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A Personal Guarantee Loan Agreement is essential when a lender requires additional security for a loan through a personal guarantee from a third party. This document, governed by English and Welsh law, establishes the legal framework for the guarantee, detailing the guarantor's obligations, enforcement rights, and the circumstances under which the guarantee can be called upon. It's commonly used in business lending where directors personally guarantee company loans, or in situations where additional security is required beyond the borrower's own assets or creditworthiness. The agreement must comply with UK consumer credit legislation and financial regulations.

1. Parties: Identification of lender, borrower, and guarantor including full legal names, addresses, and company details if applicable

2. Background: Context of the loan and guarantee arrangement, including reference to the main loan agreement

3. Definitions: Key terms used throughout the agreement including 'Guaranteed Obligations', 'Security', 'Event of Default'

4. Guarantee Obligations: Core guarantor commitments, extent of liability, and nature of guarantee (continuing, primary or secondary)

5. Payment Terms: Details of repayment schedule, methods of payment, and circumstances triggering payment obligations

6. Representations and Warranties: Guarantor's confirmations regarding their financial status, capacity, and understanding of obligations

7. Default Provisions: Events constituting default and consequences, including enforcement rights and remedies

8. Indemnity: Guarantor's obligation to indemnify the lender against losses

9. Governing Law and Jurisdiction: Specification of English and Welsh law as governing law and jurisdiction for disputes