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The Personal Loan Contract Between Friends is designed for situations where individuals in Indonesia wish to formalize a lending arrangement with someone they have a personal relationship with. This document becomes particularly relevant when friends or acquaintances need to document a significant financial transaction while maintaining their personal relationship. It includes provisions required under Indonesian law, specifically adhering to the Indonesian Civil Code (KUHPer) requirements for private lending agreements, while keeping language and terms appropriate for friendly transactions. The contract covers key aspects such as loan amount, repayment schedule, interest (if any), default provisions, and early repayment options, while allowing flexibility for customization based on the specific arrangement between the parties. It's particularly useful for situations where parties want legal protection but prefer to avoid commercial lending channels.

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

2. Background: Brief context of the friendly relationship and purpose of the loan

3. Definitions: Key terms used in the agreement including 'Loan Amount', 'Interest Rate', 'Repayment Date'

4. Loan Details: Specific amount being lent and when it will be provided

5. Interest: Interest rate (if any) and how it is calculated

6. Repayment Terms: Payment schedule, method of payment, and due dates

7. Default: What constitutes a default and consequences of missing payments

8. Representations: Basic statements that both parties make about their capacity to enter into the agreement

9. Early Repayment: Terms for early loan repayment

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

11. Governing Law: Confirmation that Indonesian law governs the agreement