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The Work Loan Agreement serves as a crucial document in Indonesian business operations where employers provide financial assistance to their employees through formal loan arrangements. This document is commonly used when employees require financial support for various purposes such as education, medical expenses, housing, or personal emergencies. The agreement must comply with Indonesian labor laws, particularly the Civil Code (KUHPerdata) and Law No. 13 of 2003 on Manpower, while also adhering to financial services regulations. The Work Loan Agreement includes essential details such as loan amount, repayment schedule, interest rates (if applicable), salary deduction authorizations, and provisions for early repayment or employment termination. It provides legal protection for both parties by clearly documenting the terms of the loan and ensuring transparency in the employer-employee financial relationship.

1. Parties: Identification of the employer (lender) and employee (borrower) with complete legal names and addresses

2. Background: Context of the loan agreement, employment relationship, and purpose of the loan

3. Definitions: Key terms used throughout the agreement including 'Loan Amount', 'Repayment Period', 'Interest Rate' (if applicable), and other relevant terms

4. Loan Details: Specific details of the loan including amount, purpose, and disbursement method

5. Repayment Terms: Structure of repayment including payment schedule, method (e.g., salary deduction), and repayment amount

6. Interest and Fees: Any applicable interest rates or administrative fees, calculated in accordance with Indonesian law

7. Employee Obligations: Employee's commitments and responsibilities regarding the loan

8. Employer Rights and Obligations: Employer's commitments and responsibilities regarding the loan disbursement and collection

9. Default Provisions: Consequences and procedures in case of default or missed payments

10. Employment Termination: Procedures and obligations regarding loan repayment in case of employment termination

11. Governing Law: Specification of Indonesian law as governing law and relevant jurisdictional matters

12. Execution: Signature blocks and execution requirements