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The Simple Personal Loan Agreement is designed for use in Belgian jurisdiction when one party wishes to lend money to another party for personal purposes. This document is structured to comply with Belgian Civil Code requirements and financial regulations, including consumer protection provisions and interest rate limitations. It's particularly useful for private lending arrangements, though it can also be adapted for institutional lenders. The agreement includes all essential elements required by Belgian law: clear identification of parties, loan amount, interest rate, repayment terms, and default provisions. It's suitable for both one-time loans and structured repayment plans, incorporating necessary safeguards for both lender and borrower while maintaining simplicity and clarity.

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

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

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the principal amount being lent and its intended use

5. Interest Rate: Clear statement of the applicable interest rate and calculation method

6. Repayment Terms: Details of repayment schedule, including payment amounts, frequency, and due dates

7. Method of Payment: Specified payment methods and account details for transfers

8. Late Payment and Default: Consequences of missed payments and definition of default events

9. Representations and Warranties: Basic declarations by the borrower regarding their capacity to enter into the agreement

10. Governing Law: Specification that Belgian law governs the agreement

11. Signatures: Execution block for parties' signatures and date