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The Student Loan Agreement serves as a legally binding document between a financial institution and a student seeking funding for educational purposes in Indonesia. This agreement is essential when a student requires financial assistance to pursue their education and a financial institution agrees to provide such funding under specific terms and conditions. The document is structured in accordance with Indonesian banking regulations, consumer protection laws, and educational funding requirements, incorporating necessary provisions for loan amount, interest calculations, repayment schedules, and default procedures. It may also include provisions for guarantors, typically parents or guardians, and specific requirements related to the student's academic progress and post-graduation obligations. The agreement ensures protection for both the lender and borrower while promoting accessible education financing within the Indonesian legal framework.

1. Parties: Identifies the lender and the student borrower, including their complete legal names, addresses, and identification numbers

2. Background: Explains the context of the loan, including the student's educational institution, program of study, and purpose of the loan

3. Definitions: Defines key terms used throughout the agreement, including technical financial terms and education-specific terminology

4. Loan Amount and Purpose: Specifies the total loan amount, purpose of the loan, and any conditions for disbursement

5. Interest Rate and Calculations: Details the applicable interest rate, whether fixed or variable, and how interest is calculated

6. Disbursement Terms: Explains how and when the loan funds will be disbursed, including any conditions precedent

7. Repayment Terms: Specifies the repayment schedule, installment amounts, and payment methods

8. Grace Period: Details any grace period after graduation or completion of studies before repayment begins

9. Early Repayment: Outlines terms and conditions for early repayment, including any penalties or benefits

10. Default and Consequences: Defines what constitutes default and the consequences thereof

11. Representations and Warranties: States the representations and warranties made by both parties

12. Borrower's Obligations: Lists ongoing obligations of the borrower during the loan term

13. Lender's Rights: Outlines the rights of the lender, including right to information and inspection

14. Amendments: Specifies how the agreement can be modified

15. Governing Law and Jurisdiction: Specifies Indonesian law as governing law and defines jurisdiction for disputes

16. Notices: Details how formal communications between parties should be made

17. Execution: Signature blocks and execution requirements