51��Ƶ����

The Simple Business Loan Agreement serves as a fundamental legal instrument for business financing in Indonesia, designed to facilitate commercial lending while ensuring compliance with Indonesian banking regulations and civil law requirements. This document is typically used when businesses seek formal financing from banks or financial institutions, requiring a clear legal framework for the lending relationship. It encompasses essential elements required by Indonesian law, including detailed loan terms, security arrangements, and enforcement mechanisms. The agreement is structured to protect both lender and borrower interests while maintaining compliance with Financial Services Authority (OJK) regulations and the Indonesian Civil Code. It's particularly relevant for small to medium-sized business transactions where standardized loan terms are appropriate, and can be adapted for various business purposes while maintaining its core regulatory compliance features.

1. Parties: Identification of the Lender and Borrower, including their complete legal names, registration numbers, addresses, and authorized representatives

2. Background: Brief context of the loan arrangement, purpose of the loan, and basic premises of the agreement

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

4. Loan Amount and Purpose: Specification of the loan amount, currency, and permitted use of funds

5. Interest Rate: Details of interest rate, calculation method, and payment frequency in compliance with Indonesian banking regulations

6. Repayment Terms: Repayment schedule, payment methods, and prepayment provisions

7. Conditions Precedent: Conditions that must be satisfied before the loan is disbursed

8. Representations and Warranties: Standard declarations by the Borrower about their legal status, authority, and financial condition

9. Borrower's Covenants: Positive and negative obligations of the Borrower during the loan term

10. Events of Default: Circumstances that constitute default and their consequences

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

12. Notices: Process and requirements for formal communications between parties

13. Miscellaneous: Standard boilerplate provisions including severability, amendments, and entire agreement