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The Individual Voluntary Credit Agreement serves as a standardized framework for credit relationships between financial institutions and individual borrowers in Indonesia. This document is essential for any voluntary credit arrangement and must comply with Indonesian banking regulations, particularly Law No. 10 of 1998 on Banking and various OJK regulations governing financial services. The agreement is typically used when an individual seeks voluntary credit facilities from a financial institution and includes comprehensive terms covering loan amount, interest calculations, repayment schedules, borrower obligations, and default provisions. It incorporates mandatory consumer protection elements required under Indonesian law and provides flexibility for various credit purposes while maintaining legal compliance and protecting both parties' interests.

1. Parties: Identification of the lender and borrower with complete legal names and addresses

2. Background: Context of the credit agreement, purpose of the loan, and general intentions of the parties

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

4. Loan Amount and Purpose: Specification of the credit amount and detailed purpose of the loan

5. Interest Rate and Fees: Details of applicable interest rates, calculation method, and any associated fees

6. Disbursement Terms: Conditions precedent and procedures for loan disbursement

7. Repayment Terms: Schedule, method, and terms of repayment including prepayment provisions

8. Representations and Warranties: Statements of fact and assurances made by the borrower

9. Borrower's Obligations: Ongoing obligations and commitments of the borrower during the loan term

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

11. Termination: Conditions and procedures for early termination of the agreement

12. Notices: Methods and addresses for formal communications between parties

13. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes

14. General Provisions: Standard contractual provisions including amendments, severability, and entire agreement