The Letter of Intent for Bank Loan is a crucial preliminary document in New Zealand's loan application process, typically used when businesses or individuals seek substantial financing from banking institutions. This document serves as a formal expression of interest and initial understanding between the parties, outlining key aspects such as the proposed loan amount, purpose, basic terms, and the borrower's financial position. While not a binding loan agreement, it demonstrates serious intent and provides a framework for further negotiations. The document must align with New Zealand's banking regulations, including the Reserve Bank of New Zealand Act 2021 and the Credit Contracts and Consumer Finance Act 2003. It's particularly important for complex loan applications or when dealing with significant loan amounts where detailed preliminary discussions are necessary before proceeding to formal loan documentation.
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. Date and Address Block: Formal business letter header including date and bank's address
2. Recipient Details: Name and title of the bank representative or department
3. Subject Line: Clear indication that this is a Letter of Intent for a Bank Loan
4. Introduction: Brief introduction of the borrower and purpose of the letter
5. Loan Purpose: Clear statement of the intended use of the loan funds
6. Loan Amount: Specified amount being requested
7. Basic Terms: Preliminary understanding of key loan terms such as proposed repayment period and rough interest rate expectations
8. Business/Project Overview: Brief description of the business or project requiring funding
9. Financial Position: Summary of current financial status and ability to repay
10. Timeline: Proposed timeline for loan processing and funding
11. Closing Statement: Expression of commitment to proceed and willingness to provide additional information
12. Signature Block: Formal signature section with name and title of the borrower
1. Security Details: Include when specific collateral or security has been discussed
2. Financial Projections Summary: Include for business loans where future performance is crucial to repayment ability
3. Related Party Information: Include when guarantors or additional parties are involved in the loan
4. Existing Banking Relationships: Include when there are other relevant banking relationships that strengthen the application
5. Conditions Precedent: Include when specific conditions have been discussed that need to be met before loan approval
6. Non-Binding Statement: Include when there's a need to explicitly state that the LOI is not a binding commitment
1. Financial Summary Schedule: High-level overview of key financial metrics and statements
2. Project Timeline Appendix: Detailed timeline for project implementation and fund utilization, if applicable
3. Asset Schedule: List of major assets or proposed collateral, if specific security has been discussed
4. Supporting Documents List: Index of additional documents that will be provided during the formal application process
Relevant legal definitions
Proposed Facility
Borrower
Lender
Business Day
Proposed Loan Amount
Security
Interest Rate
Proposed Term
Purpose
Conditions Precedent
Facility Documents
Financial Year
Material Adverse Effect
Permitted Purpose
Relevant Jurisdiction
Security Interest
Related Party
Guarantor
Project
Repayment Schedule
Default Interest
Financial Statements
Business Plan
Due Diligence
Borrower
Lender
Business Day
Proposed Loan Amount
Security
Interest Rate
Proposed Term
Purpose
Conditions Precedent
Facility Documents
Financial Year
Material Adverse Effect
Permitted Purpose
Relevant Jurisdiction
Security Interest
Related Party
Guarantor
Project
Repayment Schedule
Default Interest
Financial Statements
Business Plan
Due Diligence
Clauses
Relevant Industries
Banking and Financial Services
Real Estate and Property Development
Manufacturing
Retail
Agriculture
Technology and Software
Construction
Healthcare
Hospitality and Tourism
Transport and Logistics
Professional Services
Education
Mining and Resources
Media and Entertainment
Relevant Teams
Finance
Legal
Treasury
Risk Management
Corporate Banking
Credit Analysis
Business Development
Executive Leadership
Compliance
Commercial Banking
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Financial Controller
Business Development Manager
Corporate Lawyer
Bank Manager
Loan Officer
Credit Analyst
Risk Manager
Company Director
Managing Director
CEO
Financial Advisor
Commercial Banking Manager
Relationship Manager
Corporate Banking Officer
Find the exact document you need
Letter Of Intent To Study
A formal declaration under New Zealand law expressing a prospective student's intention to enroll in a specific educational program at a New Zealand institution.
find out more
Letter Of Intent To Rent Apartment
A formal expression of interest document used in New Zealand's residential rental market to communicate a prospective tenant's intention to lease a specific apartment, outlining proposed terms and conditions.
find out more
Letter Of Intent For Vacant Position
A preliminary document used in New Zealand employment context to express intent to hire and outline basic employment terms before finalizing a formal employment agreement.
find out more
Letter Of Intent For University Application
A formal letter used in New Zealand's university application process to express intent to study in a specific program, outlining the applicant's background and objectives.
find out more
Letter Of Intent For Staying In A Job
A formal letter under New Zealand employment law where an employee declares their intention to continue employment with their current organization for a specified period.
find out more
Letter Of Intent For Returning To Work
A formal document used in New Zealand employment context to communicate an employee's planned return to work after an extended absence, including proposed arrangements and any required accommodations.
find out more
Letter Of Intent For Nurse Position
A preliminary employment document outlining intended terms and conditions for a nursing position in New Zealand healthcare settings, subject to New Zealand law.
find out more
Letter Of Intent For Job Vacancy
A preliminary document used in New Zealand employment practices that indicates an employer's intention to offer employment, subject to conditions and formal agreement.
find out more
Letter Of Intent For Continuing Teaching
A New Zealand-compliant document expressing an institution's intent to offer a permanent teaching position, outlining preliminary terms and conditions under NZ education law.
find out more
Letter Of Intent For Bank Loan
A preliminary document used in New Zealand banking to express formal intent to proceed with a loan application and outline basic proposed terms.
find out more
Letter Of Intent (Finance)
A preliminary document under New Zealand law outlining proposed terms and conditions for a financial transaction, establishing the framework for negotiation and due diligence.
find out more
Letter Intent For Scholarship
A formal New Zealand-compliant document confirming a student's acceptance of a scholarship offer and commitment to its terms and conditions.
find out more
Intent To Purchase Agreement (Real Estate)
A New Zealand-compliant agreement documenting a potential purchaser's intention to buy a property, subject to conditions and due diligence.
find out more
Intent Letter For Retirement
A formal written notification of an employee's intention to retire from their position, governed by New Zealand employment law.
find out more
Intent Letter For Renting A Space
A non-binding preliminary document under New Zealand law that outlines the basic terms and intentions for a potential property lease agreement.
find out more
Lease Proposal Letter Of Intent
A preliminary document used in New Zealand to outline proposed terms and conditions for a commercial lease agreement, serving as a framework for subsequent lease negotiations.
find out more
Business Letter Of Intent
A preliminary business document under New Zealand law outlining the basic terms and understanding between parties considering a business transaction or relationship.
find out more
Letter Of Intent To Offer Services
A preliminary document under New Zealand law outlining proposed service terms and conditions, serving as a precursor to a formal service agreement.
find out more
Letter Of Intent To Continue Employment
A formal document under New Zealand law confirming the continuation of an existing employment relationship, outlining ongoing terms and any updates to the employment arrangement.
find out more
Letter Of Intent For Business Franchise
A preliminary document under New Zealand law that outlines the intended terms and conditions between a franchisor and potential franchisee before establishing a formal franchise agreement.
find out more
Letter Of Intent For Will
A New Zealand guidance document that accompanies a will to provide context and explanation for the testator's decisions and wishes.
find out more
Letter Of Intent To Sell Vehicle
A preliminary document under New Zealand law expressing the intention to sell/purchase a vehicle, outlining basic terms and conditions of the proposed sale.
find out more
Intent To Vacate Notice
A legally compliant New Zealand notice document used by tenants to formally communicate their intention to vacate a rental property to their landlord or property manager.
find out more
Loi For Business Purchase
A preliminary document under New Zealand law outlining the proposed terms and conditions for a business acquisition, serving as a framework for negotiations and future definitive agreements.
find out more
Letter Of Interest (Real Estate)
A non-binding document under New Zealand law expressing formal interest in purchasing a specific property, serving as a preliminary step in real estate negotiations.
find out more
Letter Of Intent For Employment
A preliminary document used in New Zealand employment processes that outlines proposed employment terms and conditions before issuing a formal employment agreement.
find out more
Letter Of Intent Real Estate Lease
A preliminary document under New Zealand law outlining proposed terms and conditions for a future commercial lease agreement.
find out more
Real Estate Letter Of Intent
A preliminary document under New Zealand law outlining proposed terms and conditions for a potential property purchase, serving as a formal expression of interest from buyer to seller.
find out more
Letter Of Intent Job Offer
A New Zealand-compliant preliminary employment offer document outlining key terms and conditions of employment before the formal employment agreement.
find out more
Letter Of Intent For Payment
A formal document used in New Zealand business context to declare intention to make specific payments, typically serving as a preliminary commitment under New Zealand law.
find out more
Letter Of Intent For Leave Of Absence
A formal document used in New Zealand to communicate an employee's intention to take an extended leave of absence, complying with NZ employment law.
find out more
Letter Of Intent For Business Supplier
A preliminary document under New Zealand law that outlines intended terms and conditions for a proposed business supply arrangement, setting the framework for future negotiations.
find out more
Letter Of Intent For Business Closure
A formal notice under New Zealand law declaring the intent to cease business operations and outlining the closure process.
find out more
Letter Of Intent Business Partnership
A preliminary document under New Zealand law outlining proposed terms and conditions for a future business partnership arrangement.
find out more
Letter Of Interest Loi
A formal expression of business interest document governed by New Zealand law, typically used to initiate commercial negotiations and outline preliminary terms.
find out more
Intent To Lien Letter
A formal notice under New Zealand construction law informing property owners of intent to register a lien for unpaid construction work or materials.
find out more
Intent Letter For Resignation
A formal notification of employment termination under New Zealand law, communicating an employee's intention to resign from their current position.
find out more
Commercial Lease Letter Of Intent
A preliminary document used in New Zealand commercial property transactions that outlines proposed lease terms and conditions, serving as a framework for lease negotiations.
find out more
Small Business Letter Of Intent For Business
A preliminary business agreement document under New Zealand law that outlines proposed terms and intentions for future business arrangements between small business entities.
find out more
Proposal To Lease Commercial Space
A New Zealand commercial property document outlining proposed terms and conditions for leasing commercial space, serving as the foundation for lease negotiations.
find out more
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)