Document background
This Loan Agreement With Guarantor is designed for use in New Zealand when establishing a formal lending arrangement that requires additional security through a third-party guarantee. The document is particularly relevant when a borrower requires financial assistance but may not independently meet all lending criteria, necessitating a guarantor to provide additional security. It complies with New Zealand's regulatory requirements, including the Credit Contracts and Consumer Finance Act 2003, Fair Trading Act 1986, and relevant financial services legislation. The agreement comprehensively covers loan terms, guarantor obligations, enforcement rights, and includes mandatory disclosure requirements and cooling-off periods specific to New Zealand law. It's suitable for both consumer and business lending contexts, providing robust protection for all parties while ensuring regulatory compliance.
