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The Real Estate Loan Agreement is a fundamental document in Indonesian property financing, used when a financial institution provides funding for property purchase, development, or refinancing. It must comply with multiple regulatory frameworks including the Indonesian Civil Code, Banking Law, and property regulations. The document is essential for securing the lender's interests through property collateral (Hak Tanggungan) while protecting borrower rights under OJK regulations. It includes comprehensive provisions for loan disbursement, repayment terms, property maintenance requirements, default scenarios, and enforcement mechanisms. The agreement requires notarization and registration with relevant authorities, making it a crucial instrument for both commercial and residential property financing in Indonesia.

1. Parties: Identification of the lender (bank/financial institution) and borrower, including complete legal names, addresses, and registration details

2. Background: Context of the loan agreement, purpose of the loan, and brief description of the property being financed

3. Definitions: Definitions of key terms used throughout the agreement, including financial terms, property-related terms, and legal concepts

4. Loan Details: Specific details of the loan including principal amount, interest rate, term, and purpose

5. Disbursement Terms: Conditions precedent for disbursement and the mechanism for releasing loan funds

6. Repayment Terms: Payment schedule, method of payment, prepayment provisions, and late payment consequences

7. Security and Collateral: Details of the property being used as collateral, including its legal description and the mortgage arrangement (Hak Tanggungan)

8. Representations and Warranties: Statements of fact and assurances from the borrower regarding their legal capacity, property ownership, and financial condition

9. Covenants: Ongoing obligations of the borrower including property maintenance, insurance, and financial reporting requirements

10. Events of Default: Circumstances constituting default and their consequences

11. Enforcement Rights: Lender's rights and remedies in case of default, including property foreclosure procedures

12. Costs and Taxes: Allocation of transaction costs, taxes, and ongoing expenses

13. Governing Law and Jurisdiction: Confirmation of Indonesian law as governing law and jurisdiction for disputes

14. Notices: Process and requirements for formal communications between parties

15. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments