Loan And Mortgage Agreement Template for Australia

1. Guarantor Provisions: Required when there are guarantors securing the loan obligations

2. Additional Security: Used when other assets or security interests are provided besides the primary mortgage

3. Special Purpose Covenants: For loans restricted to specific purposes (e.g., construction, business use)

4. Multiple Borrowers: Additional provisions for joint and several liability when there are multiple borrowers

5. Electronic Communication Consent: Optional section for agreements to receive notices electronically

6. Redraw Facility: Terms for any redraw facility on advance payments

7. Offset Account: Terms for any offset account arrangements

8. Construction Provisions: Required for construction loans with progressive drawdowns

1. Schedule 1 - Property Details: Legal description and details of the mortgaged property

2. Schedule 2 - Loan Summary: Key financial terms including loan amount, interest rate, and payment schedule

3. Schedule 3 - Fees and Charges: Detailed breakdown of all applicable fees and charges

4. Schedule 4 - Drawdown Requirements: Conditions and documentation required for loan drawdown

5. Schedule 5 - Insurance Requirements: Specific insurance requirements for the property

6. Appendix A - Direct Debit Request: Form for setting up automatic payment arrangements

7. Appendix B - Privacy Notice: Mandatory privacy statements and consents

8. Appendix C - Statutory Notices: Required statutory warnings and information statements