Finance Agreement Template for Ireland

A Finance Agreement sets out the terms and conditions for borrowing money, forming a legally binding contract between a lender and borrower. In Ireland, these agreements cover everything from personal loans and mortgages to business financing, spelling out key details like interest rates, repayment schedules, and security requirements.

Irish law requires finance agreements to meet strict consumer protection standards under the Consumer Credit Act and Central Bank regulations. The agreement must clearly state the total cost of credit, APR, and all fees involved. For business lending, these contracts often include additional provisions about asset security, default conditions, and early repayment options.

Use a Finance Agreement any time you need to borrow or lend money in Ireland, from buying a house to funding business expansion. These agreements become essential when taking out loans from banks, credit unions, or private lenders, as they protect both parties by clearly documenting the terms of lending.

For businesses, Finance Agreements are crucial when purchasing equipment, funding inventory, or managing cash flow through credit facilities. They're particularly important for regulated financial transactions under Irish banking laws, and when dealing with amounts above €25,000 where verbal agreements aren't sufficient. Having clear documentation helps prevent disputes and ensures compliance with Central Bank requirements.

• Simple Loan Agreement: Basic format for straightforward lending between parties, ideal for smaller amounts and clear terms
• Car Loan Agreement: Specialized agreement for vehicle financing with specific collateral and insurance requirements
• Car Finance Agreement: Comprehensive vehicle financing document including hire purchase and PCP options
• Intercompany Loan Agreement: Used between related companies, addressing transfer pricing and group financing rules
• Individual Loan Agreement: Tailored for personal lending, incorporating consumer protection requirements

• Banks and Financial Institutions: Primary lenders who draft and issue Finance Agreements, ensuring compliance with Irish banking regulations
• Credit Unions: Local lenders offering personal and business loans with member-focused terms
• Business Owners: Borrowers seeking capital for expansion, equipment, or working capital needs
• Legal Professionals: Solicitors and legal teams who review and customize agreements to protect client interests
• Individual Borrowers: Private citizens taking out personal loans, mortgages, or car finance
• Financial Advisors: Professionals who guide clients through terms and implications of financing options

• Borrower Details: Gather full legal names, addresses, and PPS numbers of all parties involved
• Loan Specifics: Document the exact amount, interest rate, repayment schedule, and term length
• Security Details: List any assets being used as collateral, including current valuations
• Financial Status: Compile proof of income, bank statements, and credit history reports
• Purpose Declaration: Clearly state the intended use of funds for regulatory compliance
• Legal Requirements: Our platform ensures your Finance Agreement meets Central Bank guidelines and consumer protection laws
• Review Points: Check all payment terms, default conditions, and early repayment options

• Party Details: Full legal names, addresses, and roles of lender and borrower(s)
• Loan Terms: Principal amount, interest rate (APR), and total cost of credit under Irish consumer law
• Payment Schedule: Clear repayment dates, amounts, and methods of payment
• Security Provisions: Details of any collateral, guarantees, or charges over assets
• Default Conditions: Consequences of missed payments and enforcement rights
• Early Repayment: Terms and any penalties under the Consumer Credit Act
• Data Protection: GDPR compliance statements and data handling procedures
• Governing Law: Explicit statement of Irish law jurisdiction and enforcement

A Finance Agreement differs significantly from a Bond Purchase Agreement in several key ways. While both involve financial transactions, their structure and purpose serve distinct needs in Irish business and finance.

• Primary Purpose: Finance Agreements focus on direct lending relationships with regular repayment schedules, while Bond Purchase Agreement involves investing in debt securities with fixed returns
• Legal Structure: Finance Agreements create a direct creditor-debtor relationship, whereas Bond Purchase Agreements establish an investor-issuer relationship under Irish securities law
• Flexibility: Finance Agreements offer more room for customizing terms and repayment schedules, while bond terms are typically standardized for market trading
• Regulatory Framework: Finance Agreements fall under consumer credit or business lending regulations, while Bond Purchase Agreements must comply with Irish securities and capital markets laws