Document background
The Installment Loan Agreement is a crucial financial document used in Belgium when establishing a structured lending arrangement where funds are to be repaid in regular installments over a specified period. This document is essential for both consumer and business lending, incorporating mandatory requirements under Belgian law, including consumer protection provisions from the Code of Economic Law and financial regulations overseen by the Belgian Financial Services and Markets Authority (FSMA). The agreement typically covers loan amounts from €1,000 to €1,000,000, with repayment terms ranging from 6 months to 30 years, depending on the purpose and nature of the loan. It includes detailed terms about interest calculation, payment schedules, borrower obligations, and default provisions, all aligned with Belgian legal requirements and EU directives on consumer credit.
