tiktok成人版

Bank Promissory Note for Singapore

Bank Promissory Note Template for Singapore

A Bank Promissory Note under Singapore law is a formal written promise by a borrower to pay a specified sum of money to a bank at a predetermined date or on demand. The document is governed by Singapore's Bills of Exchange Act and Banking Act, providing a legally binding commitment that can be enforced in Singapore courts. It includes specific terms regarding payment, interest, and potential security arrangements.

Your data doesn't train Genie's AI

You keep IP ownership聽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
Bank Promissory Note

Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Bank Promissory Note?

A Bank Promissory Note is a crucial financial instrument in Singapore's banking sector, commonly used when a bank extends credit to borrowers. The document creates a legally enforceable obligation under Singapore law, where the maker promises to repay a specific amount to the bank. The note typically includes payment terms, interest rates, and security arrangements if applicable. Bank Promissory Notes are particularly important for maintaining clear documentation of debt obligations and facilitating potential enforcement actions if required.

What sections should be included in a Bank Promissory Note?

1. Promise to Pay: Unconditional promise to pay a specific sum, including the full amount and currency

2. Payment Details: Specification of payment terms including amount, currency, and specific payment date or schedule

3. Maker Information: Complete identification and details of the party making the promise to pay, including registration/identification numbers

4. Payee Information: Complete identification and details of the party to whom payment is to be made (typically the bank)

5. Place of Payment: Specific location or manner in which payment is to be made

What sections are optional to include in a Bank Promissory Note?

1. Interest Rate Provisions: Terms relating to interest payments, including rate, calculation method, and payment frequency

2. Security Provisions: Details of any collateral or security provided to support the promissory note

3. Default Provisions: Terms specifying events of default and consequences of default in payment

4. Acceleration Clause: Provisions allowing the entire amount to become due upon specified trigger events

What schedules should be included in a Bank Promissory Note?

1. Payment Schedule: Detailed breakdown of installment payments including dates and amounts

2. Security Details Schedule: Comprehensive description of any security or collateral provided

3. Guarantor Information Schedule: Details of any guarantors including their full identification and extent of guarantee

4. Interest Calculation Schedule: Detailed methodology for interest calculation if applicable

Authors

Alex Denne

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

Jurisdiction

Singapore

Document Type

Promissory Note

Sector

Banking

Cost

Free to use
Relevant legal definitions




















Clauses

























Industries

Bills of Exchange Act (Chapter 23): Primary legislation governing promissory notes, bills of exchange, and negotiable instruments in Singapore. Section 84 specifically details requirements for valid promissory notes.

Banking Act (Chapter 19): Core legislation governing banking institutions and their operations in Singapore, including their ability to issue and handle promissory notes.

Contracts Act (Chapter 53): Fundamental legislation governing contract formation and validity, which underlies the promissory note as a contractual instrument.

Evidence Act (Chapter 97): Legislation governing the admissibility of evidence, particularly relevant for electronic records and documents in legal proceedings.

Monetary Authority of Singapore Act (Chapter 186): Legislation establishing MAS and its regulatory authority over financial institutions and instruments.

Money-changing and Remittance Businesses Act: Legislation governing money transactions and financial transfers, relevant for cross-border promissory notes.

Currency Act (Chapter 69): Legislation governing currency matters in Singapore, relevant for specification of currency in promissory notes.

Stamp Duties Act: Legislation governing stamp duty requirements for financial instruments including promissory notes.

Electronic Transactions Act: Legislation governing electronic transactions and digital signatures, relevant if the promissory note is to be executed electronically.

MAS Guidelines on Banking Practices: Regulatory guidelines issued by MAS governing banking practices and standards in Singapore.

MAS Notice 610: Specific regulatory notice regarding submission of statistics and returns to MAS, relevant for reporting requirements.

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Unsecured Promissory Note

A legally binding promise to pay under Singapore law, documenting an unsecured debt obligation between parties.

find out more

Trust Deed And Note

A Singapore-governed legal instrument combining trust arrangements with debt securities issuance.

find out more

Standard Promissory Note

A legally binding promise to pay under Singapore law, documenting a commitment to pay a specific sum of money to a designated party.

find out more

Secured Promissory Note

A Singapore law-governed document evidencing a secured debt obligation with a promise to repay, backed by collateral.

find out more

Promissory Sale And Purchase Agreement

A binding agreement under Singapore law where parties commit to a future sale and purchase transaction with specified terms and conditions.

find out more

Promissory Note Without Interest

A Singapore-compliant legal document containing an unconditional promise to pay a specified sum without interest.

find out more

Promissory Note With Notary

A legally binding promise to pay document in Singapore, authenticated by a notary public.

find out more

Promissory Note Seller Financing

A Singapore-governed legal instrument documenting a buyer's promise to repay seller-provided financing with specified terms.

find out more

Promissory Note Rental Payment

A Singapore-compliant promissory note documenting a tenant's formal promise to pay rental amounts to a landlord.

find out more

Promissory Note Letter For Delayed Payment

A Singapore-governed legal document containing a written promise to pay a specified sum at a future date or in installments.

find out more

Promissory Note For Tuition Fee With Partial Payment

A Singapore-governed promissory note establishing a student's commitment to pay tuition fees through scheduled installments.

find out more

Promissory Note For Late Payment Of Tuition Fee

A Singapore-compliant promissory note documenting a student's formal commitment to pay outstanding tuition fees to an educational institution.

find out more

Promissory Note For Lacking Documents

A Singapore-governed legal instrument combining a payment promise with acknowledgment of pending documentation requirements.

find out more

Promissory Note For Delayed Payment

A Singapore-compliant written promise to pay a specific sum of money at a future date or on demand.

find out more

Promissory Note For Delayed Documents

A Singapore-law governed financial instrument combining a payment promise with a commitment to provide pending documents.

find out more

Promissory Note For Car

A Singapore-compliant legal document containing a written promise to pay a specified amount for a vehicle purchase.

find out more

Promissory Note Compound Interest

A Singapore-law governed promise to pay a specified sum with compound interest, typically used in lending arrangements.

find out more

Promissory Letter For Hospital Bill

A formal commitment under Singapore law to pay outstanding hospital bills, specifying payment terms and obligations.

find out more

Promissory Deed

A formal legal instrument under Singapore law creating a binding obligation through a unilateral promise, executed as a deed.

find out more

Promise Promissory Note For Hospital Bill

A legally binding promise to pay hospital bills under Singapore law, establishing payment terms and schedules for medical expenses.

find out more

Note Trust Deed

A Singapore-law governed trust deed establishing the framework for note issuance and related security arrangements.

find out more

Negotiable Promissory Note

A legally binding financial instrument under Singapore law that contains an unconditional promise to pay a specified sum of money.

find out more

Non Negotiable Promissory Note

A Singapore law-governed written promise to pay a specified sum that cannot be transferred to third parties.

find out more

Installment Payment Promissory Note

A Singapore-compliant legal document establishing terms for repayment of money through scheduled installments.

find out more

Hospital Bill Promissory Note

A legal document used in Singapore healthcare settings to formalize a patient's promise to pay outstanding medical bills.

find out more

Government Promissory Note

A Singapore government-issued debt instrument representing a promise to pay a specified sum at a future date.

find out more

Financial Promissory Note

A legally binding promise to pay under Singapore law, documenting terms of financial obligation between parties.

find out more

Convertible Promissory Note

A Singapore-law governed debt instrument that can convert into equity shares under specified conditions.

find out more

Bank Promissory Note

A legally binding promise to pay a specified sum to a bank, governed by Singapore law.

find out more

Balloon Promissory Note

A Singapore-compliant promissory note featuring regular payments and a larger final balloon payment.

find out more

Simple Note Payable Agreement

A legally binding promise to pay document under Singapore law, recording debt terms between borrower and lender.

find out more

Senior Promissory Note

A Singapore-law governed senior debt instrument containing a written promise to pay a specified sum with priority status.

find out more

Promissory Note With Personal Guarantee

A Singapore-law governed document combining a promise to pay with a personal guarantee, providing enhanced security for the payee.

find out more

Promissory Note Mortgage

A Singapore law-governed security instrument combining a promissory note with a property mortgage.

find out more

Promissory Note Monthly Payments

A Singapore-governed document evidencing a promise to pay a specified sum through monthly installments.

find out more

Promissory Note For Property

A Singapore-compliant written promise to pay a specified sum secured by property, governed by Singapore's property and financial regulations.

find out more

Payable On Demand Promissory Note

A legally binding promise to pay a specified sum on demand, enforceable under Singapore law.

find out more

Non Recourse Promissory Note

A Singapore-law governed promise to pay where the lender's recovery is limited to specified collateral without personal recourse to the borrower.

find out more

Full Recourse Promissory Note

A Singapore-law governed instrument containing an unconditional promise to repay a specified sum, with full recourse against the borrower's assets.

find out more

Promissory Note In English

A legally binding document under Singapore law containing a promise to pay a specified sum of money at a defined date or on demand.

find out more
See more related templates

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 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