The Personal Loan Promissory Note is a fundamental document in Dutch lending practices, used to formalize personal loan arrangements between lenders and borrowers. This document is essential when individuals or institutions provide personal loans and need a legally binding instrument to evidence the debt obligation. Under Dutch law, particularly the Civil Code (Burgerlijk Wetboek), the promissory note must contain specific elements to be enforceable, including clear identification of parties, loan amount, interest rate, and repayment terms. The document provides protection for both lender and borrower by clearly stating the loan terms and obligations, while ensuring compliance with Dutch consumer protection laws and financial regulations. It can be used for various personal lending situations, from formal bank loans to private lending arrangements, and may include additional provisions for security or guarantees when required.

1. Parties: Identification of the lender and borrower with full legal names, addresses, and any registration numbers

2. Background: Brief context of the loan arrangement and relationship between parties

3. Definitions: Key terms used throughout the document

4. Promise to Pay: Clear statement of the borrower's promise to repay the loan amount with specified interest

5. Loan Amount and Disbursement: Specification of the principal amount and how/when it will be provided to the borrower

6. Interest Rate: Details of the applicable interest rate, whether fixed or variable, and calculation method

7. Repayment Terms: Payment schedule, installment amounts, and payment methods

8. Events of Default: Circumstances that constitute default and consequences thereof

9. Representations and Warranties: Basic statements about the borrower's legal capacity and authority to enter into the agreement

10. Governing Law: Specification of Dutch law as the governing law

11. Signatures: Execution block with date and signature lines for all parties