tiktok³ÉÈË°æ

All Countries
Banking
Consumer Credit Agreement

Consumer Credit Agreement Template for United Arab Emirates

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Consumer Credit Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Consumer Credit Agreement

"I need a Consumer Credit Agreement for a UAE-based Islamic bank offering personal financing up to AED 250,000, with a maximum term of 48 months and profit rate of 2.99% per annum, launching in March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Consumer Credit Agreement is a fundamental document used in the UAE banking sector for establishing legally binding credit arrangements between financial institutions and individual consumers. It must comply with strict UAE Central Bank regulations, particularly the Consumer Protection Regulation of 2021 and Federal Law No. 15 of 2020 on Consumer Protection. The agreement covers essential elements including credit amount, interest rates, fees, repayment terms, and borrower obligations, while incorporating both conventional and Islamic banking principles as required. This document is crucial for any consumer lending transaction in the UAE, whether for personal loans, credit cards, or other consumer credit facilities, and must include all mandatory disclosures and consumer rights as prescribed by UAE law.
Suggested Sections

1. Parties: Identification of the credit provider and the borrower with full legal names and details

2. Background: Brief context of the credit facility being offered and its purpose

3. Definitions: Clear definitions of key terms used throughout the agreement

4. Credit Facility Details: Specific details of the credit facility including amount, purpose, and term

5. Interest Rate and Charges: Detailed breakdown of interest rates, fees, and other charges

6. Repayment Terms: Schedule and methods of repayment, including installment amounts and dates

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

8. Borrower's Representations: Declarations and warranties made by the borrower regarding their financial situation

9. Lender's Rights and Obligations: Key responsibilities and rights of the credit provider

10. Events of Default: Circumstances constituting default and consequences

11. Early Repayment: Terms and conditions for early repayment of the credit facility

12. Communications: Methods and requirements for official communications between parties

13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes

Optional Sections

1. Islamic Banking Compliance: Required when the credit facility needs to comply with Sharia principles

2. Insurance Requirements: Include when credit-linked insurance is required or offered

3. Electronic Communications Consent: Include when digital communications and e-statements will be used

4. Third-Party Authorization: Include when the borrower may authorize third parties to act on their behalf

5. Special Drawdown Conditions: Include for facilities with specific drawdown requirements or conditions

6. Reward Programs: Include if the credit facility includes any reward or loyalty program features

Suggested Schedules

1. Schedule 1 - Repayment Schedule: Detailed breakdown of repayment installments, dates, and amounts

2. Schedule 2 - Fee Schedule: Comprehensive list of all applicable fees and charges

3. Schedule 3 - Required Documents: List of all documents required from the borrower

4. Appendix A - Terms and Conditions: Detailed general terms and conditions of the credit facility

5. Appendix B - Key Facts Statement: Summary of key information as required by UAE Central Bank regulations

6. Appendix C - Insurance Terms: Details of any mandatory or optional insurance coverage

7. Appendix D - Direct Debit Authority: Form for setting up automatic payments from borrower's account

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





































Clauses






























Relevant Industries

Banking

Financial Services

Retail Banking

Consumer Finance

Islamic Banking

Personal Banking

Credit Services

Financial Technology

Consumer Services

Relevant Teams

Legal

Compliance

Retail Banking

Consumer Credit

Risk Management

Operations

Customer Service

Product Development

Islamic Banking

Documentation

Credit Administration

Consumer Protection

Relevant Roles

Credit Officer

Retail Banking Manager

Compliance Officer

Legal Counsel

Consumer Banking Officer

Risk Manager

Product Manager - Consumer Credit

Branch Manager

Customer Service Manager

Operations Manager

Islamic Banking Specialist

Credit Risk Analyst

Consumer Protection Officer

Documentation Specialist

Relationship Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Standby Letter Of Credit Agreement

A UAE-governed agreement establishing terms for issuing and maintaining a standby letter of credit, incorporating UAE Federal Laws and international banking practices.

find out more

Home Credit Contract

UAE-governed agreement for residential property financing that establishes credit terms and security arrangements in compliance with UAE banking and property laws.

find out more

Line Of Credit Contract

UAE-governed financing agreement establishing a revolving credit facility between a lender and borrower, detailing facility terms and conditions under UAE Federal laws.

find out more

Credit Payment Agreement Letter

A UAE-compliant formal letter establishing credit payment terms and conditions between parties, governed by UAE Federal Laws and banking regulations.

find out more

Simple Money Lending Agreement

UAE-governed lending agreement establishing terms and conditions for a loan transaction, compliant with local laws and Sharia principles.

find out more

Money Lending Agreement

UAE-governed agreement establishing terms and conditions for lending transactions, compliant with UAE federal laws and Central Bank regulations.

find out more

Company Credit Card Agreement

UAE-governed agreement establishing terms for corporate credit card issuance and usage between a financial institution and company.

find out more

Cash Credit Agreement

UAE-governed agreement establishing terms for cash credit facility provision between a financial institution and borrower, compliant with UAE banking regulations.

find out more

Personal Credit Agreement

UAE-governed agreement establishing terms for personal credit between a financial institution and individual borrower, compliant with UAE banking and consumer protection regulations.

find out more

Promissory Note Credit Agreement

A UAE law-governed document combining a credit agreement and promissory note, establishing credit facility terms and an unconditional promise to pay.

find out more

General Credit Agreement

UAE-governed agreement establishing terms and conditions for credit facilities between lender and borrower, compliant with UAE banking regulations and local legal requirements.

find out more

Voluntary Credit Agreement

UAE-governed agreement establishing voluntary credit terms between lender and borrower, compliant with UAE Federal Laws and Sharia principles.

find out more

30 Day Credit Agreement

UAE-compliant 30-day credit agreement template for commercial transactions, incorporating local legal requirements and business practices.

find out more

Credit Term Agreement

UAE-governed agreement establishing credit facility terms between lender and borrower, including payment terms, security, and regulatory compliance requirements.

find out more

Credit Default Swap Agreement

UAE-law governed Credit Default Swap Agreement template compliant with UAE Central Bank regulations and applicable for both conventional and Islamic finance structures.

find out more

Letter Of Credit Contract

A UAE-governed banking instrument that establishes terms and conditions for letter of credit issuance and payment in international trade transactions, compliant with UAE banking laws and international standards.

find out more

Credit Note Agreement

UAE-governed agreement establishing terms and conditions for credit note issuance and settlement, compliant with UAE VAT and commercial laws.

find out more

Credit Application Agreement

UAE-governed agreement establishing terms and conditions for credit facilities between financial institutions and applicants, compliant with UAE Central Bank regulations.

find out more

Revolving Line Of Credit Agreement

UAE-governed agreement establishing a revolving credit facility with flexible drawdown and repayment terms, compliant with UAE banking regulations and optional Sharia principles.

find out more

Consumer Credit Contract

UAE-compliant consumer credit agreement establishing terms for personal lending, incorporating UAE Central Bank regulations and consumer protection provisions.

find out more

Letter Of Credit Agreement

A UAE law-governed agreement establishing terms and conditions for issuing and managing letters of credit, combining local regulations with international banking standards.

find out more

Consumer Credit Agreement

UAE-governed agreement between a financial institution and consumer for the provision of credit facilities, compliant with UAE Central Bank regulations and consumer protection laws.

find out more

Funds Transfer Agreement

UAE-governed agreement establishing terms for funds transfers between financial institutions and customers, compliant with UAE banking and financial regulations.

find out more

Line Of Credit Agreement

UAE-governed agreement establishing a revolving credit facility between a lender and borrower, detailing terms for drawdown, repayment, and re-borrowing of funds.

find out more

Revolving Credit Agreement

UAE law-governed agreement establishing a revolving credit facility between a lender and borrower, enabling multiple drawdowns and repayments up to an agreed limit.

find out more

Credit Assignment Agreement

A UAE law-governed agreement that transfers credit rights from an Assignor to an Assignee, compliant with UAE Civil and Commercial laws and applicable Sharia principles.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.