The Family Loan Agreement is designed for situations where family members wish to formalize a lending arrangement under New Zealand law. This document is particularly useful when substantial sums are involved or when parties want to ensure clarity and legal protection despite the familial relationship. The agreement includes essential elements such as loan amount, repayment terms, and any applicable interest rates, while also addressing unique considerations that arise in family lending situations. It can be used for various purposes, from helping family members purchase property to funding business ventures or education. The document ensures compliance with New Zealand contract law and relevant financial regulations while maintaining the flexibility needed to accommodate family dynamics. It's particularly important for protecting all parties' interests and preventing future misunderstandings or disputes that could damage family relationships.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the family member providing the loan (Lender) and the family member receiving the loan (Borrower), including full legal names and addresses
2. Background: Explains the context of the family loan arrangement and the intention of the parties to create a legally binding agreement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Loan Amount and Purpose: Specifies the exact amount being lent and the intended purpose of the loan
5. Repayment Terms: Details the repayment schedule, including payment amounts, frequency, and method of payment
6. Interest: Specifies whether interest applies, and if so, the rate and calculation method
7. Default and Remedies: Outlines what constitutes a default and the agreed courses of action, considering the family relationship
8. Representations and Warranties: Basic statements about the parties' capacity to enter into the agreement and their understanding of its implications
9. Termination: Conditions under which the loan agreement can be terminated or fully discharged
10. General Provisions: Standard contract clauses including governing law, notices, and amendment procedures
11. Execution: Formal signing section compliant with NZ law requirements
1. Security: Include when the loan is secured against specific assets or property
2. Early Repayment: Include when parties want to specifically allow for early repayment options and any associated conditions
3. Death or Incapacity: Include specific provisions for what happens to the loan in case of death or incapacity of either party
4. Relationship Breakdown Provisions: Include when lending between or to married/de facto couples to address loan treatment in case of separation
5. Loan Forgiveness: Include when parties want to specify conditions under which part or all of the loan might be forgiven
6. Assignment and Succession: Include when parties want to specify whether the loan can be assigned or how it should be handled in estate planning
7. Independent Legal Advice: Include when parties want to formally acknowledge they had the opportunity to seek independent legal advice
1. Repayment Schedule: Detailed breakdown of repayment dates and amounts
2. Security Details: If applicable, detailed description of any assets provided as security
3. Loan Disbursement Schedule: If the loan is to be provided in installments, details of when and how much will be advanced
4. Certificate of Independent Legal Advice: If applicable, signed certificates from legal advisors confirming independent advice was given
5. Family Member Acknowledgment: Optional acknowledgment by other family members of their awareness of the loan arrangement
Find the exact document you need
Soft Loan Agreement
A New Zealand-governed agreement establishing concessional loan terms with favorable conditions including below-market rates and flexible repayment options.
Download
Small Loan Agreement
A New Zealand-compliant small loan agreement that sets out terms for lending and borrowing money, adhering to CCCFA requirements.
Download
Private Lender Loan Agreement
A New Zealand-compliant loan agreement between a private lender and borrower, setting out loan terms, conditions, and obligations under NZ law.
Download
Factoring Agreement
A New Zealand-governed agreement establishing terms for the purchase of accounts receivable by a factor from a business client.
Download
Loan For Use Agreement
A New Zealand-compliant agreement establishing terms for the temporary, gratuitous loan of items or assets between parties.
Download
Equipment Lease Purchase Option
New Zealand-governed agreement for equipment lease with purchase option, detailing lease terms and purchase conditions under NZ commercial law.
Download
Bank Guarantee Agreement
A New Zealand-governed agreement where a bank guarantees payment to a beneficiary upon specified conditions if a principal debtor defaults on their obligations.
Download
Tri Party Agreement Home Loan
A New Zealand-governed agreement establishing a three-way home loan arrangement between a lender, borrower, and third party, compliant with CCCFA requirements.
Download
Car Payment Plan Contract
A New Zealand-compliant agreement for vehicle purchase through structured payments, establishing terms, security interests, and party obligations under NZ law.
Download
Guarantor Agreement For Loan
A New Zealand law-governed agreement where a guarantor commits to fulfilling a borrower's loan obligations in case of default, subject to NZ CCCFA requirements.
Download
Building Loan Agreement
A New Zealand-governed agreement establishing terms for construction-specific financing, including drawdown procedures and building requirements.
Download
Joint Venture Investment Agreement
A New Zealand-governed agreement establishing terms and conditions for a joint venture investment, including structure, contributions, management, and exit provisions.
Download
Loan Sharing Agreement
A New Zealand-compliant agreement governing the sharing of loan obligations and rights between multiple lenders for a single borrowing arrangement.
Download
Vendor Finance Agreement
A New Zealand law-governed agreement establishing terms for vendor-provided financing arrangements, including payment terms, security interests, and party obligations.
Download
Finance Contract
A New Zealand law-governed agreement establishing terms and conditions for a financial facility between lender and borrower, including key financial terms, security arrangements, and regulatory compliance requirements.
Download
Family Loan Agreement
A New Zealand-compliant legal agreement that formalizes and documents the terms of a monetary loan between family members.
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)