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The Personal Car Loan Contract is essential for financial institutions operating in Indonesia's consumer finance sector. It is used when an individual seeks financing for a personal vehicle purchase, establishing the legal framework for the loan arrangement. The document must comply with Indonesian Civil Code requirements, OJK regulations, and consumer protection laws. It includes critical elements such as loan terms, security arrangements through fiduciary transfer, insurance requirements, and enforcement provisions. The contract serves both as a lending document and a security document, incorporating local regulatory requirements for consumer finance and vehicle financing. It is designed to protect both the lender's interests in securing the loan and the borrower's rights under Indonesian consumer protection legislation.

1. Parties: Identification of the lender (financial institution) and borrower, including complete legal names, addresses, and identification numbers

2. Background: Context of the agreement, including the borrower's request for financing and the lender's agreement to provide the loan

3. Definitions: Definitions of key terms used throughout the agreement, including 'Vehicle', 'Loan Amount', 'Interest Rate', 'Installment', etc.

4. Loan Details: Specific details of the loan including principal amount, interest rate, term, and total repayment amount

5. Vehicle Details: Complete description of the financed vehicle including make, model, year, color, chassis number, and engine number

6. Payment Terms: Schedule of payments, payment methods, and due dates for installments

7. Security and Collateral: Details of the fiduciary security over the vehicle and registration requirements

8. Insurance Requirements: Mandatory insurance coverage for the vehicle and assignment of insurance proceeds

9. Representations and Warranties: Borrower's declarations regarding their capacity to enter into the agreement and ownership of the vehicle

10. Borrower's Obligations: Ongoing obligations including vehicle maintenance, prohibited actions, and reporting requirements

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

12. Enforcement Rights: Lender's rights and remedies in case of default, including repossession procedures

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