Cash Loan Simple Loan Agreement Template for Belgium

The Cash Loan Simple Loan Agreement is a fundamental legal document used in Belgium for straightforward lending transactions. It's designed for situations where one party (the lender) provides a sum of money to another party (the borrower) under clearly defined repayment terms. This document type is particularly relevant under Belgian law, which requires specific provisions under the Civil Code and Economic Law Code, especially regarding interest rate calculations and consumer protection. The agreement can be used for both private and commercial lending, though it's intentionally kept simple for straightforward transactions rather than complex financial arrangements. It includes essential elements required by Belgian law such as clear identification of parties, loan amount, interest rates within legal limits, repayment terms, and default provisions. The document should be used when parties need a legally compliant but uncomplicated loan structure in Belgium, whether for personal, small business, or basic commercial lending purposes.

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

2. Background: Brief context of the loan arrangement and purpose

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

4. Loan Amount and Purpose: Specification of the loan amount and intended use of funds

5. Interest Rate: Details of the applicable interest rate, calculation method, and compliance with Belgian usury laws

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

7. Representations and Warranties: Basic declarations by the borrower regarding their capacity to enter into the agreement

8. Events of Default: Circumstances constituting default and consequences

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

10. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction

11. Execution: Signature blocks and execution requirements