Document background
The Demand Loan Template is designed for use in the Australian jurisdiction where lenders require a flexible lending instrument that can be called for repayment at any time. This document type is particularly useful for short-term financing arrangements, bridge financing, or situations where the lender needs to maintain maximum flexibility in terms of calling the loan. The template incorporates all necessary provisions required under Australian law, including compliance with the National Consumer Credit Protection Act 2009 and the National Credit Code. It can be adapted for both individual and business borrowers, and includes optional provisions for security, guarantees, and specific covenants. The template is structured to protect the lender's interests while ensuring fairness and transparency in accordance with Australian consumer protection laws.
