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This Simple Loan Agreement template is designed for use in Ireland when one party (the Lender) agrees to provide a loan to another party (the Borrower) under straightforward lending terms. It is suitable for both business and personal loans where complex security arrangements are not required. The document incorporates requirements from Irish consumer credit legislation, including the Consumer Credit Act 1995 and relevant EU regulations, while maintaining commercial flexibility. It includes essential provisions for loan amount, interest, repayment terms, borrower representations, and default scenarios. This template is particularly useful for private lenders, financial institutions offering basic loan products, and businesses engaging in straightforward lending transactions within Ireland. The agreement can be customized to include optional elements such as guarantors or basic security arrangements while maintaining compliance with Irish banking and consumer protection regulations.

1. Parties: Identifies and defines the Lender and Borrower with their full legal names and addresses

2. Background: Sets out the context of the loan agreement and basic intention of the parties

3. Definitions: Defines key terms used throughout the agreement for clarity and consistency

4. The Loan: Specifies the loan amount, purpose, and basic terms of advancement

5. Interest: Details the interest rate, calculation method, and payment terms

6. Repayment: Specifies repayment schedule, method of payment, and early repayment provisions

7. Borrower's Representations: Contains borrower's confirmations about their financial status and ability to repay

8. Borrower's Covenants: Sets out ongoing obligations of the borrower during the loan term

9. Events of Default: Defines circumstances that constitute default and consequences

10. Lender's Rights and Remedies: Outlines the lender's rights in case of default or breach

11. Notices: Specifies how formal communications between parties should be made

12. General Provisions: Contains standard boilerplate clauses including governing law and jurisdiction

13. Execution: Signature blocks and execution formalities