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This Online Loan Agreement is designed for use in Malaysia's growing digital financial services sector, where traditional lending institutions and FinTech companies increasingly offer loans through digital channels. The agreement is structured to comply with Malaysian financial regulations, including the Financial Services Act 2013 and Electronic Commerce Act 2006, while incorporating necessary provisions for online execution and digital communication. It is particularly relevant for financial institutions looking to expand their digital lending capabilities, covering various loan types from personal to business loans, and including essential provisions for electronic transactions, data protection, and online security measures. The document addresses both the technical aspects of online lending and the regulatory requirements specific to the Malaysian jurisdiction.

1. Parties: Identification of the lender and borrower, including their full legal names, registration numbers (if applicable), and addresses

2. Background: Context of the loan agreement and the parties' intention to enter into an online lending arrangement

3. Definitions: Detailed definitions of terms used throughout the agreement, including technical terms related to online transactions

4. Loan Amount and Purpose: Specification of the loan amount, currency, and permitted use of the funds

5. Interest Rate and Charges: Details of interest rate, calculation method, and any additional charges or fees

6. Repayment Terms: Schedule of repayments, payment methods, and conditions for early repayment

7. Security and Guarantees: Details of any security or guarantees required for the loan

8. Representations and Warranties: Statements and assurances made by the borrower regarding their capacity and ability to repay

9. Events of Default: Circumstances that constitute default and the consequences thereof

10. Electronic Execution and Communications: Provisions regarding the validity of electronic signatures and online communications

11. Data Protection and Privacy: Compliance with PDPA and handling of personal information

12. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes