Required when specific account arrangements are part of the security
1. Conditions Precedent: List of documents and conditions required before drawdown
2. Form of Drawdown Request: Template for borrower to request loan disbursement
3. Repayment Schedule: Detailed schedule of repayment dates and amounts
4. Security Details: Detailed description of secured assets and security documents
5. Form of Transfer Certificate: Template for transferring loan interests if permitted
6. Form of Compliance Certificate: Template for periodic compliance reporting
7. Security Documents: Forms of debenture, charge, or other security instruments
8. Notice Requirements: Templates for various notices required under the agreement
Relevant legal definitions
Acceleration Event
Account Bank
Additional Security Provider
Affiliate
Applicable Law
Authorisation
Available Commitment
Banking Day
Borrower
Business Day
CBN
Charged Assets
Commitment
Conditions Precedent
Default
Default Interest
Default Rate
Drawdown Date
Drawdown Notice
Encumbrance
Event of Default
Facility
Facility Amount
Final Maturity Date
Financial Indebtedness
Financial Statements
Government Agency
Guarantor
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Material Adverse Effect
Naira
Obligor
Payment Date
Potential Event of Default
Prepayment Amount
Principal Amount
Repayment Date
Repayment Schedule
Security
Security Assets
Security Documents
Security Interest
Security Period
Security Provider
Secured Obligations
Stamp Duty
Tax
Transaction Documents
Utilisation
Utilisation Date
Warranty
Account Bank
Additional Security Provider
Affiliate
Applicable Law
Authorisation
Available Commitment
Banking Day
Borrower
Business Day
CBN
Charged Assets
Commitment
Conditions Precedent
Default
Default Interest
Default Rate
Drawdown Date
Drawdown Notice
Encumbrance
Event of Default
Facility
Facility Amount
Final Maturity Date
Financial Indebtedness
Financial Statements
Government Agency
Guarantor
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Material Adverse Effect
Naira
Obligor
Payment Date
Potential Event of Default
Prepayment Amount
Principal Amount
Repayment Date
Repayment Schedule
Security
Security Assets
Security Documents
Security Interest
Security Period
Security Provider
Secured Obligations
Stamp Duty
Tax
Transaction Documents
Utilisation
Utilisation Date
Warranty
Clauses
Interpretation
Definitions
Facility Terms
Purpose
Conditions Precedent
Drawdown
Interest
Fees and Expenses
Repayment
Prepayment
Security Creation
Security Perfection
Further Assurance
Representations and Warranties
Financial Covenants
General Undertakings
Information Undertakings
Events of Default
Acceleration
Enforcement
Set-off
Changes to Parties
Assignment and Transfer
Payments
Tax Gross-up
Stamp Duties
Currency
Notices
Calculations
Partial Invalidity
Remedies and Waivers
Amendments
Counterparts
Confidentiality
Governing Law
Dispute Resolution
Force Majeure
Entire Agreement
Third Party Rights
Definitions
Facility Terms
Purpose
Conditions Precedent
Drawdown
Interest
Fees and Expenses
Repayment
Prepayment
Security Creation
Security Perfection
Further Assurance
Representations and Warranties
Financial Covenants
General Undertakings
Information Undertakings
Events of Default
Acceleration
Enforcement
Set-off
Changes to Parties
Assignment and Transfer
Payments
Tax Gross-up
Stamp Duties
Currency
Notices
Calculations
Partial Invalidity
Remedies and Waivers
Amendments
Counterparts
Confidentiality
Governing Law
Dispute Resolution
Force Majeure
Entire Agreement
Third Party Rights
Relevant Industries
Banking & Financial Services
Real Estate
Manufacturing
Agriculture
Oil & Gas
Technology
Telecommunications
Infrastructure
Mining
Retail & Consumer Goods
Healthcare
Transportation & Logistics
Construction
Energy
Relevant Teams
Legal
Finance
Risk Management
Compliance
Credit
Treasury
Corporate Secretariat
Business Development
Commercial
Operations
Relevant Roles
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Banking Lawyer
Risk Manager
Credit Officer
Loan Officer
Relationship Manager
Security Trustee
Compliance Officer
Treasury Manager
Financial Controller
Company Secretary
Commercial Director
Business Development Manager
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
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
.png)
.png)