The Loan Payback Agreement is a crucial legal document used when formalizing loan repayment arrangements between parties under Hong Kong law. It is commonly utilized in situations where a lender has provided funds to a borrower and both parties need to establish clear, legally binding terms for repayment. The agreement captures essential details including the loan amount, interest calculations, repayment schedule, and any security arrangements. It ensures compliance with Hong Kong's lending regulations, particularly the Money Lenders Ordinance, and provides mechanisms for handling defaults or disputes. This document is vital for both corporate and individual lending scenarios, offering protection to all parties involved while maintaining alignment with Hong Kong's legal framework for financial transactions.

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

2. Background: Explains the context of the loan and confirms the Borrower's request for the loan and the Lender's agreement to provide it

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

4. Loan Amount and Purpose: Specifies the principal amount of the loan and its intended use

5. Interest Rate: Details the applicable interest rate, calculation method, and compliance with Hong Kong interest rate regulations

6. Repayment Terms: Specifies the repayment schedule, payment amounts, and payment methods

7. Default and Remedies: Defines events of default and the Lender's rights and remedies in such cases

8. Representations and Warranties: States the Borrower's declarations regarding their ability to repay and other material facts

9. Covenants: Lists the Borrower's ongoing obligations throughout the loan term

10. Governing Law and Jurisdiction: Confirms Hong Kong law governs the agreement and specifies jurisdiction for disputes