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The Instalment Credit Agreement is a crucial financial document used when a credit provider extends credit to a borrower who will repay the amount in regular instalments. This document is specifically designed for use in the Netherlands and must comply with Dutch financial regulations, including the Dutch Civil Code, Consumer Credit Act, and Financial Supervision Act, as well as relevant EU directives. It is commonly used in various scenarios, from consumer purchases to business financing, and includes essential elements such as credit amount, interest calculations, payment schedules, default provisions, and consumer protection measures. The agreement provides legal security for both the credit provider and borrower while ensuring transparency and regulatory compliance in the Dutch financial services market.

1. Parties: Identification of the credit provider and the borrower, including full legal names, addresses, and registration details where applicable

2. Background: Brief context of the credit arrangement, purpose of the loan, and any relevant pre-contractual discussions

3. Definitions: Definitions of key terms used throughout the agreement, including financial terms, dates, and technical terminology

4. Credit Amount and Purpose: Specification of the total credit amount, purpose of the credit, and any conditions precedent to drawdown

5. Instalments and Payment Terms: Detailed payment schedule, instalment amounts, payment dates, and payment methods

6. Interest Rate and Costs: Specification of interest rate (fixed or variable), APR, additional costs, fees, and calculation methods

7. Term and Repayment: Duration of the agreement, repayment schedule, and early repayment provisions

8. Security: Details of any security or guarantees required for the credit

9. Representations and Warranties: Statements and assurances made by the borrower regarding their financial situation and ability to repay

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

11. Termination: Conditions and procedures for termination of the agreement

12. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes