Document background
The Peer to Peer Loan Contract serves as a formal documentation of a direct lending arrangement between private parties under Belgian law. This document is essential when individuals or entities wish to engage in private lending outside traditional banking channels, while ensuring compliance with Belgian financial regulations and civil law requirements. It should be used whenever a private loan is extended, whether for personal, business, or investment purposes. The contract includes crucial elements such as loan amount, interest rates (subject to Belgian usury laws), repayment terms, default provisions, and any applicable security arrangements. This document type has gained particular importance with the rise of alternative financing methods and the growing popularity of peer-to-peer lending platforms in Belgium, requiring careful attention to both civil law principles and financial services regulations.
