Document background
The Instalment Credit Agreement is a fundamental financial document used in Ireland when providing credit facilities where repayment is made through regular instalments over a fixed period. This agreement type is commonly used for financing purchases of goods, services, or equipment, structured in compliance with the Consumer Credit Act 1995 and related Irish and EU regulations. It includes mandatory consumer protection provisions, clear cost of credit disclosures, and detailed repayment schedules. The document serves both regulated financial institutions and licensed credit providers, incorporating necessary regulatory requirements while maintaining commercial flexibility. It's designed to protect both lender and borrower interests while ensuring transparency and fairness in credit provision.
