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This Co-Borrower Agreement template is designed for use in Indonesian jurisdiction when multiple parties wish to jointly take responsibility for a loan obligation. The document is essential in situations where two or more individuals or entities need to combine their creditworthiness or financial capacity to obtain financing. It complies with Indonesian banking regulations, the Civil Code (KUHPerdata), and OJK requirements. The agreement includes comprehensive provisions for joint and several liability, ensuring each co-borrower is fully responsible for the entire loan amount. It's commonly used in both personal lending (such as family members co-borrowing for a mortgage) and business contexts (such as business partners or related companies seeking joint financing). The document addresses key aspects including loan terms, payment obligations, default scenarios, and communication protocols between parties.

1. Parties: Identification of the Lender, Primary Borrower, and Co-Borrower(s), including their complete legal names and addresses

2. Background: Context of the agreement, including the loan purpose and relationship between the borrowers

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

4. Loan Details: Specific details of the loan including principal amount, interest rate, and term

5. Joint and Several Liability: Clear statement of joint and several liability of all co-borrowers for the entire loan amount

6. Representations and Warranties: Declarations by all borrowers regarding their legal capacity, financial condition, and authority to enter into the agreement

7. Payment Terms: Details of repayment schedule, payment methods, and allocation of payments between co-borrowers

8. Default Provisions: Circumstances constituting default and consequences thereof

9. Rights and Obligations: Specific rights and obligations of each party, including reporting requirements and maintenance of financial conditions

10. Communications: Protocol for notices and communications between parties

11. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes

12. Amendment and Assignment: Provisions for modifying the agreement and restrictions on assignment of rights/obligations

13. Execution: Signature blocks and execution requirements for all parties