The Personal Loan Note Agreement is essential for documenting personal lending transactions in Hong Kong's financial market. It serves as a comprehensive record of the loan terms, ensuring compliance with the Money Lenders Ordinance (Cap. 163) and other relevant Hong Kong regulations. This document is typically used when individuals seek personal financing from licensed money lenders or financial institutions, requiring detailed documentation of the loan amount, interest rates, repayment terms, and any security arrangements. The agreement includes mandatory provisions required by Hong Kong law, such as statutory warnings and interest rate restrictions, while also protecting both parties' interests through clear terms and conditions. It's particularly important in the context of Hong Kong's robust financial services sector, where personal lending must be properly documented to ensure regulatory compliance and enforceability.

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

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

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the principal amount and stated purpose of the loan

5. Interest Rate: Details of the applicable interest rate, calculation method, and compliance with MLO caps

6. Repayment Terms: Payment schedule, method of payment, and repayment details

7. Security: Details of any security or collateral provided for the loan

8. Representations and Warranties: Standard declarations by the borrower regarding their capacity and financial status

9. Events of Default: Circumstances constituting default and consequences thereof

10. Termination: Conditions and process for early termination or prepayment

11. Notices: Process and addresses for formal communications between parties

12. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction

13. Execution: Signature blocks and execution requirements