Document background
This Consumer Credit Agreement template is designed for use by financial institutions and credit providers operating in Denmark when extending credit to individual consumers. The document ensures compliance with the Danish Credit Agreements Act (Kreditaftaleloven), which implements the EU Consumer Credit Directive, and other relevant Danish financial regulations. It includes mandatory consumer protection provisions, detailed disclosure requirements, and standardized European consumer credit information. The agreement is suitable for various types of consumer credit products, from personal loans to credit facilities, and incorporates all necessary elements required by Danish law, including clear information about interest rates, fees, repayment terms, and consumer rights. It has been structured to meet the strict requirements of Danish financial supervisory authorities while maintaining clarity and transparency for consumers.
