The Employee Loan Agreement is designed for use in New Zealand when an employer wishes to provide a formal loan to an employee. This document becomes necessary when companies offer financial assistance to their employees, whether for personal circumstances, professional development, or other agreed purposes. The agreement ensures compliance with New Zealand's Employment Relations Act 2000, Credit Contracts and Consumer Finance Act 2003, and other relevant legislation. It includes essential details such as loan amount, interest rates, repayment schedules, and the interrelation between the loan and employment status. The Employee Loan Agreement is particularly important for protecting both parties' interests and ensuring clear documentation of the financial arrangement, including scenarios such as employment termination or 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 Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the employer (lender) and employee (borrower) with full legal names and addresses
2. Background: Context of the loan agreement, employment relationship, and purpose of the loan
3. Definitions: Key terms used throughout the agreement including 'Loan Amount', 'Interest Rate', 'Repayment Schedule', etc.
4. Loan Details: Specific details of the loan including amount, purpose, and disbursement method
5. Interest: Interest rate, calculation method, and frequency of interest charges
6. Repayment Terms: Payment schedule, payment methods, and timing of repayments
7. Employee Obligations: Employee's responsibilities regarding the loan, including maintaining employment status
8. Default and Remedies: Circumstances constituting default and the employer's rights and remedies
9. Termination of Employment: Impact of employment termination on loan repayment obligations
10. General Provisions: Standard contract clauses including governing law, amendments, and notices
1. Security Arrangements: Required when the loan is secured against specific assets or entitlements
2. Guarantor Provisions: Included when a guarantor is required for the loan
3. Early Repayment: Optional terms for early loan repayment and any associated fees or benefits
4. Insurance Requirements: Required when the employer mandates insurance coverage for the loan
5. Variation of Employment Terms: Included when the loan affects or is affected by employment terms
6. Tax Implications: Detailed section on tax treatment when the loan has significant tax considerations
7. Hardship Provisions: Optional provisions for handling financial hardship situations
1. Schedule 1 - Loan Details: Detailed breakdown of loan amount, purpose, interest rate, and payment schedule
2. Schedule 2 - Repayment Schedule: Detailed payment schedule showing dates, amounts, and allocation between principal and interest
3. Schedule 3 - Direct Debit Authorization: Authorization for automatic payment deductions from salary or bank account
4. Appendix A - Disclosure Statement: Credit Contracts and Consumer Finance Act required disclosures
5. Appendix B - Security Details: Description of any security provided for the loan (if applicable)
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Professional Services
Technology
Manufacturing
Retail
Healthcare
Education
Construction
Mining
Agriculture
Telecommunications
Real Estate
Hospitality
Relevant Teams
Human Resources
Finance
Legal
Compliance
Payroll
Risk Management
Executive Leadership
Employee Relations
Corporate Services
Relevant Roles
Human Resources Director
HR Manager
Finance Director
Financial Controller
Chief Financial Officer
Legal Counsel
Compliance Officer
Payroll Manager
HR Business Partner
Employee Relations Manager
Benefits Manager
Risk Manager
Company Secretary
Managing Director
Chief Executive Officer
Find the exact document you need
Private Car Payment Agreement
New Zealand-compliant agreement for private vehicle purchase through installment payments, detailing terms, conditions, and security interests.
Download
Legal Financial Agreement Between Two Parties
A New Zealand-governed legal agreement establishing financial arrangements and obligations between two contracting parties.
Download
Diy Loan Agreement
A New Zealand-compliant loan agreement template for establishing legally binding lending terms between parties, suitable for personal or business use.
Download
Employees Loan Agreement
A New Zealand-compliant agreement establishing terms for an employer-provided loan to an employee, including loan amount, repayment terms, and related obligations.
Download
Loan Agreement And Mortgage
A New Zealand-governed agreement combining loan terms with mortgage security provisions, establishing lending conditions and property security arrangements.
Download
Film Equity Investment Agreement
A New Zealand-governed agreement establishing terms for equity investment in film productions, including investment structure, rights, and revenue sharing arrangements.
Download
Intercreditor Deed
A New Zealand law-governed agreement that establishes priorities and rights between multiple creditors of the same debtor, regulating their relationships and enforcement rights.
Download
Litigation Funding Agreement
New Zealand-governed agreement establishing terms for third-party funding of legal proceedings, including funding commitments, returns, and risk allocation.
Download
Loan Payment Agreement
A New Zealand-compliant agreement outlining loan terms, conditions, and repayment obligations between lender and borrower under NZ law.
Download
Loan Participation Agreement
A New Zealand-governed agreement establishing terms for participation interests in loans between lead lenders and participants, defining rights and obligations in loan sharing arrangements.
Download
Agreement For Hire Purchase Of A Motor Vehicle
A New Zealand-compliant agreement for the purchase of a motor vehicle through installment payments, with ownership transferring upon final payment.
Download
Overfacility Agreement
A New Zealand law-governed agreement establishing terms for additional credit facilities beyond existing arrangements.
Download
Loan Agreement Term Sheet
A New Zealand law-governed document outlining the key commercial and legal terms of a proposed loan facility, serving as the basis for the full loan agreement.
Download
Loan Agreement Deed
A New Zealand law-governed deed that documents a lending arrangement, specifying loan terms, obligations, and enforcement rights.
Download
Lease Hire Agreement
A New Zealand-compliant agreement governing the lease of equipment or assets from a lessor to a lessee, including terms for payment, maintenance, and lease termination.
Download
Hire Purchase Agreement For Car
A New Zealand-compliant agreement for purchasing a vehicle through installment payments, with the vendor retaining ownership until final payment.
Download
Deed Of Accession Loan Agreement
A New Zealand law-governed deed enabling a new party to join and be bound by an existing loan facility agreement, including associated rights and obligations.
Download
Co Borrower Loan Agreement
A New Zealand-compliant loan agreement establishing terms and joint liability between a lender and multiple co-borrowers.
Download
Vehicle Payment Plan Agreement
A New Zealand-compliant agreement establishing terms for vehicle purchase through structured payments, including security interests and party obligations.
Download
Trade Finance Agreement
A New Zealand-governed agreement establishing terms for trade financing facilities between a financial institution and a trading business.
Download
Separation Financial Agreement
A legally binding agreement under New Zealand law that outlines the division of assets and financial obligations between separating couples.
Download
Promissory Loan Agreement
A New Zealand law-governed agreement establishing loan terms between lender and borrower, including amount, interest, repayment schedule, and legal obligations.
Download
Financial Support Agreement
A New Zealand law-governed agreement establishing terms and conditions for providing financial support between parties, including payment terms, security arrangements, and regulatory compliance requirements.
Download
Financial Agreement Between Two Parties
New Zealand-compliant financial agreement template establishing terms and conditions for financial arrangements between two parties.
Download
Contract For Personal Loan
A New Zealand-compliant personal loan agreement that establishes lending terms and conditions while meeting CCCFA requirements.
Download
Auto Finance Contract
A New Zealand-compliant agreement for vehicle purchase financing, establishing loan terms and security interests under NZ consumer credit laws.
Download
Master Loan And Security Agreement
A New Zealand law-governed agreement establishing terms for lending facilities and associated security arrangements between a lender and borrower.
Download
Tri Party Loan Agreement
A New Zealand law-governed agreement establishing a three-party loan arrangement, defining loan terms and party obligations.
Download
Modification Of Loan Agreement
A New Zealand-compliant legal document that modifies the terms of an existing loan agreement between parties, subject to NZ financial services regulations.
Download
Small Business Loan Agreement
A New Zealand-governed agreement establishing terms and conditions for a financial institution to provide loan funding to a small business entity.
Download
Binding Loan Agreement
A New Zealand-compliant legal agreement establishing terms and conditions for a loan between a lender and borrower, including repayment obligations and security arrangements.
Download
Monthly Payment Plan Agreement
A New Zealand-compliant agreement establishing terms for structured monthly payments between a provider and customer.
Download
Floor Plan Financing Agreement
New Zealand-governed agreement for inventory financing between a financial institution and dealer, establishing credit terms and security arrangements under local law.
Download
Deed Of Trust Loan Agreement
A New Zealand-governed legal instrument that establishes a trust structure for managing loan arrangements, defining relationships between lenders, borrowers, and trustees.
Download
Business Seller Financing Agreement
A New Zealand law-governed agreement establishing terms for seller financing in a business sale, including payment terms, security arrangements, and enforcement provisions.
Download
Sales Agreement With Payment Plan
A New Zealand-governed agreement for the sale of goods or services with structured payment terms, combining sales and credit arrangement provisions.
Download
Simple Interest Loan Agreement
New Zealand-compliant loan agreement template using simple interest calculation, suitable for various lending scenarios under NZ law.
Download
Lease To Own Agreement For Vehicle
A New Zealand-compliant agreement enabling vehicle lease with an option to purchase, structured under NZ finance and consumer protection laws.
Download
Third Party Loan Agreement
A New Zealand-governed agreement setting out terms and conditions for a third-party loan, including loan amount, interest, repayment terms, and security arrangements.
Download
Loan Syndication Agreement
A New Zealand law-governed agreement establishing terms for a syndicated loan facility where multiple lenders collectively provide financing to borrowers.
Download
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)