Document background
The Interest Bearing Loan Agreement is a fundamental financial instrument used in Belgian business and personal transactions where one party (the lender) provides financial resources to another party (the borrower) in exchange for repayment with interest. This document is essential for both commercial and private lending transactions in Belgium, ensuring compliance with Belgian civil law, financial regulations, and consumer protection requirements where applicable. The agreement typically includes detailed provisions on interest calculation methods, repayment schedules, security arrangements, and default procedures. It is particularly important in the Belgian context due to specific regulatory requirements regarding interest rates, mandatory provisions for consumer protection, and civil law requirements for loan documentation. The document should be tailored to account for whether the borrower is a consumer or a business entity, as different legal requirements may apply.
