Simple Note Payable Agreement

Simple Note Payable Agreement Template for Singapore

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

4.6 / 5

4.8 / 5

Let's create your Simple Note Payable Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

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:

"I need a Simple Note Payable Agreement under Singapore law for a $50,000 business loan to be repaid in monthly installments over 24 months, starting from March 2025, with a fixed interest rate of 5% per annum."

What is a Simple Note Payable Agreement?

The Simple Note Payable Agreement is commonly used in Singapore for straightforward lending arrangements where one party seeks to formalize a promise to repay a specific sum of money. This document, governed by Singapore law, includes essential elements such as the principal amount, interest rate, repayment schedule, and any security arrangements. It's particularly useful for business loans, private lending, and commercial transactions where a clear record of debt obligation is required. The agreement must comply with Singapore's Contracts Act, Money-lenders Act, and other relevant legislation to ensure enforceability.

What sections should be included in a Simple Note Payable Agreement?

1. Parties: Identifies the lender and borrower with full legal names and addresses

2. Background: Brief context of the loan arrangement

3. Definitions: Key terms used in the agreement

4. Principal Amount: States the amount being borrowed

5. Interest Rate: Specifies the applicable interest rate

6. Repayment Terms: Details of how and when the loan will be repaid

7. Execution: Signature blocks and date of agreement

What sections are optional to include in a Simple Note Payable Agreement?

1. Security: Details of any collateral, use when loan is secured

2. Events of Default: Circumstances constituting default, recommended for larger loans

3. Early Repayment: Terms for early repayment, include if permitted

4. Assignment: Rights to assign the note, include if transferability is desired

What schedules should be included in a Simple Note Payable Agreement?

1. Repayment Schedule: Detailed payment schedule if installment payments are planned

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

3. Calculation of Interest: Detailed interest calculation method if complex

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Financial Services
Small Business
Real Estate
Private Lending

Relevant Teams

Finance
Legal
Treasury
Accounting
Corporate Secretarial

Relevant Roles

Chief Financial Officer
Finance Manager
Treasury Manager
Business Owner
Legal Counsel

Find the exact document you need

Unsecured Promissory Note

A legally binding promise to pay under Singapore law, documenting an unsecured debt obligation between parties.

������Ƶ

How a Sales & Marketing Lead uses ������Ƶ to reduce contract drafting time by 95%

Let's create your Simple Note Payable Agreement

What is a Simple Note Payable Agreement?

What sections should be included in a Simple Note Payable Agreement?

What sections are optional to include in a Simple Note Payable Agreement?

What schedules should be included in a Simple Note Payable Agreement?

Authors

Alex Denne

Find the exact document you need

Unsecured Promissory Note

Trust Deed And Note

Standard Promissory Note

Secured Promissory Note

Promissory Sale And Purchase Agreement

Promissory Note Without Interest

Promissory Note With Notary

Promissory Note Seller Financing

Promissory Note Rental Payment

Promissory Note Letter For Delayed Payment

Promissory Note For Tuition Fee With Partial Payment

Promissory Note For Late Payment Of Tuition Fee

Promissory Note For Lacking Documents

Promissory Note For Delayed Payment

Promissory Note For Delayed Documents

Promissory Note For Car

Promissory Note Compound Interest

Promissory Letter For Hospital Bill

Promissory Deed

Promise Promissory Note For Hospital Bill

Note Trust Deed

Negotiable Promissory Note

Non Negotiable Promissory Note

Installment Payment Promissory Note

Hospital Bill Promissory Note

Government Promissory Note

Financial Promissory Note

Convertible Promissory Note

Bank Promissory Note

Balloon Promissory Note

Simple Note Payable Agreement

Senior Promissory Note

Promissory Note With Personal Guarantee

Promissory Note Mortgage

Promissory Note Monthly Payments

Promissory Note For Property

Payable On Demand Promissory Note

Non Recourse Promissory Note

Full Recourse Promissory Note

Promissory Note In English

Unsecured Promissory Note Lump Sum Payment

Promissory Note Signed By Borrower Only

Promissory Note For Down Payment

Letter Of Promissory Note For Tuition Fee

Partial Recourse Promissory Note

6 Month Promissory Note

Promissory Note For Partial Payment

Replacement Promissory Note

Promissory Note For Land Purchase

Forgivable Promissory Note

Amended Promissory Note

Promissory Note With Payment Schedule

Grid Promissory Note

Registered Promissory Note

Simple Promise To Pay Agreement

Promissory Note Payable

Promissory Note For Shares

Promissory Certificate

Owner Financing Promissory Note

Promissory Note Between Family Members

Non Interest Bearing Promissory Note

Intercompany Promissory Note

Simple Promissory Note No Interest

Promissory Note With Interest

No Interest Promissory Note

I Owe You Promissory Note

Equity Promissory Note

Employee Loan Promissory Note

Unsecured Convertible Promissory Note

Subordinated Promissory Note

��Ƶ

How a Sales & Marketing Lead uses ��Ƶ to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise