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The Simple Personal Loan Agreement is designed for use in situations where one party (the lender) agrees to provide a sum of money to another party (the borrower) under German law, with the expectation of repayment with interest. This document is particularly suitable for private lending arrangements, small to medium-sized loans, and situations where a straightforward lending structure is needed. The agreement incorporates all essential elements required under the German Civil Code (BGB), including specific provisions for loan agreements (Darlehensvertrag) under §§ 488-507 BGB. It provides a clear framework for the loan terms, repayment schedule, interest calculations, and default provisions while ensuring compliance with German consumer protection regulations. The document is structured to be accessible to non-legal professionals while maintaining legal validity.

1. Parties: Identification of lender and borrower with full legal names and addresses

2. Background: Brief context of the loan arrangement and relationship between parties

3. Definitions: Key terms used throughout the agreement including 'Loan Amount', 'Interest Rate', 'Repayment Date', etc.

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

5. Interest: Interest rate, calculation method, and payment frequency

6. Repayment Terms: Schedule of repayments, payment methods, and prepayment provisions

7. Default: Definition of default events and consequences, including default interest

8. Representations and Warranties: Basic declarations by borrower regarding legal capacity and financial status

9. Governing Law: Confirmation of German law as governing law and jurisdiction