The Interest Only Loan Agreement is a specialized financing instrument used in the Malaysian market when borrowers seek to minimize their periodic payment obligations by paying only interest during the loan term. This type of agreement is particularly useful for property developers, businesses with cyclical cash flows, or investment projects where returns are expected to materialize at a future date. The document must comply with Malaysian financial regulations, including the Financial Services Act 2013, Contracts Act 1950, and where applicable, the Islamic Financial Services Act 2013. It includes comprehensive details about interest calculations, payment schedules, borrower obligations, and default provisions, while ensuring adherence to local usury laws and consumer protection requirements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies and defines the Lender and Borrower with full legal names and addresses
2. Background: Sets out the context of the loan and the parties' intention to enter into an interest-only arrangement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. The Loan: Specifies the principal amount, purpose, and drawdown conditions
5. Interest: Details the interest rate, calculation method, payment dates, and interest-only payment structure
6. Repayment: Specifies the interest payment schedule and final principal repayment terms
7. Representations and Warranties: States the parties' representations regarding their capacity and authority to enter into the agreement
8. Borrower's Covenants: Lists the borrower's ongoing obligations throughout the loan term
9. Events of Default: Defines circumstances that constitute default and the consequences
10. Payments: Specifies payment mechanics, bank details, and treatment of non-business days
11. Notices: Details how formal communications between parties should be made
12. General Provisions: Contains standard boilerplate clauses including governing law, assignment, and amendments
1. Security: Required when the loan is secured against assets or property
2. Guarantor Provisions: Included when there is a guarantor for the loan
3. Insurance: Required when specific insurance coverage is mandatory for the loan
4. Early Repayment: Details early repayment terms if permitted, including any penalties
5. Islamic Finance Provisions: Required for Shariah-compliant loans
6. Change of Circumstances: Addresses potential market disruption or regulatory changes affecting the loan
7. Tax Provisions: Detailed tax clauses when specific tax considerations apply
8. Assignment and Transfer: Detailed provisions when the loan may be assignable
1. Schedule 1 - Loan Details: Contains specific loan terms including amount, interest rate, and payment dates
2. Schedule 2 - Conditions Precedent: Lists documents and conditions required before loan drawdown
3. Schedule 3 - Repayment Schedule: Details the interest payment dates and amounts
4. Schedule 4 - Security Details: Describes any security or collateral if applicable
5. Schedule 5 - Form of Drawdown Notice: Template for requesting loan disbursement
6. Schedule 6 - Fees and Charges: Lists all applicable fees and charges
7. Appendix A - Calculation of Interest: Detailed explanation of interest calculation methodology
8. Appendix B - Required Insurance: Specifies insurance requirements if applicable
Relevant legal definitions
Agreement
Applicable Law
Banking Day
Borrower
Default Interest Rate
Default Notice
Drawdown Date
Drawdown Notice
Event of Default
Facility
Final Repayment Date
Financial Indebtedness
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Material Adverse Effect
Maturity Date
Payment Account
Principal Amount
Repayment Schedule
Security
Security Document
Stamp Duty
Tax
Transaction Documents
Ringgit Malaysia
Interest Calculation Period
Business Day
Conditions Precedent
Disbursement
Encumbrance
Financial Statements
Identity Card
Interest Payment
Outstanding Amount
Permitted Purpose
Potential Default
Secured Obligations
Security Interest
Applicable Law
Banking Day
Borrower
Default Interest Rate
Default Notice
Drawdown Date
Drawdown Notice
Event of Default
Facility
Final Repayment Date
Financial Indebtedness
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Material Adverse Effect
Maturity Date
Payment Account
Principal Amount
Repayment Schedule
Security
Security Document
Stamp Duty
Tax
Transaction Documents
Ringgit Malaysia
Interest Calculation Period
Business Day
Conditions Precedent
Disbursement
Encumbrance
Financial Statements
Identity Card
Interest Payment
Outstanding Amount
Permitted Purpose
Potential Default
Secured Obligations
Security Interest
Clauses
Interpretation
Loan Facility
Purpose
Interest
Repayment
Security
Conditions Precedent
Representations and Warranties
Covenants
Events of Default
Remedies
Payment Mechanics
Set-off
Costs and Expenses
Tax Gross-up
Indemnities
Assignment
Amendments
Notices
Calculations
Evidence and Calculations
Partial Invalidity
Remedies and Waivers
Counterparts
Governing Law
Enforcement
Dispute Resolution
Force Majeure
Entire Agreement
Confidentiality
Data Protection
Anti-Money Laundering
Currency
Stamp Duty
Loan Facility
Purpose
Interest
Repayment
Security
Conditions Precedent
Representations and Warranties
Covenants
Events of Default
Remedies
Payment Mechanics
Set-off
Costs and Expenses
Tax Gross-up
Indemnities
Assignment
Amendments
Notices
Calculations
Evidence and Calculations
Partial Invalidity
Remedies and Waivers
Counterparts
Governing Law
Enforcement
Dispute Resolution
Force Majeure
Entire Agreement
Confidentiality
Data Protection
Anti-Money Laundering
Currency
Stamp Duty
Relevant Industries
Banking and Financial Services
Real Estate and Property Development
Commercial Lending
Corporate Finance
Investment Management
Small and Medium Enterprises
Construction and Infrastructure
Manufacturing
Retail and Commercial
Agriculture
Relevant Teams
Legal
Finance
Credit Risk
Compliance
Corporate Banking
Treasury
Documentation
Risk Management
Commercial Banking
Corporate Finance
Relevant Roles
Legal Counsel
Finance Manager
Credit Risk Officer
Loan Officer
Compliance Officer
Corporate Banking Manager
Chief Financial Officer
Treasury Manager
Commercial Banking Officer
Relationship Manager
Risk Assessment Manager
Documentation Specialist
Legal Documentation Officer
Corporate Secretary
Find the exact document you need
Financial Loan Agreement
Malaysian-law governed loan agreement establishing terms between lender and borrower, compliant with Malaysian financial regulations and banking requirements.
find out more
Hire Purchase Agreement For Motorcycle
A Malaysian law-governed agreement for motorcycle financing through installment payments, regulated under the Hire Purchase Act 1967.
find out more
Business Investment Loan Agreement
A Malaysian law-governed agreement establishing terms and conditions for a business investment loan between a lender and corporate borrower.
find out more
Pro Forma Loan Agreement
A comprehensive loan agreement template compliant with Malaysian banking and contract law, suitable for various lending transactions.
find out more
Private Lender Loan Agreement
A Malaysian law-governed loan agreement between private lenders and borrowers, establishing terms for lending, repayment, and security.
find out more
Loan Agreement Between Companies
A Malaysian law-governed loan agreement establishing terms for corporate lending between companies, including repayment and interest provisions.
find out more
Two Party Loan Agreement
A Malaysian law-governed agreement establishing terms and conditions for a loan between two parties, including loan amount, interest rates, and repayment obligations.
find out more
Master Securities Loan Agreement
A Malaysian law-governed agreement establishing terms for securities lending transactions between financial institutions, compliant with local securities regulations and market practices.
find out more
Co Financing Agreement
A Malaysian law-governed agreement establishing terms and conditions for multiple financial institutions to jointly provide financing facilities to a borrower.
find out more
Litigation Funding Agreement
A Malaysian law-governed agreement establishing terms for third-party funding of litigation or arbitration proceedings, including funding commitments and return structures.
find out more
Loan Facilitation Agreement
Malaysian law-governed agreement establishing terms for loan facilitation services between financial institutions and service providers.
find out more
Loan Participation Agreement
A Malaysian law-governed agreement establishing terms for the sale and purchase of participation interests in a loan facility between financial institutions.
find out more
Loan And Mortgage Agreement
A Malaysian law-governed agreement combining loan facilities with property mortgage security, detailing lending terms and security arrangements in compliance with local regulations.
find out more
Loan Agreement Deed
A Malaysian law-governed deed establishing a formal loan arrangement between parties, detailing loan terms, security, and enforcement mechanisms.
find out more
Hire Purchase Agreement For Car
A Malaysian law-governed agreement for vehicle financing through hire purchase arrangements, enabling structured payments while the finance company retains ownership until full payment.
find out more
Car Payment Takeover Agreement
Malaysian-law governed agreement for transferring vehicle payment obligations from an existing buyer to a new buyer, with financing institution consent.
find out more
Car Installment Contract
A Malaysian law-governed agreement for vehicle purchase through installment payments, setting out payment terms, ownership conditions, and parties' rights and obligations.
find out more
Vehicle Payment Plan Agreement
A Malaysian law-compliant agreement outlining terms and conditions for vehicle purchase through structured installment payments.
find out more
Undertaking Loan Agreement
A Malaysian law-governed agreement establishing loan terms between lender and borrower, including facility details, repayment obligations, and security arrangements.
find out more
Trade Finance Facility Agreement
A Malaysian law-governed agreement establishing trade finance facilities between a bank and corporate borrower, covering various trade finance products and compliance requirements.
find out more
Simple Unsecured Loan Agreement
A Malaysian law-governed agreement establishing terms for an unsecured loan between parties, detailing loan amount, interest, and repayment terms without requiring collateral.
find out more
Real Estate Loan Agreement
A Malaysian law-governed agreement establishing terms for a property-backed loan, including loan amount, interest, repayment terms, and security arrangements.
find out more
Project Finance Contract
A Malaysian law-governed agreement establishing terms for long-term project financing, including security arrangements and operational requirements.
find out more
Official Loan Agreement
A Malaysian-law governed agreement establishing formal lending terms between parties, compliant with local financial regulations and lending practices.
find out more
Mezzanine Loan Agreement
Malaysian law-governed agreement for mezzanine financing, combining debt and equity features with subordination to senior debt.
find out more
Master Loan Agreement
A Malaysian law-governed agreement establishing terms and conditions for multiple loans between a lender and borrower, compliant with Malaysian banking and financial services regulations.
find out more
Margin Loan Agreement
Malaysian law-governed agreement for margin lending facilities secured against securities, outlining lending terms and collateral requirements.
find out more
Loan Borrower Agreement
A Malaysian law-governed agreement establishing terms and conditions for lending arrangements between a lender and borrower, including loan terms, security, and enforcement provisions.
find out more
Installment Loan Agreement
A Malaysian law-governed agreement establishing terms for a loan repayable in scheduled installments, detailing amount, interest, repayment terms, and enforcement provisions.
find out more
Financing Contract Agreement
A Malaysian law-governed agreement establishing terms and conditions for financial facilities between lender and borrower, compliant with local banking regulations.
find out more
Financial Support Agreement
A Malaysian law-governed agreement establishing terms for financial support between parties, including payment terms and regulatory compliance requirements.
find out more
Financial Assistance Agreement
A Malaysian law-governed agreement establishing terms for financial assistance between a provider and recipient, including disbursement, repayment, and compliance requirements.
find out more
Financial Agreement Between Two Parties
Malaysian law-governed financial agreement template establishing terms and conditions for financial arrangements between two parties.
find out more
Equipment Lease Purchase Option
Malaysian law-governed agreement for equipment leasing with a purchase option, defining lease terms, maintenance obligations, and purchase conditions.
find out more
Car Installment Agreement
A Malaysian law-compliant agreement for vehicle purchase through installment payments, detailing financial terms, ownership rights, and obligations between parties.
find out more
Car Finance Contract
A Malaysian law-governed agreement for vehicle financing between a financial institution and purchaser, establishing terms for vehicle purchase, payment, and ownership.
find out more
Business To Business Loan Agreement
A Malaysian law-governed agreement establishing terms for a business loan between companies, including loan amount, interest, repayment terms, and security arrangements.
find out more
Business Loan Contract
A Malaysian law-governed agreement establishing terms and conditions for a business loan between a financial institution and commercial borrower.
find out more
Bridge Facility Agreement
A Malaysian law-governed agreement for temporary financing that bridges the gap between immediate capital needs and permanent financing arrangements.
find out more
Basic Loan Agreement Between Friends
A Malaysian law-governed loan agreement template for friendly lending arrangements, providing essential legal protections while maintaining informality.
find out more
Genie’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; Genie’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
.png)
.png)