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The Loan Repayment Agreement Letter is a crucial document in Indonesian lending practices, typically used when formalizing the repayment terms of an existing loan or restructuring payment arrangements. This document is essential in both corporate and individual lending scenarios, providing a clear framework for loan repayment while ensuring compliance with Indonesian financial regulations and civil law requirements. The letter includes vital information such as outstanding loan amount, repayment schedule, interest calculations, and default provisions. It's particularly important in Indonesia's legal framework, where formal documentation of financial obligations is required for enforceability. The document can be used for various purposes, including debt restructuring, formalizing verbal agreements, or updating existing loan terms, and must comply with regulations from the Financial Services Authority (OJK) and the Indonesian Civil Code.

1. Letter Header: Date, reference number, and formal address to the recipient

2. Recipient Details: Full name and address of the debtor

3. Subject Line: Clear indication that this is a Loan Repayment Agreement Letter

4. Opening Statement: Reference to the original loan agreement, including date and amount

5. Outstanding Amount: Clear statement of the current outstanding loan amount, including any interest accrued

6. Repayment Terms: Detailed repayment schedule, payment method, and timeline

7. Interest Rate: Specification of applicable interest rate and calculation method

8. Payment Instructions: Bank account details and payment procedures

9. Default Provisions: Consequences of missing payments or defaulting on the agreement

10. Confirmation Request: Request for acknowledgment and agreement to the terms

11. Closing: Formal closing statement, signature block for both parties

12. Contact Information: Lender's contact details for correspondence