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This Consumer Loan Agreement template is designed for use in German banking transactions where a credit institution extends a loan to individual consumers. It complies with German banking regulations, particularly the German Civil Code (BGB) and Banking Act (KWG), as well as EU consumer credit directives. The document is essential for any consumer lending transaction in Germany and includes mandatory provisions for consumer protection, such as the 14-day right of withdrawal, transparent disclosure of interest rates and charges, and detailed repayment terms. It should be used for personal loans, including but not limited to personal financing, auto loans, and renovation loans, where the borrower is acting as a consumer rather than in a business capacity. The agreement incorporates all necessary elements required by German law for consumer credit agreements, including pre-contractual information requirements and standardized European consumer credit information.

1. Parties: Identification of the lender (credit institution) and the borrower (consumer), including full legal names and addresses

2. Background: Brief context of the loan agreement and its purpose

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

4. Loan Amount and Purpose: Specification of the net loan amount, total amount payable, and intended purpose of the loan

5. Interest Rate and Charges: Details of the annual percentage rate (APR), nominal interest rate, and any additional charges

6. Term and Repayment: Duration of the loan and detailed repayment schedule, including payment amounts and due dates

7. Disbursement Conditions: Conditions that must be met before the loan amount is disbursed

8. Right of Withdrawal: Consumer's right to withdraw from the agreement within 14 days (as per BGB § 495)

9. Default and Consequences: Consequences of missed payments and default scenarios

10. Early Repayment: Terms and conditions for early repayment and any associated compensation

11. Data Protection: GDPR-compliant provisions regarding the handling of personal data

12. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction

13. Execution: Signature blocks and date of agreement