Australian Loan Agreement

Detects loan agreement documents containing borrower details, interest rates, and repayment terms.

Type

keyword_list

Confidence

medium

Confidence justification

Medium confidence: keyword-based detection requires corroborative evidence for accurate identification.

Jurisdictions

au

Regulations

AML/CTF Act (Cth), IPA 2009 (Qld), NDB Scheme (Cth), Privacy Act 1988 (Cth), SOCI Act 2018 (Cth)

Frameworks

ISO 27001, ISO 27701, PCI-DSS, SOC 2

Data categories

financial, legal, pii

Scope

narrow

Risk rating

8

Should match

• Loan agreement between borrower and lender: principal amount $500,000 — Test match 1
• Secured loan facility with interest rate 5.5% and repayment schedule — Test match 2
• Financial covenants and default provisions in loan agreement — Test match 3

Should not match

• Can I borrow your pen? — Non-match 1
• Student loan information session — Non-match 2

Known false positives

• Casual references to loan or borrowing in non-agreement contexts. Mitigation: Require legal agreement keywords like borrower, lender, or repayment schedule.