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A Credit Agreement outlines the terms and conditions when a lender provides money to a borrower in Belgium. It captures essential details like the loan amount, interest rates, repayment schedule, and any collateral requirements - all following Belgian financial regulations and the Civil Code.

Under Belgian law, these agreements protect both parties by clearly stating their rights and obligations. They're commonly used by banks, financial institutions, and businesses for various lending purposes, from commercial loans to consumer credit. The agreement becomes legally binding once signed and must comply with Belgium's strict consumer protection rules, especially those governing credit relationships.

Use a Credit Agreement anytime you're lending or borrowing money in Belgium - from financing business expansion to securing working capital. It's essential for both simple loans between companies and complex financing arrangements with multiple lenders, especially when the amount exceeds €25,000.

Having this agreement in place protects everyone involved by clearly documenting interest rates, payment schedules, and default consequences. Belgian law requires specific terms for consumer credit, so it's particularly important when lending to individuals. For business loans, include provisions about collateral, guarantees, and early repayment options to avoid future disputes.

• Credit Sale Agreement: Used for purchases with deferred payment terms, common in B2B transactions and retail financing.
• Revolving Credit Loan Agreement: Enables flexible borrowing up to a set limit, ideal for business operating expenses.
• Employee Credit Card Agreement: Governs company card usage and spending limits for staff members.
• Credit Loan Agreement: Standard fixed-term lending contract with set repayment schedule and interest rates.

• Banks and Financial Institutions: Act as primary lenders, drafting agreements and setting terms for both business and consumer loans under Belgian banking regulations.
• Corporate Borrowers: Companies seeking financing for expansion, equipment, or working capital, often represented by their CFOs or financial directors.
• Legal Counsel: Review and customize Credit Agreement terms, ensuring compliance with Belgian financial law and protecting client interests.
• Individual Consumers: Sign agreements for personal loans, mortgages, or credit cards, protected by strict Belgian consumer protection rules.
• Guarantors: Third parties who provide additional security by guaranteeing loan repayment if the primary borrower defaults.

• Basic Details: Gather full legal names, addresses, and registration numbers of all parties, including any guarantors.
• Loan Specifics: Document the exact amount, interest rate, term length, and repayment schedule following Belgian interest rate regulations.
• Security Information: List any collateral, including property details or asset descriptions that secure the loan.
• Financial Documentation: Collect proof of income, financial statements, or business plans to support credit assessment.
• Compliance Check: Our platform ensures your Credit Agreement includes all mandatory Belgian legal requirements and consumer protection clauses.
• Review Process: Double-check payment terms, default provisions, and early repayment options before finalizing.

• Party Details: Full legal identities of lender, borrower, and any guarantors as required by Belgian Civil Code.
• Loan Terms: Precise amount, interest rate calculation method, and APR disclosure following Belgian consumer credit laws.
• Payment Schedule: Clear repayment terms, including dates, amounts, and early repayment provisions.
• Security Provisions: Description of any collateral or guarantees securing the loan.
• Default Clauses: Consequences of missed payments and remedies available under Belgian law.
• Privacy Statement: GDPR-compliant data processing terms and consent requirements.
• Governing Law: Explicit reference to Belgian law and jurisdiction for dispute re����ֱ��.

A Credit Agreement differs significantly from an Intercreditor Agreement in both purpose and scope under Belgian law. While a Credit Agreement establishes the primary lending relationship between borrower and lender, an Intercreditor Agreement manages relationships between multiple lenders for the same borrower.

• Primary Focus: Credit Agreements outline loan terms, repayment schedules, and borrower obligations. Intercreditor Agreements establish lender priorities and rights.
• Timing: Credit Agreements come first in the lending process, while Intercreditor Agreements are needed only when multiple lenders are involved.
• Party Structure: Credit Agreements involve one lender and one borrower (plus guarantors). Intercreditor Agreements coordinate multiple lenders' rights and rankings.
• Legal Scope: Credit Agreements focus on debt terms and conditions. Intercreditor Agreements manage security interests and payment hierarchies between creditors.