Fixed Sum Credit Agreement for United Arab Emirates

Fixed Sum Credit Agreement Template for United Arab Emirates

A comprehensive legal document governed by UAE law that establishes the terms and conditions for a fixed-sum credit facility between a lender and borrower. The agreement complies with UAE Federal Laws, Central Bank regulations, and optionally, Sharia principles, detailing the credit amount, repayment terms, interest rates, security arrangements, and obligations of all parties. It incorporates specific UAE regulatory requirements, including consumer protection provisions and banking regulations, while providing clear mechanisms for enforcement under UAE jurisdiction.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Fixed Sum Credit Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Fixed Sum Credit Agreement?

The Fixed Sum Credit Agreement is a crucial financial instrument used in the United Arab Emirates when a lender provides a specific amount of credit to a borrower under defined terms. This document is essential for both commercial and personal lending transactions, structured in compliance with UAE Federal Laws, particularly Federal Law No. 18 of 1993 (Commercial Code) and Federal Law No. 14 of 2018 (Central Bank Law). It's commonly used when businesses or individuals require fixed-amount financing for specific purposes, such as capital expenditure, expansion, or asset acquisition. The agreement includes detailed provisions for drawdown, repayment, security, and default scenarios, while incorporating necessary UAE regulatory requirements and optional Sharia-compliance provisions. It serves as a legally binding document that protects both lender and borrower interests while ensuring transparency and enforceability under UAE law.

What sections should be included in a Fixed Sum Credit Agreement?

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

2. Background: Context of the agreement including purpose of the credit facility

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

4. Facility Amount and Purpose: Specification of the credit amount and permitted purpose of the facility

5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available

6. Drawdown: Terms and procedures for drawing down the credit facility

7. Interest and Fees: Interest rate, calculation method, and applicable fees

8. Repayment Terms: Schedule and methods of repayment, including early repayment provisions

9. Representations and Warranties: Statements of fact and assurances given by the borrower

10. Covenants: Ongoing obligations of the borrower during the term of the facility

11. Events of Default: Circumstances constituting default and consequences

12. Security: Details of any security or guarantees provided

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

What sections are optional to include in a Fixed Sum Credit Agreement?

1. Islamic Finance Provisions: Required if the facility needs to be Sharia-compliant

2. Currency Provisions: Required if the facility is provided in a currency other than AED

3. Group Company Guarantees: Required if guarantees are provided by related companies

4. Insurance Requirements: Required if specific insurance coverage is mandatory

5. Additional Borrower Obligations: Required for specific industry or regulatory requirements

6. Cross-Default Provisions: Required if linking to other facilities or agreements

7. Assignment and Transfer: Required if transfer rights are to be included

What schedules should be included in a Fixed Sum Credit Agreement?

1. Repayment Schedule: Detailed schedule of repayment dates and amounts

2. Conditions Precedent Documents: List of required documents and conditions to be satisfied

3. Fee Schedule: Detailed breakdown of all applicable fees and charges

4. Form of Drawdown Notice: Template for requesting drawdown of the facility

5. Security Documents: Forms of security documents and guarantees

6. Calculation of Interest: Detailed methodology for interest calculation

7. Permitted Security Interests: List of existing or permitted security interests

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions
Relevant Industries

Banking and Financial Services

Real Estate

Construction

Manufacturing

Retail

Healthcare

Education

Hospitality

Technology

Transportation and Logistics

Energy and Utilities

Small and Medium Enterprises

Relevant Teams

Legal

Finance

Compliance

Risk Management

Corporate Banking

Credit Analysis

Treasury

Operations

Regulatory Affairs

Documentation

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Compliance Officer

Credit Risk Manager

Treasury Manager

Corporate Banking Manager

Relationship Manager

Credit Analyst

Financial Controller

Legal Director

Banking Operations Manager

Risk Assessment Officer

Document Controller

Regulatory Compliance Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Salary Loan Agreement

UAE-governed agreement establishing terms for a salary-backed personal loan between a financial institution and employed individual, including salary assignment provisions.

find out more

Project Finance Loan Agreement

A UAE-law governed template for project finance loans, integrating conventional and Islamic finance principles for large-scale projects.

find out more

OverAgreement

UAE-governed agreement establishing terms for bank overdraft facilities, including limits, rates, and security arrangements under UAE banking regulations.

find out more

Non Recourse Loan Agreement

UAE-law non-recourse loan template for secured financing, limiting lender's recourse to designated collateral assets.

find out more

Mezzanine Loan Agreement

A UAE-law mezzanine loan template addressing Sharia compliance, regulatory requirements, and security interests for financing arrangements.

find out more

Loan Participation Agreement

A UAE banking document template for structuring loan participation agreements, compliant with local laws and international standards.

find out more

Loan Note Register

UAE-compliant template for maintaining a structured register of loan notes, ensuring proper documentation and regulatory compliance under UAE federal laws.

find out more

Loan Facility Agreement

A UAE legal document template for establishing credit facilities, incorporating conventional and Islamic financing options.

find out more

Loan Consent Form

A UAE-compliant document capturing formal consent and acknowledgment from parties involved in a lending transaction, adhering to UAE Federal Laws and Banking regulations.

find out more

Litigation Financing Agreement

UAE law-governed agreement establishing terms for third-party funding of litigation, including funding commitments, success fees, and control mechanisms.

find out more

Inter Corporate Loan Agreement

UAE-governed agreement establishing terms for corporate-to-corporate lending, including loan facility, security, and enforcement provisions under UAE law.

find out more

House Loan Contract

UAE-governed agreement between a financial institution and borrower for property financing, detailing loan terms and mortgage security arrangements.

find out more

Hand Loan Agreement

A UAE-compliant agreement documenting a personal loan between parties, outlining loan terms and repayment conditions in accordance with UAE Civil Code and Sharia principles.

find out more

Flexi Finance Loan Agreement

UAE-governed flexible loan facility agreement allowing variable drawdowns subject to a maximum limit, compliant with UAE banking and finance laws.

find out more

Facility Letter Mortgage

A UAE-compliant document combining a credit facility offer with mortgage security arrangements, outlining financing terms and property security details under UAE Federal and Emirates laws.

find out more

Employee Forgivable Loan Agreement

A UAE legal document offering forgivable loans to employees, ensuring retention through compliance with local labor laws and Sharia principles.

find out more

Employee Equipment Loan Agreement

A UAE legal document outlining terms for employee equipment loans, ensuring compliance with labor and property laws.

find out more

Employee Cash Advance Agreement

A UAE legal document outlining salary advance terms, ensuring compliance with labor laws and protecting employer-employee interests.

find out more

Domestic Helper Loan Agreement

A UAE legal document outlining loan terms for domestic helpers, ensuring compliance with employment and financial regulations.

find out more

Device Loan Agreement

A UAE legal document for loaning electronic devices, detailing usage, maintenance, and return conditions.

find out more

Debt To Equity Conversion Agreement

A UAE legal document for converting company debt into equity, ensuring compliance with local laws and regulations.

find out more

Credit Terms Agreement

UAE-compliant credit terms agreement template establishing terms and conditions for credit facilities between financial institutions and borrowers.

find out more

Borrowing Form

A UAE legal template for documenting lending arrangements, accommodating both conventional and Islamic financing principles.

find out more

Assignment Of Loan Agreement

A UAE law-governed agreement transferring rights and obligations under an existing loan from one lender to another, compliant with UAE Civil Code and banking regulations.

find out more

Assignment Of Debt Agreement

A UAE legal document for transferring creditor rights, ensuring compliance with civil and Sharia law principles.

find out more

Agreement Between Two Persons For Money

UAE-governed agreement formalizing monetary arrangements between two individuals, compliant with UAE Civil Code and Sharia principles.

find out more

Title Loan Agreement

A UAE legal document for vehicle-secured loans, ensuring compliance with local laws and Sharia principles.

find out more

Money Lending Form

UAE-compliant lending agreement template suitable for both conventional and Islamic financing arrangements, incorporating local regulatory requirements and banking practices.

find out more

Subordinated Loan Agreement

UAE law-governed template for subordinated loan arrangements, establishing terms and conditions for subordinated debt financing in compliance with UAE regulations.

find out more

Forgivable Loan Agreement

A UAE legal template for forgivable loans, detailing terms, forgiveness conditions, and compliance with local laws.

find out more

Loan Agreement With Guarantor

A UAE legal template for secured loans with guarantor, ensuring compliance with local lending and guarantee laws.

find out more

Payday Loan Contract

A UAE-law governed payday loan contract template for short-term loans, incorporating regulatory and consumer protection provisions.

find out more

Simple Loan Application Form

A UAE banking sector template for standardized loan applications, integrating conventional and Islamic financing options.

find out more

Loan Guarantor Agreement

A UAE legal document for third-party loan guarantee, ensuring compliance with local banking and Sharia regulations.

find out more

Employee Laptop Agreement

UAE-governed agreement establishing terms for company laptop provision to employees, including usage policies and security requirements.

find out more

Debt Purchase Agreement

A UAE legal template for debt purchase agreements, ensuring compliance with federal laws and Islamic finance principles.

find out more

Personal Loan Receipt

A UAE banking document detailing personal loan terms, ensuring compliance with local regulations and consumer protection laws.

find out more

Simple Convertible Loan Agreement

UAE law-governed convertible loan agreement template for company financing with loan-to-equity conversion options.

find out more

Work Loan Agreement

A UAE-governed agreement establishing terms for an employer-provided loan to an employee, including repayment terms and obligations under UAE Federal Laws.

find out more

Board Resolution To Borrow

A UAE legal document authorizing corporate borrowing, detailing board approval, loan terms, and designated signatories.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now