The Loan Extension Agreement is a crucial document used in Australian financial and commercial transactions when parties wish to extend the term of an existing loan rather than refinancing or creating a new loan agreement. This document type is particularly relevant in situations where the original loan terms remain suitable but additional time is needed for repayment. The agreement must comply with Australian federal legislation including the National Consumer Credit Protection Act 2009 (Cth) and relevant state laws. It typically includes details of the original loan, the extended term, any modified conditions, and confirmations of existing security arrangements. The document is commonly used in both commercial and consumer lending contexts, requiring careful attention to Australian regulatory requirements, particularly regarding responsible lending obligations and consumer protections.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok˰'s market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Lender and Borrower, including full legal names and addresses
2. Background: Recitals describing the original loan agreement, its key terms, and the parties' intention to extend the loan term
3. Definitions: Key terms used in the agreement, including 'Original Loan Agreement', 'Extension Period', and 'New Maturity Date'
4. Extension of Loan Term: Clear statement of the new loan maturity date and extension period
5. Confirmation of Debt: Acknowledgment of the current outstanding loan amount and confirmation of the borrower's continuing obligation
6. Continuation of Original Terms: Confirmation that all other terms and conditions of the original loan agreement remain in full force and effect
7. Representations and Warranties: Borrower's confirmation that no default exists and all original representations remain true
8. Conditions Precedent: Requirements that must be met before the extension becomes effective
9. Execution: Signature blocks and execution details for all parties
1. Interest Rate Modification: Include if the interest rate is being modified as part of the extension
2. Security Confirmation: Include if there is existing security that needs to be confirmed as continuing
3. Additional Security: Include if new security is being provided as part of the extension
4. Fee Provisions: Include if there are extension fees or new fee structures
5. Modified Payment Schedule: Include if the payment schedule or amounts are being modified
6. Financial Covenants: Include if new or modified financial covenants are being implemented
7. Additional Conditions: Include if new ongoing conditions are being added to the loan terms
1. Schedule 1 - Original Loan Agreement: Copy of the original loan agreement being extended
2. Schedule 2 - New Payment Schedule: Updated amortization or payment schedule reflecting the extended term
3. Schedule 3 - Security Documents: List and copies of continuing or new security documents
4. Schedule 4 - Conditions Precedent Checklist: List of all conditions that must be satisfied before the extension takes effect
5. Appendix A - Calculation of Outstanding Amount: Detailed calculation of the current loan balance including any interest and fees
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Real Estate & Property
Commercial & Industrial
Retail & Consumer
Agriculture & Farming
Mining & Resources
Infrastructure & Construction
Healthcare
Education
Manufacturing
Technology & Innovation
Small Business & Startups
Relevant Teams
Legal
Credit
Risk Management
Compliance
Commercial Banking
Corporate Finance
Loan Operations
Treasury
Document Management
Portfolio Management
Relevant Roles
Credit Manager
Loan Officer
Commercial Banking Manager
Legal Counsel
Compliance Officer
Risk Manager
Financial Controller
Chief Financial Officer
Corporate Lawyer
Banking Relationship Manager
Credit Analyst
Loan Administrator
Contract Manager
Treasury Manager
Portfolio Manager
Find the exact document you need
Auto Loan Promissory Note
An Australian-compliant template for vehicle loan agreements that establishes loan terms, security interests, and obligations under national consumer credit laws.
find out more
Contract To Take Over Car Payments
An Australian legal agreement for transferring car payment obligations from one borrower to another, compliant with national consumer credit laws.
find out more
Private Lender Contract
An Australian-law governed agreement establishing terms and conditions for private lending arrangements, including loan details, security, and compliance with national lending regulations.
find out more
Vendor Finance Loan Agreement
An Australian-law governed template agreement for vendor financing arrangements, incorporating security interests and compliance with local credit legislation.
find out more
OverLoan Agreement
An Australian-law governed agreement establishing an overdraft facility between a financial institution and borrower, detailing credit limits, terms, and obligations under Australian banking regulations.
find out more
Fixed Sum Loan Agreement Early Settlement
An Australian-compliant loan agreement template for fixed sum loans with early settlement provisions, meeting National Consumer Credit Protection Act requirements.
find out more
Employee Loan Agreement Interest
An Australian-compliant interest-free loan agreement between employer and employee, including repayment terms and FBT considerations.
find out more
Employee Computer Loan Agreement
An Australian law agreement governing the loan of computer equipment from employer to employee, establishing terms, conditions, and mutual obligations.
find out more
Facility Agreement Loan
An Australian law-governed agreement setting out terms and conditions for the provision of loan facilities between lenders and borrowers, including key financial and operational terms.
find out more
Acknowledgement Of Debt Agreement
An Australian-compliant legal document where a debtor formally acknowledges their debt and agrees to specific repayment terms under Australian law.
find out more
Personal Loan To Business Agreement
An Australian-law governed agreement between an individual lender and a business borrower, establishing terms and conditions for a business loan.
find out more
Loan Agreement Between Family Members
An Australian-compliant legal agreement that formalizes and documents loan arrangements between family members, including terms, conditions, and repayment schedules.
find out more
Standard Mortgage Agreement
An Australian-law governed agreement establishing the terms and security arrangements for a mortgage loan secured against real property.
find out more
Director Loan To Company Agreement
An Australian law-governed agreement documenting the terms and conditions of a loan provided by a director to their company, ensuring regulatory compliance and protecting both parties' interests.
find out more
Construction Loan Contract
An Australian legal agreement for progressive funding of construction projects, governing both financial and construction aspects under Australian federal and state laws.
find out more
Commercial Real Estate Loan Term Sheet
Australian-compliant template outlining key terms and conditions for commercial real estate loan facilities.
find out more
Demand Loan
Australian-compliant demand loan agreement template allowing lenders to call for repayment at any time, suitable for both consumer and business lending.
find out more
Balloon Loan Agreement
An Australian-compliant loan agreement template featuring regular payments and a final balloon payment, structured according to Australian financial and consumer protection laws.
find out more
Loan Agreement Between Two Individuals
An Australian-compliant loan agreement template for personal lending between individuals, establishing terms, conditions, and obligations for both parties.
find out more
Simple Intercompany Loan Agreement
An Australian law template for documenting loan arrangements between related companies within the same corporate group.
find out more
Loan Agreement Between Companies
Australian corporate loan agreement template for inter-company lending, compliant with Australian corporate and financial services laws.
find out more
Home Equity Loan Agreement
Australian-compliant Home Equity Loan Agreement Template establishing terms for property equity-secured lending, including mandatory consumer protection provisions.
find out more
Simple Promissory Note For Family Loan
An Australian legal document that formalizes and documents the terms of a monetary loan between family members, providing legal protection while maintaining familial considerations.
find out more
Debt Payment Agreement
An Australian-compliant template for structuring and documenting debt repayment arrangements between creditors and debtors, incorporating all essential legal and practical provisions.
find out more
Inter Lender Agreement
An Australian law-governed agreement establishing rights, priorities, and relationships between multiple lenders in a financing arrangement.
find out more
Hand Loan Agreement
An Australian-compliant agreement documenting the terms and conditions of a personal or small business loan between parties, including loan amount, interest, and repayment terms.
find out more
Flexi Finance Loan Agreement
An Australian-compliant flexible finance agreement establishing a revolving credit facility with variable drawdown and repayment terms.
find out more
Credit Terms Agreement
An Australian-compliant template for establishing credit arrangements between providers and customers, incorporating all necessary legal and regulatory requirements.
find out more
Assignment Of Loan Agreement
Australian-compliant template for transferring loan rights and obligations from one lender to another, suitable for various types of loan assignments under Australian law.
find out more
Agreement Between Two Persons For Money
An Australian law-governed agreement formalizing financial arrangements between two individuals, including payment terms and obligations.
find out more
Subordinated Loan Agreement
Australian law template for subordinated loan arrangements, establishing terms for junior-ranking debt with comprehensive creditor provisions.
find out more
Loan Payment Agreement
An Australian-law governed agreement establishing loan terms, repayment conditions, and parties' obligations in a lending arrangement.
find out more
Loan Participation Agreement
Australian law-governed template for loan participation arrangements between financial institutions, establishing terms for loan interest transfers and regulatory compliance.
find out more
Simple Loan Application Form
An Australian-compliant loan application form template for collecting and assessing borrower information in accordance with national lending regulations.
find out more
Private Lending Term Sheet
An Australian law-compliant template outlining key terms and conditions for private lending arrangements, serving as the foundation for the final loan agreement.
find out more
Personal Loan Receipt
An Australian-compliant template for documenting personal loan receipts, capturing loan details and acknowledgment of funds transfer between parties.
find out more
Payday Loan Contract
An Australian-compliant payday loan contract template for small amount credit contracts (SACCs), incorporating all regulatory requirements and consumer protections under Australian law.
find out more
Facility Agreement
An Australian law-governed template agreement setting out terms and conditions for corporate lending facilities, including key provisions for facility mechanics, security, and covenants.
find out more
Debt Repayment Contract
An Australian-compliant Debt Repayment Contract Template for documenting and managing debt repayment arrangements between creditors and debtors.
find out more
Employee Forgivable Loan Agreement
An Australian-law governed agreement establishing terms for an employer-provided loan to an employee that can be forgiven based on specified employment and performance conditions.
find out more
ұԾ’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; ұԾ’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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)