Simple Line Of Credit Agreement Template for Australia

1. Guarantor Provisions: Required when a guarantor is providing additional security for the facility

2. Special Drawing Conditions: Used when specific conditions must be met for certain types of drawdowns

3. Financial Covenants: Included for business borrowers where ongoing financial requirements must be maintained

4. Multiple Borrower Provisions: Required when there are joint borrowers to define joint and several liability

5. Credit Card Facility: Included when the line of credit includes credit card access

6. Online Banking Provisions: Details online access and security requirements for digital facility management

7. Specific Purpose Provisions: Required when the facility is restricted to specific uses or purposes

1. Schedule 1 - Facility Details: Contains specific details of the facility including credit limit, interest rates, and fees

2. Schedule 2 - Drawing Notice: Standard form for requesting drawdowns under the facility

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

4. Schedule 4 - Security Details: Lists and describes all security provided for the facility

5. Schedule 5 - Special Conditions: Any special or non-standard terms applicable to the specific agreement

6. Appendix A - Direct Debit Request: Standard form for setting up automatic payments

7. Appendix B - Privacy Consent: Required privacy acknowledgments and consents