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The Contract For Personal Loan is a standardized legal instrument used in Belgium for documenting personal lending arrangements between financial institutions and individual borrowers. This document is essential when an individual seeks to borrow money for personal use, such as home improvements, vehicle purchase, or debt consolidation. The agreement must comply with strict Belgian consumer protection regulations, including mandatory disclosure requirements, interest rate limitations, and consumer rights provisions. It incorporates all elements required by the Belgian Economic Law Code and Consumer Credit Act, including clear terms for loan amount, interest calculations, repayment schedules, and default procedures. This document is particularly important in the Belgian context due to specific regulatory requirements for consumer credit agreements and the need to protect borrower interests while ensuring lender security.

1. Parties: Identification of the lender and borrower with full legal names, addresses, and national registration numbers as required by Belgian law

2. Background: Context of the loan agreement and relationship between parties

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

4. Loan Amount and Purpose: Specification of the principal amount and permitted use of the loan funds

5. Interest Rate: Interest rate details, calculation method, and compliance with Belgian usury laws

6. Term and Repayment: Duration of the loan and detailed repayment obligations including payment dates and methods

7. Representations and Warranties: Borrower's confirmations regarding their financial situation and ability to repay

8. Borrower's Obligations: Ongoing obligations of the borrower during the loan term

9. Events of Default: Circumstances constituting default and consequences thereof

10. Early Repayment: Terms and conditions for early repayment as per Belgian consumer credit regulations

11. Costs and Fees: All applicable fees, charges, and costs associated with the loan

12. Notices: How formal communications between parties should be made

13. Governing Law and Jurisdiction: Confirmation of Belgian law governance and jurisdiction

14. Data Protection: Provisions regarding handling of personal data in compliance with Belgian Privacy Law and GDPR