This Personal Loan Agreement template is designed for use in Malta by financial institutions, banks, and licensed lenders when extending personal loans to individual borrowers. The document incorporates all essential elements required under Maltese law, including compliance with the Financial Institutions Act, Consumer Affairs Act, and Civil Code provisions. It is typically used for unsecured or secured personal loans, containing detailed terms about the loan amount, interest calculations, repayment schedules, and default provisions. The agreement ensures protection for both lender and borrower interests while maintaining compliance with Maltese banking regulations and consumer protection requirements. It includes optional provisions for guarantors, security arrangements, and early repayment options, making it adaptable to various personal lending scenarios within the Maltese jurisdiction.

1. Parties: Identifies and provides full details of the Lender and Borrower, including names, addresses, and identification numbers

2. Background: Outlines the context of the loan agreement and the parties' intention to enter into a lending arrangement

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Loan Amount and Purpose: Specifies the principal amount of the loan and its intended use

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

6. Repayment Terms: Specifies payment schedule, installment amounts, and payment methods

7. Security: Details any security or collateral provided for the loan

8. Representations and Warranties: Statements of fact and assurances made by the Borrower regarding their financial situation and ability to repay

9. Borrower's Covenants: Ongoing obligations of the Borrower during the loan term

10. Events of Default: Defines circumstances constituting default and consequences thereof

11. Remedies: Outlines the Lender's rights and remedies in case of default

12. Notices: Specifies how formal communications between parties should be made

13. Governing Law and Jurisdiction: Confirms Maltese law as governing law and jurisdiction for disputes