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Role, powers and limits

Role

• A party required to repay credit under a loan agreement.

Authority source

See the linked official guidance for the relevant legal or contractual basis.

Powers

• No separate powers claim is made for this concept in the initial dataset.

Limits

• The scope depends on the applicable law, contract and circumstances.

Oversight

• No separate oversight claim is made for this concept in the initial dataset.

Review / appeal

• No separate review / appeal claim is made for this concept in the initial dataset.

Money flows

• Lending creates a loan claim; bank lending can also create deposit money.
• Repays principal and interest according to the loan agreement.

Connected relationships

documented-fact

BANK → lends → BORROWER

Lending creates a loan claim; bank lending can also create deposit money.

Inspect connection ↗

↗ Reserve Bank of AustraliaWhat is money?

documented-fact

BORROWER → repays → BANK

Repays principal and interest according to the loan agreement.

Inspect connection ↗

↗ ASIC MoneysmartBuying a house

Primary and official sources

↗ ASIC MoneysmartSecurity for a loan ↗ ASIC MoneysmartBuying a house

Last verified: 2026-09-19