Consumer Credit Agreement

Consumer Credit Agreement Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that establishes the terms and conditions for extending credit from a licensed financial institution to an individual consumer. The document complies with UAE Central Bank regulations and Federal consumer protection laws, incorporating all mandatory disclosures, interest rate calculations, repayment terms, and borrower rights. It includes provisions for both conventional and Islamic banking requirements, ensuring compliance with local Sharia principles where applicable. The agreement covers all aspects of the credit relationship including security requirements, default provisions, and dispute resolution mechanisms specific to UAE jurisdiction.

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

Download a Standard Consumer Credit Agreement

Download a United Arab Emirates-compliant Consumer Credit Agreement or see .

Get template free

Review your own Consumer Credit Agreement

Let tiktok��˰� identify missing terms, unusual language, compliance issues and more.

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5

4.8 / 5

What is a Consumer Credit Agreement?

The Consumer Credit Agreement is a fundamental document used in the UAE banking sector for establishing legally binding credit arrangements between financial institutions and individual consumers. It must comply with strict UAE Central Bank regulations, particularly the Consumer Protection Regulation of 2021 and Federal Law No. 15 of 2020 on Consumer Protection. The agreement covers essential elements including credit amount, interest rates, fees, repayment terms, and borrower obligations, while incorporating both conventional and Islamic banking principles as required. This document is crucial for any consumer lending transaction in the UAE, whether for personal loans, credit cards, or other consumer credit facilities, and must include all mandatory disclosures and consumer rights as prescribed by UAE law.

What sections should be included in a Consumer Credit Agreement?

1. Parties: Identification of the credit provider and the borrower with full legal names and details

2. Background: Brief context of the credit facility being offered and its purpose

3. Definitions: Clear definitions of key terms used throughout the agreement

4. Credit Facility Details: Specific details of the credit facility including amount, purpose, and term

5. Interest Rate and Charges: Detailed breakdown of interest rates, fees, and other charges

6. Repayment Terms: Schedule and methods of repayment, including installment amounts and dates

7. Security and Guarantees: Details of any security or guarantees required for the credit facility

8. Borrower's Representations: Declarations and warranties made by the borrower regarding their financial situation

9. Lender's Rights and Obligations: Key responsibilities and rights of the credit provider

10. Events of Default: Circumstances constituting default and consequences

11. Early Repayment: Terms and conditions for early repayment of the credit facility

12. Communications: Methods and requirements for official communications between parties

13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes

What sections are optional to include in a Consumer Credit Agreement?

1. Islamic Banking Compliance: Required when the credit facility needs to comply with Sharia principles

2. Insurance Requirements: Include when credit-linked insurance is required or offered

3. Electronic Communications Consent: Include when digital communications and e-statements will be used

4. Third-Party Authorization: Include when the borrower may authorize third parties to act on their behalf

5. Special Drawdown Conditions: Include for facilities with specific drawdown requirements or conditions

6. Reward Programs: Include if the credit facility includes any reward or loyalty program features

What schedules should be included in a Consumer Credit Agreement?

1. Schedule 1 - Repayment Schedule: Detailed breakdown of repayment installments, dates, and amounts

2. Schedule 2 - Fee Schedule: Comprehensive list of all applicable fees and charges

3. Schedule 3 - Required Documents: List of all documents required from the borrower

4. Appendix A - Terms and Conditions: Detailed general terms and conditions of the credit facility

5. Appendix B - Key Facts Statement: Summary of key information as required by UAE Central Bank regulations

6. Appendix C - Insurance Terms: Details of any mandatory or optional insurance coverage

7. Appendix D - Direct Debit Authority: Form for setting up automatic payments from borrower's account

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Cost

Free to use

Find the exact document you need

No matches found.

Standby Letter Of Credit Agreement

A UAE-governed agreement establishing terms for issuing and maintaining a standby letter of credit, incorporating UAE Federal Laws and international banking practices.

tiktok���˰�

How Cambridge United Uses tiktok���˰� to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Consumer Credit Agreement

Review your own Consumer Credit Agreement

What is a Consumer Credit Agreement?

What sections should be included in a Consumer Credit Agreement?

What sections are optional to include in a Consumer Credit Agreement?

What schedules should be included in a Consumer Credit Agreement?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Standby Letter Of Credit Agreement

Home Credit Contract

Line Of Credit Contract

Credit Payment Agreement Letter

Simple Money Lending Agreement

Money Lending Agreement

Company Credit Card Agreement

Cash Credit Agreement

Personal Credit Agreement

Promissory Note Credit Agreement

General Credit Agreement

Voluntary Credit Agreement

30 Day Credit Agreement

Credit Term Agreement

Credit Default Swap Agreement

Letter Of Credit Contract

Credit Note Agreement

Credit Application Agreement

Revolving Line Of Credit Agreement

Consumer Credit Contract

Letter Of Credit Agreement

Funds Transfer Agreement

Revolving Credit Agreement

Credit Assignment Agreement

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Use Cases

Generate Legal Docs Free

tiktok��˰�

How Cambridge United Uses tiktok��˰� to Speed Up Player Signings and Slash Legal Costs

�ұ�Ծ��’s Security Promise