Seller Financing Agreement for Singapore

Seller Financing Agreement Template for Singapore

A Seller Financing Agreement under Singapore law is a legal contract where the seller provides direct financing to the buyer for the purchase of assets or property, eliminating the need for traditional bank financing. The agreement details the purchase price, payment terms, interest rates, security arrangements, and default provisions, all structured within Singapore's legal framework and compliant with the Moneylenders Act and related financial regulations.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Seller Financing Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Seller Financing Agreement?

A Seller Financing Agreement becomes necessary when traditional financing options are unavailable or undesirable, and the seller is willing to accept periodic payments rather than a lump sum. Under Singapore law, this agreement must comply with strict financial regulations, including the Moneylenders Act and MAS guidelines. The document typically includes detailed payment schedules, interest calculations, security arrangements, and default remedies. This type of financing is particularly common in real estate and business asset sales where the seller has sufficient capital to offer financing terms.

What sections should be included in a Seller Financing Agreement?

1. Parties: Identification of seller and buyer, including full legal names and addresses

2. Background: Context of the transaction and brief description of the financing arrangement

3. Definitions: Key terms used throughout the agreement

4. Purchase Price and Financing Terms: Total purchase price, down payment, loan amount, interest rate, and payment schedule

5. Security and Collateral: Details of assets securing the loan

6. Payment Terms: Payment mechanics, dates, and methods

7. Default Provisions: Consequences of default and remedies available

8. Representations and Warranties: Standard declarations by both parties

9. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Seller Financing Agreement?

1. Insurance Requirements: Optional section specifying insurance requirements when valuable assets are involved as security

2. Prepayment Provisions: Optional section detailing terms for early repayment when such options are allowed

3. Third Party Guarantees: Optional section covering details of any guarantors when additional security is required

4. Assignment Rights: Optional section specifying rights to assign the agreement when assignment might be contemplated

What schedules should be included in a Seller Financing Agreement?

1. Payment Schedule: Detailed amortization table showing payment dates and amounts

2. Property Description: Detailed description of property or assets being financed

3. Security Documents: Forms of security documents, mortgages, or charges

4. Condition Reports: For asset financing, condition of assets at time of agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Financing Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Industries

Moneylenders Act: Chapter 188 of Singapore laws - Regulates moneylending activities, interest rate restrictions, and licensing requirements for financing arrangements

Contracts Act: Chapter 53 of Singapore laws - Governs the formation and enforcement of contracts, including financing agreements

Property Law Act: Chapter 242 of Singapore laws - Relevant for security interests and property-related aspects of the financing agreement

Monetary Authority of Singapore Act: Chapter 186 of Singapore laws - Establishes regulatory framework for financial services and transactions

Securities and Futures Act: Chapter 289 of Singapore laws - Relevant if the financing arrangement involves any securities or regulated financial products

Banking Act: Chapter 19 of Singapore laws - May be relevant if the financing arrangement intersects with banking regulations

Consumer Protection Act: Chapter 52A of Singapore laws - Ensures fair trading practices and consumer protection in financial transactions

MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore governing financial transactions and arrangements

Registry Requirements: Requirements from the Registry of Moneylenders for registration and compliance of financing arrangements

Tax Regulations: IRAS guidelines and requirements for tax implications of seller financing arrangements

Interest Rate Compliance: Specific requirements and restrictions on interest rates under Singapore moneylending laws

Security Documentation: Requirements for properly documenting and registering security interests and collateral arrangements

Disclosure Requirements: Mandatory disclosure obligations to ensure transparency in financing arrangements

Stamp Duty: Stamp duty implications and requirements for financing agreements under Singapore law

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Tripartite Loan Agreement

A Singapore law-governed agreement establishing a three-party lending arrangement with security/guarantee provisions.

find out more

Simple Loan Term Sheet

A preliminary document outlining key terms of a proposed loan agreement under Singapore law.

find out more

Seller Financing Business Contract

A Singapore-law governed agreement where the seller finances the buyer's purchase of a business, including payment terms and security arrangements.

find out more

Seller Financing Agreement

A Singapore-law governed agreement where the seller provides direct financing to the buyer for asset purchases, detailing payment terms and security arrangements.

find out more

Loan For Use Agreement

A Singapore-law governed agreement enabling temporary, non-commercial use of items between parties, defining usage terms and return conditions.

find out more

Loan And Guarantee Agreement

A Singapore law-governed agreement establishing loan terms and guarantee provisions between lender, borrower, and guarantor.

find out more

Loan Agreement Deed

A Singapore-governed deed that establishes legally binding loan terms between lender and borrower, with enhanced enforceability under local law.

find out more

Lease Hire Agreement

A Singapore-law governed agreement facilitating the temporary use of assets in exchange for regular payments.

find out more

Hire Purchase Agreement For Car

A Singapore-governed agreement enabling vehicle purchase through installment payments, regulated under the Hire-Purchase Act.

find out more

International Loan Agreement

A Singapore law-governed agreement establishing terms for international lending transactions, incorporating local regulatory requirements and cross-border considerations.

find out more

Deed Of Accession Loan Agreement

A Singapore law-governed deed allowing a new lender to join an existing loan agreement, assuming associated rights and obligations.

find out more

Co Borrower Loan Agreement

A Singapore-law governed agreement establishing terms for a loan with multiple borrowers sharing joint responsibility for repayment.

find out more

Car Payment Takeover Agreement

A Singapore-governed agreement that enables the transfer of car loan payment obligations from one party to another, ensuring legal compliance and protecting all parties' interests.

find out more

Bike Hire Purchase Agreement

A Singapore-law governed agreement for the purchase of a bike through installment payments, with ownership retained by the seller until final payment.

find out more

Accession Deed Facility Agreement

A Singapore law-governed document allowing new parties to join an existing facility agreement, subject to Singapore's banking and securities regulations.

find out more

Short Term Loan Agreement

A Singapore law-governed agreement establishing terms for short-term lending between parties, including loan amount, interest, and repayment conditions.

find out more

Personal Car Loan Agreement

A Singapore-governed agreement establishing terms and conditions for a personal car loan between a lender and borrower.

find out more

Person To Person Loan Agreement

A legally binding agreement under Singapore law that documents a loan arrangement between two individuals, including terms, conditions, and repayment schedule.

find out more

Mezzanine Loan Agreement

A Singapore law-governed agreement for subordinated debt financing with equity-like features, sitting between senior debt and equity in the capital structure.

find out more

Loan Swap Agreement

A Singapore law-governed agreement enabling the exchange of loan payment obligations between parties, typically for interest rate risk management.

find out more

Loan Payback Agreement

A Singapore-law governed agreement establishing terms and conditions for loan repayment between lender and borrower.

find out more

Loan Note Agreement

A Singapore law-governed agreement documenting terms of a loan, including principal, interest, and repayment conditions.

find out more

Loan Agreement Between Spouses

A Singapore-law governed agreement documenting a loan arrangement between spouses, ensuring legal compliance and protection of both parties' interests.

find out more

Financing Contract Agreement

A legally binding agreement governing financial facilities between lender and borrower under Singapore law.

find out more

Financial Support Agreement

A Singapore law-governed agreement establishing terms for providing financial support between parties, subject to local financial regulations.

find out more

Financial Assistance Agreement

A Singapore-law governed agreement establishing terms for providing financial assistance, including disbursement, repayment, and security arrangements.

find out more

Financial Agreement Between Two Parties

A Singapore-law governed agreement establishing financial obligations between two parties, including payment terms and security arrangements.

find out more

Equity Funding Agreement

A Singapore law-governed agreement defining terms for equity investment in exchange for company shares.

find out more

Debt Agreement Loans

A Singapore law-governed agreement establishing loan terms between lender and borrower, including amount, interest, and repayment conditions.

find out more

Contract For Personal Loan

A Singapore-compliant legal agreement establishing terms and conditions for a personal loan between lender and borrower.

find out more

Contract For Car Payments

A Singapore-governed agreement establishing terms and conditions for vehicle financing and payment arrangements.

find out more

Car Installment Agreement

A Singapore-compliant legal agreement for vehicle financing through installment payments, governed by the Hire-Purchase Act.

find out more

Business Loan Contract

A legally binding agreement for business lending under Singapore law, detailing loan terms, conditions, and security arrangements.

find out more

Auto Finance Agreement

A Singapore-law governed agreement establishing terms for vehicle financing, compliant with local regulations and MAS guidelines.

find out more

Revolving Line Of Credit Loan Agreement

A Singapore law-governed agreement establishing a revolving credit facility, allowing repeated borrowing up to an agreed limit.

find out more

Debtor In Possession Loan Agreement

A Singapore law-governed financing agreement enabling companies in insolvency proceedings to obtain priority rescue financing while maintaining operational control.

find out more

Tri Party Loan Agreement

A Singapore law-governed agreement between three parties establishing terms for a loan arrangement, including security and trustee provisions.

find out more

Future Receivables Factoring Agreement

A Singapore law-governed agreement for the sale of future payment rights to a factor in exchange for immediate funding.

find out more

Medical Equipment Loan Agreement

A Singapore-law governed agreement for the temporary loan of medical equipment, complying with HSA regulations and healthcare legislation.

find out more

Loan Agreement Between Two Companies

A Singapore law-governed agreement establishing terms for inter-company lending, including loan amount, interest, repayment, and security arrangements.

find out more
See more related templates

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

2 Docs LeftAccess Now