Document background
A Loan Contract is essential for any lending transaction in Singapore, whether between financial institutions and businesses or individuals. This document must comply with Singapore's strict regulatory framework, including the Moneylenders Act and MAS guidelines. The contract typically covers loan amount, purpose, interest calculations, repayment schedules, security arrangements, and default provisions. It's particularly important for protecting both lender and borrower interests while ensuring compliance with Singapore's lending regulations and interest rate caps.
