Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Bill Of Sale Loan Agreement
"I need a Bill of Sale Loan Agreement for a manufacturing company borrowing NGN 25 million from ABC Bank Limited to finance new equipment, with the equipment itself serving as security and the loan to be repaid over 36 months starting March 2025."
1. Parties: Identifies and defines the Lender and Borrower with full legal names and addresses
2. Background: Explains the context of the loan and the purpose for which it is being made
3. Definitions: Defines key terms used throughout the agreement
4. Loan Amount and Purpose: Specifies the principal amount of the loan and its intended use
5. Interest Rate and Calculations: Details the interest rate, calculation method, and compliance with Nigerian usury laws
6. Repayment Terms: Specifies payment schedule, amounts, and method of payment
7. Security/Bill of Sale: Details the assets being provided as security and transfer of title arrangements
8. Representations and Warranties: Standard declarations by the borrower regarding their legal capacity and asset ownership
9. Covenants: Ongoing obligations of the borrower during the loan term
10. Events of Default: Lists circumstances constituting default and consequences
11. Enforcement Rights: Details lender's rights and remedies upon default
12. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and jurisdiction for disputes
13. Execution: Signature blocks and execution requirements
1. Insurance Requirements: Required when the secured assets need specific insurance coverage
2. Guarantor Provisions: Include when a third-party guarantor is providing additional security
3. Early Repayment: Details early repayment options and any associated penalties
4. Asset Maintenance Requirements: Include when the secured assets require specific maintenance or preservation
5. Registration Requirements: Include when the security interest requires registration with specific Nigerian authorities
6. Assignment and Transfer: Include when either party may need to transfer their rights or obligations
7. Force Majeure: Include when protection against unforeseen circumstances is required
1. Schedule 1 - Asset Description: Detailed description of assets subject to the bill of sale
2. Schedule 2 - Payment Schedule: Detailed repayment schedule with dates and amounts
3. Schedule 3 - Condition Report: Current condition of assets being used as security
4. Schedule 4 - Insurance Requirements: Specific insurance requirements for secured assets
5. Schedule 5 - Registration Details: Details of any required registrations with Nigerian authorities
6. Appendix A - Form of Notice: Standard form for notices between parties
7. Appendix B - Deed of Priority: If there are multiple security interests, details priority arrangements
Authors
Assets
Bill of Sale
Borrower
Business Day
Completion Date
Conditions Precedent
Default Interest Rate
Default Notice
Drawdown Date
Encumbrance
Event of Default
Financial Indebtedness
Guarantor
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Loan Amount
Material Adverse Effect
Parties
Permitted Security Interest
Principal
Repayment Date
Repayment Schedule
Security
Security Interest
Security Period
Secured Obligations
Signing Date
Term
Transaction Documents
Transfer Certificate
Utilization Request
Value
Warranties
Security Interest
Title Transfer
Interest Rate
Repayment Terms
Asset Description
Registration Requirements
Representations and Warranties
Covenants
Events of Default
Enforcement Rights
Insurance
Asset Maintenance
Assignment and Transfer
Notices
Confidentiality
Force Majeure
Indemnification
Further Assurance
Severability
Entire Agreement
Amendment
Waiver
Costs and Expenses
Set-Off Rights
Governing Law
Dispute Resolution
Counterparts
Financial Services
Banking
Automotive
Manufacturing
Agriculture
Construction
Transportation
Equipment Leasing
Small and Medium Enterprises
Retail
Commercial Real Estate
Industrial Equipment
Technology
Legal
Finance
Credit Risk
Compliance
Commercial
Business Development
Corporate Secretariat
Asset Management
Collections
Risk Assessment
Legal Counsel
Finance Manager
Credit Risk Officer
Loan Officer
Commercial Director
Chief Financial Officer
Compliance Officer
Business Development Manager
Credit Analyst
Corporate Secretary
Asset Manager
Security Trustee
Collections Manager
Risk Assessment Officer
Find the exact document you need
Debt Consolidation Agreement
A Nigerian law-governed agreement that consolidates multiple debts into a single loan, outlining terms, conditions, and obligations for all parties.
Inter Lender Agreement
A Nigerian law-governed agreement establishing rights, priorities, and relationships between multiple lenders in a syndicated or complex financing arrangement.
Salary Loan Agreement
A Nigerian law-governed agreement establishing terms for a loan secured against employee salary, including repayment through salary deductions and party obligations.
Loan Consent Form
A Nigerian law-governed document that formalizes consent and agreement between parties for a loan facility, complying with local banking regulations and consumer protection requirements.
Litigation Financing Agreement
A Nigerian law-governed agreement establishing terms for third-party litigation funding, including funding mechanisms, returns, and party obligations.
Peer To Peer Lending Contract
A Nigerian law-governed Peer to Peer Lending Contract establishing terms and conditions for direct lending between parties, ensuring compliance with local financial regulations.
Contract For Land Purchase
Nigerian law-compliant agreement for the purchase and sale of land, including essential terms and regulatory requirements under the Land Use Act.
Payday Loan Contract
Nigerian law-governed payday loan agreement setting out terms for short-term consumer lending, including regulatory compliance requirements and borrower protections.
Tripartite Loan Agreement
A Nigerian law-governed agreement establishing a lending arrangement between three parties, defining loan terms, security arrangements, and mutual obligations.
Loan And Mortgage Agreement
A Nigerian law-governed agreement combining loan terms with mortgage security arrangements, establishing both lending conditions and property security rights.
Memorandum Of Loan Agreement
A Nigerian law-governed agreement establishing loan terms and conditions between lender and borrower, ensuring regulatory compliance and protecting both parties' interests.
Fixed Sum Loan Agreement
A Nigerian law-governed agreement establishing terms and conditions for a fixed sum loan, including loan amount, interest rates, and repayment terms.
Employee Loan Repayment Agreement
A Nigerian law-governed agreement setting out terms for an employer-provided loan to an employee, including repayment through salary deductions.
Collateral In Loan Agreement
A Nigerian law-governed security agreement establishing collateral arrangements for a loan facility, detailing security creation, perfection, and enforcement rights.
Master Loan Agreement
A Nigerian law-governed agreement establishing terms and conditions for multiple loan facilities between a lender and borrower.
Loan Surety Agreement
A Nigerian law-governed agreement where a surety guarantees a borrower's loan obligations to a lender, establishing terms and enforcement mechanisms.
Loan Guarantee Agreement
A Nigerian law-governed agreement where a Guarantor assumes responsibility for a Borrower's loan obligations to a Lender, ensuring compliance with Nigerian banking and contract law requirements.
Loan Commitment Agreement
A Nigerian law-governed agreement establishing a lender's commitment to provide a loan facility, detailing terms, conditions, and regulatory compliance requirements.
Lenders Agreement
A Nigerian law-governed agreement setting out terms and conditions for lending facilities, including loan details, security arrangements, and regulatory compliance requirements.
Letter Of Borrowing Money From Company
A Nigerian law-governed letter documenting terms and conditions for borrowing money from a company, including loan amount, interest rates, and repayment terms.
Formal Letter For Borrowing Money
A formal loan request letter compliant with Nigerian law, outlining loan terms and repayment commitments between borrower and lender.
Debt Agreement Letter
A formal letter under Nigerian law documenting debt terms and conditions between parties, serving as a legally binding agreement for debt repayment.
Debt Acknowledgement And Repayment Agreement
A Nigerian law-governed agreement that formally acknowledges debt existence and establishes repayment terms between creditor and debtor.
Car Payment Agreement Between Friends
A Nigerian legal document formalizing car payment arrangements between friends, including vehicle details, payment terms, and ownership transfer conditions.
Car Mortgage Agreement
A Nigerian law-governed agreement creating a security interest in a vehicle as collateral for a loan, detailing financing terms and enforcement rights.
Bank Loan Term Sheet
A preliminary document outlining key terms and conditions of a proposed loan facility under Nigerian law, serving as the foundation for the final loan agreement.
Loan Contract For Family
A Nigerian law-governed contract formalizing loan arrangements between family members, establishing terms, conditions, and protections for both lender and borrower.
Personal Loan Agreement With Notary
A notarized personal loan agreement under Nigerian law detailing loan terms, conditions, and obligations between lender and borrower.
Mortgage Assumption Letter
A formal request letter under Nigerian law for a buyer to assume an existing mortgage from the current property owner, subject to the lender's approval.
Letter Of Intent For Business Loan
A preliminary document outlining proposed terms for a business loan arrangement under Nigerian law, serving as a formal expression of interest between lender and borrower.
Co Signer Agreement Form For Car
A Nigerian law-governed agreement establishing a co-signer's joint responsibility for a vehicle loan, outlining obligations and liabilities of all parties involved.
Building Loan Contract
A Nigerian law-governed financing agreement for construction projects, detailing loan terms, disbursement conditions, and construction requirements.
Guarantee In Loan Agreement
A Nigerian law-governed document establishing a guarantee relationship where a third party commits to fulfilling a borrower's loan obligations in case of default.
Contract For Debt Repayment
A Nigerian law-governed agreement establishing terms and conditions for debt repayment, including payment schedule, interest, and enforcement provisions.
Fee Letter Syndicated Loan
A Nigerian law-governed document detailing fee arrangements between parties in a syndicated loan transaction, including arrangement, commitment, and agency fees.
Payday Loan Agreement
A Nigerian law-governed agreement for short-term, high-interest loans tied to borrower's payday, compliant with CBN regulations and state money lending laws.
Group Loan Agreement Form
A Nigerian law-governed agreement establishing terms for group lending between a financial institution and collective borrowers, including joint liability and repayment terms.
Bill Of Sale Loan Agreement
A Nigerian law-governed agreement combining a loan facility with asset security through a bill of sale, establishing lending terms and security arrangements.
Agreement For Loan Against Property
A Nigerian law-governed agreement establishing terms for a property-secured loan, including security creation, repayment terms, and enforcement rights.
Title Loan Contract
A Nigerian law-governed agreement establishing a loan secured by a vehicle title, detailing loan terms, security interests, and enforcement rights.
Simple Interest Loan Agreement
A Nigerian law-governed agreement establishing terms for a loan with simple interest calculation, compliant with local financial regulations and lending practices.
Pawn Shop Agreement
A Nigerian law-governed agreement between a pawnbroker and pledgor establishing terms for a loan secured by personal property.
Loan To Equity Conversion Agreement
A Nigerian law-governed agreement that converts existing loan obligations into equity shares, detailing conversion terms and regulatory compliance requirements.
Digital Loan Agreement
Nigerian law-governed digital lending agreement covering online loan terms, electronic execution, and digital platform usage, compliant with Nigerian banking and data protection regulations.
Consent Letter For Loan Guarantor
A Nigerian law-compliant formal letter documenting a guarantor's consent and commitment to secure a loan, establishing legal obligations under Nigerian banking regulations.
Loan Contract With Collateral
A Nigerian law-governed agreement establishing terms for a secured loan facility with detailed collateral provisions and enforcement mechanisms.
Bridge Loan Term Sheet
Term sheet for a bridge loan facility under Nigerian law, outlining key commercial and legal terms for short-term financing arrangements.
Hard Money Loan Contract
A Nigerian law-governed agreement for asset-backed short-term lending, typically secured by real estate, outlining loan terms, security arrangements, and enforcement mechanisms.
Mortgage Contract Agreement
A Nigerian law-governed agreement creating a security interest in real property as collateral for a loan, detailing terms between lender and borrower.
Loan Servicing Agreement
A Nigerian law-governed agreement establishing terms for loan portfolio management and administration services between a loan servicer and lender/loan owner.
Loan Lease Agreement
A Nigerian law-governed agreement combining loan financing and property leasing arrangements, establishing terms for both lending and leasing of assets.
Loan Agreement With Car As Collateral
Nigerian law-governed loan agreement establishing both financing terms and security interest in a vehicle serving as collateral.
Car Loan Agreement Between Employer And Employee
A Nigerian law-governed agreement establishing terms for an employer-provided car loan to an employee, including repayment, ownership, and maintenance terms.
Bilateral Loan Agreement
A Nigerian law-governed agreement establishing loan terms between a lender and borrower, including loan amount, interest, repayment terms, and security arrangements.
Board Resolution Loan Agreement
A Nigerian law-governed document combining a board resolution authorizing a loan with the formal loan agreement terms and conditions.
Short Form Loan Agreement
A simplified loan agreement template compliant with Nigerian law, suitable for straightforward lending arrangements.
Refinance Agreement
A Nigerian law-governed agreement that restructures existing debt obligations with new terms and conditions between lender and borrower.
Master Lending Agreement
A Nigerian law-governed framework agreement establishing terms for multiple lending facilities between a financial institution and borrower, compliant with local banking regulations.
Loan Guarantee Form
A Nigerian law-governed document where a guarantor commits to fulfilling a borrower's loan obligations in case of default, subject to Nigerian banking and contract law requirements.
Gold Loan Agreement
A Nigerian law-governed agreement for securing a loan using gold as collateral, detailing loan terms, gold specifications, and security arrangements.
Car Hire Purchase Agreement
A Nigerian law-governed agreement for vehicle purchase through installment payments, where ownership transfers upon final payment completion.
Stock Lending Agreement
A Nigerian law-governed agreement establishing terms for securities lending transactions between financial institutions, compliant with SEC Nigeria and NGX regulations.
Personal Loan Contract Between Friends
A Nigerian-law compliant personal loan agreement template for lending between friends, including core loan terms and witness provisions.
Loan Agreement Between Parent Company And Subsidiary
A Nigerian law-governed loan agreement establishing terms for financial facilities between a parent company and its subsidiary, incorporating local regulatory compliance requirements.
Credit Facility Agreement
A Nigerian law-governed agreement setting out terms for provision of credit facilities between a lender and borrower, compliant with local banking regulations.
Repayment Contract
A Nigerian law-governed agreement establishing terms and conditions for debt repayment, including principal, interest, and enforcement provisions.
Loan Personal Guarantee Form
A Nigerian law-governed personal guarantee agreement where an individual assumes responsibility for a borrower's loan obligations.
Loan Release Agreement
A Nigerian law-governed agreement that releases a borrower from loan obligations, documenting settlement terms and discharge of securities.
Peer To Peer Loan Contract
A Nigerian law-governed agreement establishing terms and conditions for private lending between individuals or entities, including loan amount, interest, repayment terms, and enforcement mechanisms.
Mortgage Modification Agreement
A Nigerian law-governed agreement that modifies existing mortgage terms between lender and borrower, ensuring compliance with local property and banking regulations.
Mortgage And Security Agreement
A Nigerian law-governed agreement creating a security interest in real property to secure a loan, detailing mortgage terms and security arrangements in compliance with local property laws.
Project Finance Loan Agreement
A Nigerian law-governed loan agreement for project finance transactions, establishing terms for funding major infrastructure or development projects while ensuring compliance with local regulations.
Share Loan Agreement
A Nigerian law-governed agreement facilitating loans secured against shares, detailing lending terms and security arrangements under CAMA 2020.
Debt Forgiveness Agreement
A Nigerian law-governed agreement that formally documents the terms and conditions for forgiving a debt between parties, ensuring legal compliance and clear documentation of the arrangement.
Shareholder Loan Note
A Nigerian law-governed loan agreement between a shareholder and company, detailing terms for shareholder financing and compliance with local corporate regulations.
Equipment Loan Form
A Nigerian law-governed document establishing terms and conditions for temporary equipment loans between parties, including usage rights, responsibilities, and return conditions.
Rollover Loan Agreement
A Nigerian law-governed agreement allowing for the extension of an existing loan facility upon maturity, subject to specified conditions and regulatory requirements.
Drawdown Loan Agreement
A Nigerian law-governed agreement setting out terms for drawing down funds from a pre-approved loan facility, including drawdown mechanics, repayment terms, and regulatory compliance requirements.
Stock Borrowing Agreement
A Nigerian law-governed agreement setting out terms for temporary securities transfers between parties, including collateral arrangements and regulatory compliance requirements.
Product Loan Agreement
A Nigerian law-governed agreement setting out terms for temporary product or equipment loans between parties, including usage, maintenance, and return conditions.
Loan Master Agreement
A Nigerian law-governed master agreement establishing the framework for lending facilities between financial institutions and borrowers.
Personal Loan Promissory Note
A Nigerian law-governed promissory note documenting a personal loan agreement with repayment terms and conditions.
Debt Agreement
Nigerian law-compliant Debt Agreement template for documenting loan arrangements with comprehensive terms and conditions.
Amended And Restated Loan Agreement
A Nigerian law-governed agreement that updates and restates an existing loan facility's terms while maintaining the original security structure.
Download our whitepaper on the future of AI in Legal
Genie’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; Genie’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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.