¶¶Òõ¶ÌÊÓƵ

Loan Pledge Agreement Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Loan Pledge Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Loan Pledge Agreement

"I need a Loan Pledge Agreement under Nigerian law for a manufacturing company pledging its equipment and inventory as security for a 5-year term loan of 500 million Naira, with quarterly interest payments starting March 2025."

Document background
The Loan Pledge Agreement is a crucial document in Nigerian secured lending practice, used when a borrower seeks financing while offering specific assets as security. This agreement is essential for financial institutions and businesses engaging in secured lending transactions, providing legal protection for both parties. The document must comply with Nigerian law, particularly the Secured Transactions in Movable Assets Act 2017 and relevant Central Bank of Nigeria regulations. It sets out comprehensive terms including loan details, pledge specifications, representations and warranties, and enforcement mechanisms. The agreement is particularly important in commercial lending, project finance, and asset-based financing scenarios where lenders require tangible security for their loans.
Suggested Sections

1. Parties: Identifies and defines the Lender and Borrower with their full legal names and addresses

2. Background: Explains the context of the loan and pledge arrangement, including the Borrower's request for the loan and offer of pledge

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

4. The Loan: Details of the loan amount, purpose, interest rate, and repayment terms

5. The Pledge: Describes the pledged assets and creates the security interest

6. Representations and Warranties: Statements of fact and assurances from the Borrower regarding their capacity and the pledged assets

7. Covenants: Ongoing obligations of the Borrower regarding the loan and pledged assets

8. Events of Default: Lists circumstances that constitute default and trigger enforcement rights

9. Enforcement Rights: Details the Lender's rights and remedies upon default

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

11. Governing Law and Jurisdiction: Establishes Nigerian law as governing law and specifies jurisdiction for disputes

12. Execution: Signature blocks and execution formalities

Optional Sections

1. Security Trustee Provisions: Required when there are multiple lenders and a security trustee structure is used

2. Insurance: Include when the pledged assets require specific insurance coverage

3. Further Assurance: Additional provisions for cooperation in perfecting or protecting the security interest

4. Power of Attorney: Optional authorization for the Lender to act on Borrower's behalf in specific circumstances

5. Tax Provisions: Include when specific tax implications need to be addressed

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

Suggested Schedules

1. Schedule 1 - Loan Terms: Detailed breakdown of loan amount, interest calculations, and repayment schedule

2. Schedule 2 - Pledged Assets: Detailed description and/or inventory of all assets being pledged as security

3. Schedule 3 - Conditions Precedent: List of documents and conditions required before loan disbursement

4. Schedule 4 - Form of Notice: Template for any required notices under the agreement

5. Appendix A - Asset Valuation Report: Independent valuation of pledged assets if required

6. Appendix B - Registration Forms: Forms required for registering the security interest with relevant authorities

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses





























Relevant Industries

Banking

Financial Services

Real Estate

Manufacturing

Agriculture

Oil and Gas

Mining

Retail

Technology

Transportation

Construction

Small and Medium Enterprises

Relevant Teams

Legal

Finance

Credit Risk

Compliance

Corporate Secretariat

Treasury

Loan Operations

Collections

Security Registration

Risk Management

Relevant Roles

Legal Counsel

Finance Manager

Credit Risk Officer

Loan Officer

Compliance Officer

Corporate Secretary

Banking Relationship Manager

Security Registration Officer

Credit Analysis Manager

Treasury Manager

Chief Financial Officer

Risk Management Director

Collections Manager

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

Agreement Between Financier And Producer

A Nigerian law-governed agreement establishing financing terms and conditions between a funding entity and a producer, including investment protection and regulatory compliance.

find out more

Agreement Between Financier And Company

A Nigerian law-governed financing agreement establishing funding terms between a financier and company, compliant with local banking and corporate regulations.

find out more

Master Securities Loan Agreement

A Nigerian law-governed framework agreement for securities lending transactions between institutional parties, compliant with Nigerian SEC regulations.

find out more

Intercreditor Deed

A Nigerian law-governed agreement that establishes priorities and relationships between multiple creditors providing financing to the same borrower.

find out more

Agreement For Financial Support

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

find out more

Royalty Financing Agreement

A Nigerian law-governed agreement establishing terms for royalty-based financing, where an investor provides capital in exchange for ongoing revenue-based payments.

find out more

Loan And Guarantee Agreement

Nigerian law-governed agreement establishing loan terms and associated guarantee arrangements, including lending conditions and security provisions.

find out more

Loan Agreement Term Sheet

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

find out more

Deed Of Accession Loan Agreement

A Nigerian law-governed deed that facilitates a new party joining an existing loan agreement, setting out terms of accession and ensuring compliance with local banking and corporate regulations.

find out more

Accession Deed Facility Agreement

A Nigerian law-governed deed allowing a new party to join an existing facility agreement as a borrower or guarantor, binding them to all original terms and conditions.

find out more

Separation Financial Agreement

A Nigerian law-compliant agreement detailing financial arrangements and asset division between separating spouses, incorporating both statutory and customary law provisions.

find out more

Promissory Loan Agreement

A Nigerian law-governed agreement documenting a borrower's promise to repay a loan with specified terms and conditions to the lender.

find out more

Friends And Family Loan Agreement

A Nigerian law-governed loan agreement template for formalizing monetary lending arrangements between friends and family members.

find out more

Formal Loan Agreement

A Nigerian law-governed agreement establishing formal lending terms between parties, including loan amount, interest, repayment schedule, and security arrangements.

find out more

Contract For Car Payments

A Nigerian law-governed agreement establishing terms for vehicle purchase through installment payments, including payment schedules, ownership transfer, and party obligations.

find out more

Business Loan Contract

A Nigerian law-governed agreement establishing terms for a financial institution to provide business funding, compliant with local banking regulations and BOFIA 2020.

find out more

Project Loan Agreement

A Nigerian law-governed agreement setting out terms and conditions for project-specific funding, including loan facility details, security arrangements, and project implementation requirements.

find out more

Jewelry Loan Agreement

A Nigerian law-governed agreement for loans secured by jewelry as collateral, establishing terms for lending, collateral handling, and repayment.

find out more

Loan Pledge Agreement

A Nigerian law-governed agreement establishing a secured loan arrangement where assets are pledged as security, detailing loan terms and enforcement rights.

find out more

Inter Company Loan Agreement

A Nigerian law-governed agreement establishing loan arrangements between related companies, including terms, conditions, and regulatory compliance requirements.

find out more

Novation Lease Agreement

A Nigerian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Loan And Security Agreement

A Nigerian law-governed agreement that establishes loan terms and creates security interests over assets to secure loan repayment.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.