The Short Form Loan Agreement is designed for use in Nigeria when parties require a streamlined but legally robust lending document. This template is particularly valuable for transactions where the loan amount or complexity doesn't warrant a full facility agreement, while still ensuring compliance with Nigerian banking regulations and financial laws. It's commonly used by banks, microfinance institutions, and private lenders for personal loans, small business financing, or straightforward commercial lending. The document includes essential provisions required by Nigerian law including interest rate specifications (in line with Central Bank of Nigeria guidelines), repayment terms, events of default, and enforcement mechanisms. It's structured to be both comprehensive enough to protect the lender's interests and accessible enough for borrowers to understand their obligations.
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 Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the lender and borrower with full legal names and addresses
2. Background: Brief context of the loan arrangement and purpose
3. Definitions: Key terms used throughout the agreement
4. Loan Amount and Purpose: Specification of the loan amount and permitted use of funds
5. Interest Rate: Interest rate, calculation method and payment frequency
6. Repayment Terms: Payment schedule, method of payment, and prepayment provisions
7. Conditions Precedent: Conditions that must be satisfied before the loan is advanced
8. Representations and Warranties: Basic statements of fact and assurances from the borrower
9. Events of Default: Circumstances constituting default and consequences
10. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
11. Execution: Signature blocks and execution details
1. Security: Required if the loan is secured - details of collateral or security arrangements
2. Guarantor Provisions: Required if there is a guarantor for the loan
3. Insurance Requirements: Required if specific insurance must be maintained for secured assets
4. Assignment and Transfer: Include if either party needs the right to assign the agreement
5. Change of Circumstances: Include for longer-term loans to address material changes affecting the borrower
6. Financial Covenants: Include if specific financial ratios or conditions must be maintained
1. Repayment Schedule: Detailed breakdown of payment dates and amounts
2. Conditions Precedent Documents: List of required documents to be provided before loan disbursement
3. Security Details: If applicable, detailed description of security or collateral
4. Form of Drawdown Notice: Standard form for requesting loan disbursement
5. Fees and Charges: Detailed breakdown of all applicable fees and charges
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking
Financial Services
Microfinance
Real Estate
Small and Medium Enterprises
Agriculture
Retail
Manufacturing
Technology
Professional Services
Relevant Teams
Legal
Finance
Compliance
Risk Management
Commercial
Credit
Corporate Banking
Treasury
Business Development
Company Secretariat
Relevant Roles
Legal Counsel
Finance Manager
Credit Officer
Loan Officer
Compliance Officer
Risk Manager
Commercial Director
Business Development Manager
Corporate Banking Officer
Financial Controller
Treasury Manager
Relationship Manager
Credit Risk Analyst
Legal Manager
Company Secretary
Find the exact document you need
Debt Consolidation Agreement
A Nigerian law-governed agreement that consolidates multiple debts into a single loan, outlining terms, conditions, and obligations for all parties.
find out more
Inter Lender Agreement
A Nigerian law-governed agreement establishing rights, priorities, and relationships between multiple lenders in a syndicated or complex financing arrangement.
find out more
Salary Loan Agreement
A Nigerian law-governed agreement establishing terms for a loan secured against employee salary, including repayment through salary deductions and party obligations.
find out more
Loan Consent Form
A Nigerian law-governed document that formalizes consent and agreement between parties for a loan facility, complying with local banking regulations and consumer protection requirements.
find out more
Litigation Financing Agreement
A Nigerian law-governed agreement establishing terms for third-party litigation funding, including funding mechanisms, returns, and party obligations.
find out more
Peer To Peer Lending Contract
A Nigerian law-governed Peer to Peer Lending Contract establishing terms and conditions for direct lending between parties, ensuring compliance with local financial regulations.
find out more
Contract For Land Purchase
Nigerian law-compliant agreement for the purchase and sale of land, including essential terms and regulatory requirements under the Land Use Act.
find out more
Payday Loan Contract
Nigerian law-governed payday loan agreement setting out terms for short-term consumer lending, including regulatory compliance requirements and borrower protections.
find out more
Tripartite Loan Agreement
A Nigerian law-governed agreement establishing a lending arrangement between three parties, defining loan terms, security arrangements, and mutual obligations.
find out more
Loan And Mortgage Agreement
A Nigerian law-governed agreement combining loan terms with mortgage security arrangements, establishing both lending conditions and property security rights.
find out more
Memorandum Of Loan Agreement
A Nigerian law-governed agreement establishing loan terms and conditions between lender and borrower, ensuring regulatory compliance and protecting both parties' interests.
find out more
Fixed Sum Loan Agreement
A Nigerian law-governed agreement establishing terms and conditions for a fixed sum loan, including loan amount, interest rates, and repayment terms.
find out more
Employee Loan Repayment Agreement
A Nigerian law-governed agreement setting out terms for an employer-provided loan to an employee, including repayment through salary deductions.
find out more
Collateral In Loan Agreement
A Nigerian law-governed security agreement establishing collateral arrangements for a loan facility, detailing security creation, perfection, and enforcement rights.
find out more
Master Loan Agreement
A Nigerian law-governed agreement establishing terms and conditions for multiple loan facilities between a lender and borrower.
find out more
Loan Surety Agreement
A Nigerian law-governed agreement where a surety guarantees a borrower's loan obligations to a lender, establishing terms and enforcement mechanisms.
find out more
Loan Guarantee Agreement
A Nigerian law-governed agreement where a Guarantor assumes responsibility for a Borrower's loan obligations to a Lender, ensuring compliance with Nigerian banking and contract law requirements.
find out more
Loan Commitment Agreement
A Nigerian law-governed agreement establishing a lender's commitment to provide a loan facility, detailing terms, conditions, and regulatory compliance requirements.
find out more
Lenders Agreement
A Nigerian law-governed agreement setting out terms and conditions for lending facilities, including loan details, security arrangements, and regulatory compliance requirements.
find out more
Letter Of Borrowing Money From Company
A Nigerian law-governed letter documenting terms and conditions for borrowing money from a company, including loan amount, interest rates, and repayment terms.
find out more
Formal Letter For Borrowing Money
A formal loan request letter compliant with Nigerian law, outlining loan terms and repayment commitments between borrower and lender.
find out more
Debt Agreement Letter
A formal letter under Nigerian law documenting debt terms and conditions between parties, serving as a legally binding agreement for debt repayment.
find out more
Debt Acknowledgement And Repayment Agreement
A Nigerian law-governed agreement that formally acknowledges debt existence and establishes repayment terms between creditor and debtor.
find out more
Car Payment Agreement Between Friends
A Nigerian legal document formalizing car payment arrangements between friends, including vehicle details, payment terms, and ownership transfer conditions.
find out more
Car Mortgage Agreement
A Nigerian law-governed agreement creating a security interest in a vehicle as collateral for a loan, detailing financing terms and enforcement rights.
find out more
Bank Loan Term Sheet
A preliminary document outlining key terms and conditions of a proposed loan facility under Nigerian law, serving as the foundation for the final loan agreement.
find out more
Loan Contract For Family
A Nigerian law-governed contract formalizing loan arrangements between family members, establishing terms, conditions, and protections for both lender and borrower.
find out more
Personal Loan Agreement With Notary
A notarized personal loan agreement under Nigerian law detailing loan terms, conditions, and obligations between lender and borrower.
find out more
Mortgage Assumption Letter
A formal request letter under Nigerian law for a buyer to assume an existing mortgage from the current property owner, subject to the lender's approval.
find out more
Letter Of Intent For Business Loan
A preliminary document outlining proposed terms for a business loan arrangement under Nigerian law, serving as a formal expression of interest between lender and borrower.
find out more
Co Signer Agreement Form For Car
A Nigerian law-governed agreement establishing a co-signer's joint responsibility for a vehicle loan, outlining obligations and liabilities of all parties involved.
find out more
Building Loan Contract
A Nigerian law-governed financing agreement for construction projects, detailing loan terms, disbursement conditions, and construction requirements.
find out more
Guarantee In Loan Agreement
A Nigerian law-governed document establishing a guarantee relationship where a third party commits to fulfilling a borrower's loan obligations in case of default.
find out more
Contract For Debt Repayment
A Nigerian law-governed agreement establishing terms and conditions for debt repayment, including payment schedule, interest, and enforcement provisions.
find out more
Fee Letter Syndicated Loan
A Nigerian law-governed document detailing fee arrangements between parties in a syndicated loan transaction, including arrangement, commitment, and agency fees.
find out more
Payday Loan Agreement
A Nigerian law-governed agreement for short-term, high-interest loans tied to borrower's payday, compliant with CBN regulations and state money lending laws.
find out more
Group Loan Agreement Form
A Nigerian law-governed agreement establishing terms for group lending between a financial institution and collective borrowers, including joint liability and repayment terms.
find out more
Bill Of Sale Loan Agreement
A Nigerian law-governed agreement combining a loan facility with asset security through a bill of sale, establishing lending terms and security arrangements.
find out more
Agreement For Loan Against Property
A Nigerian law-governed agreement establishing terms for a property-secured loan, including security creation, repayment terms, and enforcement rights.
find out more
Title Loan Contract
A Nigerian law-governed agreement establishing a loan secured by a vehicle title, detailing loan terms, security interests, and enforcement rights.
find out more
Simple Interest Loan Agreement
A Nigerian law-governed agreement establishing terms for a loan with simple interest calculation, compliant with local financial regulations and lending practices.
find out more
Pawn Shop Agreement
A Nigerian law-governed agreement between a pawnbroker and pledgor establishing terms for a loan secured by personal property.
find out more
Loan To Equity Conversion Agreement
A Nigerian law-governed agreement that converts existing loan obligations into equity shares, detailing conversion terms and regulatory compliance requirements.
find out more
Digital Loan Agreement
Nigerian law-governed digital lending agreement covering online loan terms, electronic execution, and digital platform usage, compliant with Nigerian banking and data protection regulations.
find out more
Consent Letter For Loan Guarantor
A Nigerian law-compliant formal letter documenting a guarantor's consent and commitment to secure a loan, establishing legal obligations under Nigerian banking regulations.
find out more
Loan Contract With Collateral
A Nigerian law-governed agreement establishing terms for a secured loan facility with detailed collateral provisions and enforcement mechanisms.
find out more
Bridge Loan Term Sheet
Term sheet for a bridge loan facility under Nigerian law, outlining key commercial and legal terms for short-term financing arrangements.
find out more
Hard Money Loan Contract
A Nigerian law-governed agreement for asset-backed short-term lending, typically secured by real estate, outlining loan terms, security arrangements, and enforcement mechanisms.
find out more
Mortgage Contract Agreement
A Nigerian law-governed agreement creating a security interest in real property as collateral for a loan, detailing terms between lender and borrower.
find out more
Loan Servicing Agreement
A Nigerian law-governed agreement establishing terms for loan portfolio management and administration services between a loan servicer and lender/loan owner.
find out more
Loan Lease Agreement
A Nigerian law-governed agreement combining loan financing and property leasing arrangements, establishing terms for both lending and leasing of assets.
find out more
Loan Agreement With Car As Collateral
Nigerian law-governed loan agreement establishing both financing terms and security interest in a vehicle serving as collateral.
find out more
Car Loan Agreement Between Employer And Employee
A Nigerian law-governed agreement establishing terms for an employer-provided car loan to an employee, including repayment, ownership, and maintenance terms.
find out more
Bilateral Loan Agreement
A Nigerian law-governed agreement establishing loan terms between a lender and borrower, including loan amount, interest, repayment terms, and security arrangements.
find out more
Board Resolution Loan Agreement
A Nigerian law-governed document combining a board resolution authorizing a loan with the formal loan agreement terms and conditions.
find out more
Short Form Loan Agreement
A simplified loan agreement template compliant with Nigerian law, suitable for straightforward lending arrangements.
find out more
Refinance Agreement
A Nigerian law-governed agreement that restructures existing debt obligations with new terms and conditions between lender and borrower.
find out more
Master Lending Agreement
A Nigerian law-governed framework agreement establishing terms for multiple lending facilities between a financial institution and borrower, compliant with local banking regulations.
find out more
Loan Guarantee Form
A Nigerian law-governed document where a guarantor commits to fulfilling a borrower's loan obligations in case of default, subject to Nigerian banking and contract law requirements.
find out more
Gold Loan Agreement
A Nigerian law-governed agreement for securing a loan using gold as collateral, detailing loan terms, gold specifications, and security arrangements.
find out more
Car Hire Purchase Agreement
A Nigerian law-governed agreement for vehicle purchase through installment payments, where ownership transfers upon final payment completion.
find out more
Stock Lending Agreement
A Nigerian law-governed agreement establishing terms for securities lending transactions between financial institutions, compliant with SEC Nigeria and NGX regulations.
find out more
Personal Loan Contract Between Friends
A Nigerian-law compliant personal loan agreement template for lending between friends, including core loan terms and witness provisions.
find out more
Loan Agreement Between Parent Company And Subsidiary
A Nigerian law-governed loan agreement establishing terms for financial facilities between a parent company and its subsidiary, incorporating local regulatory compliance requirements.
find out more
Credit Facility Agreement
A Nigerian law-governed agreement setting out terms for provision of credit facilities between a lender and borrower, compliant with local banking regulations.
find out more
Repayment Contract
A Nigerian law-governed agreement establishing terms and conditions for debt repayment, including principal, interest, and enforcement provisions.
find out more
Loan Personal Guarantee Form
A Nigerian law-governed personal guarantee agreement where an individual assumes responsibility for a borrower's loan obligations.
find out more
Loan Release Agreement
A Nigerian law-governed agreement that releases a borrower from loan obligations, documenting settlement terms and discharge of securities.
find out more
Peer To Peer Loan Contract
A Nigerian law-governed agreement establishing terms and conditions for private lending between individuals or entities, including loan amount, interest, repayment terms, and enforcement mechanisms.
find out more
Mortgage Modification Agreement
A Nigerian law-governed agreement that modifies existing mortgage terms between lender and borrower, ensuring compliance with local property and banking regulations.
find out more
Mortgage And Security Agreement
A Nigerian law-governed agreement creating a security interest in real property to secure a loan, detailing mortgage terms and security arrangements in compliance with local property laws.
find out more
Project Finance Loan Agreement
A Nigerian law-governed loan agreement for project finance transactions, establishing terms for funding major infrastructure or development projects while ensuring compliance with local regulations.
find out more
Share Loan Agreement
A Nigerian law-governed agreement facilitating loans secured against shares, detailing lending terms and security arrangements under CAMA 2020.
find out more
Debt Forgiveness Agreement
A Nigerian law-governed agreement that formally documents the terms and conditions for forgiving a debt between parties, ensuring legal compliance and clear documentation of the arrangement.
find out more
Shareholder Loan Note
A Nigerian law-governed loan agreement between a shareholder and company, detailing terms for shareholder financing and compliance with local corporate regulations.
find out more
Equipment Loan Form
A Nigerian law-governed document establishing terms and conditions for temporary equipment loans between parties, including usage rights, responsibilities, and return conditions.
find out more
Rollover Loan Agreement
A Nigerian law-governed agreement allowing for the extension of an existing loan facility upon maturity, subject to specified conditions and regulatory requirements.
find out more
Drawdown Loan Agreement
A Nigerian law-governed agreement setting out terms for drawing down funds from a pre-approved loan facility, including drawdown mechanics, repayment terms, and regulatory compliance requirements.
find out more
Stock Borrowing Agreement
A Nigerian law-governed agreement setting out terms for temporary securities transfers between parties, including collateral arrangements and regulatory compliance requirements.
find out more
Product Loan Agreement
A Nigerian law-governed agreement setting out terms for temporary product or equipment loans between parties, including usage, maintenance, and return conditions.
find out more
Loan Master Agreement
A Nigerian law-governed master agreement establishing the framework for lending facilities between financial institutions and borrowers.
find out more
Personal Loan Promissory Note
A Nigerian law-governed promissory note documenting a personal loan agreement with repayment terms and conditions.
find out more
Debt Agreement
Nigerian law-compliant Debt Agreement template for documenting loan arrangements with comprehensive terms and conditions.
find out more
Amended And Restated Loan Agreement
A Nigerian law-governed agreement that updates and restates an existing loan facility's terms while maintaining the original security structure.
find out more
ұԾ’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; ұԾ’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)