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The Informal Loan Agreement is designed for situations where parties in Indonesia need to document a loan arrangement outside of traditional banking channels. This document type is commonly used for personal loans between family members, friends, or small business transactions, providing a balance between legal protection and practical simplicity. It incorporates essential requirements under Indonesian law while maintaining accessibility for non-legal users. The agreement includes key provisions such as loan amount, interest rates, repayment terms, and basic protections for both parties, all structured in compliance with the Indonesian Civil Code (KUHPer). While informal in nature, the document ensures that basic legal requirements are met to make the agreement enforceable if needed.

1. Parties: Identifies and provides complete details of the lender and borrower, including full names, addresses, and ID numbers

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

3. Definitions: Defines key terms used in the agreement for clarity

4. Loan Amount and Purpose: Specifies the principal amount being lent and its intended use

5. Interest Rate: States the agreed interest rate and calculation method

6. Repayment Terms: Details the repayment schedule, including payment amounts, frequency, and duration

7. Method of Payment: Specifies acceptable payment methods and account details

8. Default and Remedies: Outlines what constitutes default and the consequences

9. Representations and Warranties: Basic statements about the borrower's ability to repay and legal capacity

10. Governing Law: Confirms the agreement is governed by Indonesian law

11. Signatures: Space for parties to sign and date the agreement