Ƶ

Loan Receipt Agreement Template for Singapore

A Loan Receipt Agreement under Singapore law is a formal document that evidences the borrowing of money and establishes the terms and conditions of repayment. It complies with Singapore's Moneylenders Act and related financial regulations, including specific requirements for interest rates, documentation, and consumer protection. The agreement serves as legal proof of the loan transaction and outlines the rights and obligations of all parties involved.

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

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Loan Receipt Agreement?

The Loan Receipt Agreement is a crucial document in Singapore's lending landscape, used to formalize and document loan transactions between parties. This agreement serves as both proof of debt and a binding contract that outlines the terms of repayment, interest rates, and consequences of default. Under Singapore law, the document must comply with the Moneylenders Act and related regulations, particularly regarding interest rate caps and documentation requirements. The agreement is essential for protecting both lender and borrower interests and can be used in various contexts, from personal loans to business financing.

What sections should be included in a Loan Receipt Agreement?

1. Parties: Identification of lender and borrower with full details

2. Background: Context of the loan and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of loan amount and intended use

5. Interest Rate: Agreed interest rate and calculation method

6. Repayment Terms: Schedule and method of repayment

7. Default Provisions: Consequences of default and remedies

8. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Loan Receipt Agreement?

1. Security Provisions: Details of any collateral or security - include when loan is secured

2. Guarantor Provisions: Terms relating to guarantors - include when loan includes guarantors

3. Early Repayment: Terms for early loan settlement - include if early repayment is permitted

4. Insurance Requirements: Required insurance coverage - include when specific insurance is required

What schedules should be included in a Loan Receipt Agreement?

1. Repayment Schedule: Detailed payment dates and amounts

2. Security Details: Description of security/collateral if applicable

3. Guarantor Details: Information about guarantors if applicable

4. Conditions Precedent: List of conditions to be met before loan disbursement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Trust Agreement

Cost

Free to use

Find the exact document you need

Declaration Of Trust Nominee Shareholder

A Singapore-compliant legal document establishing a nominee shareholding arrangement between a nominee shareholder and beneficial owner.

Download

Bank Trust Account Agreement

A Singapore-law governed agreement establishing the terms and conditions for operating a bank trust account, defining the rights and obligations of the trustee, beneficiaries, and bank.

Download

Loan Receipt Agreement

A Singapore-compliant legal document acknowledging receipt of a loan and establishing repayment terms.

Download

Assignment Deed Of Trust

A Singapore-compliant legal document that transfers trust rights and obligations from one trustee to another under Singapore trust law.

Download
See more related templates

ұԾ’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; ұԾ’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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

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