Domestic Helper Loan Agreement Template for Hong Kong

1. Parties: Identification of the lender (typically the employer) and borrower (the domestic helper), including full legal names, identification numbers, and addresses

2. Background: Context of the loan, typically relating to employment arrangement and purpose of the loan (e.g., placement fee, airfare)

3. Definitions: Key terms used in the agreement including 'Loan Amount', 'Interest Rate', 'Repayment Period', 'Employment Contract'

4. Loan Details: Specific amount of the loan, purpose, and disbursement method

5. Interest and Fees: Interest rate (if any), calculation method, and any associated fees, ensuring compliance with Money Lenders Ordinance

6. Repayment Terms: Payment schedule, installment amounts, payment method, and deduction from salary arrangements

7. Security and Guarantees: Any security or guarantees provided for the loan

8. Default and Remedies: Consequences of default, including in case of employment termination

9. Representations and Warranties: Statements by both parties about their capacity to enter into the agreement

10. Termination: Circumstances under which the agreement can be terminated and consequences

11. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes

1. Repayment Schedule: Detailed breakdown of repayment dates and amounts

2. Loan Disbursement Details: Specifics of how and when the loan amount will be disbursed

3. Employment Contract Reference: Copy or key details of the related employment contract

4. Salary Deduction Authorization: Written authorization for deducting loan repayments from salary

5. Personal Data Collection Statement: Statement regarding collection and use of personal data in compliance with PDPO