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This Online Loan Agreement template is designed for financial institutions and licensed lenders operating digital lending platforms in Ireland. It is specifically structured to facilitate consumer lending through online channels while ensuring compliance with Irish consumer credit legislation, EU regulations, and electronic commerce laws. The agreement incorporates essential elements required by the Consumer Credit Act 1995, the Electronic Commerce Act 2000, and the Central Bank Consumer Protection Code 2012. It includes provisions for digital execution, online account management, electronic communications, and data protection under GDPR. This template is particularly relevant for lenders offering personal loans, installment loans, or short-term credit products through their online platforms, and includes all mandatory disclosures and cooling-off rights required under Irish consumer protection laws.

1. Parties: Identification of the lender and borrower, including registration/license numbers for the lender and full legal name and address of the borrower

2. Background: Context of the loan agreement and confirmation that the borrower has applied for a loan through the online platform

3. Definitions: Key terms used throughout the agreement, including technical terms related to online processes

4. Loan Details: Principal amount, interest rate, APR, total amount repayable, and loan term

5. Disbursement of Funds: Process and conditions for disbursement of the loan amount

6. Repayment Terms: Payment schedule, payment methods, and early repayment provisions

7. Interest and Fees: Detailed breakdown of interest calculation, fees, and charges

8. Electronic Communications and Platform Use: Terms governing online account access, notifications, and platform usage

9. Borrower Representations and Warranties: Borrower's confirmations regarding accuracy of information provided and capacity to enter into agreement

10. Data Protection and Privacy: GDPR compliance provisions and data processing terms

11. Default and Consequences: Events of default and lender's rights upon default

12. Termination: Circumstances and process for termination of the agreement

13. Governing Law and Jurisdiction: Confirmation of Irish law governance and jurisdiction