tiktok成人版

Car Finance Agreement for Singapore

Car Finance Agreement Template for Singapore

A legally binding agreement governed by Singapore law that outlines the terms and conditions for financing a motor vehicle purchase. The agreement complies with the Hire-Purchase Act and relevant MAS regulations, detailing the financial terms, repayment schedule, security interests, and obligations of all parties. It includes mandatory consumer protection provisions and disclosure requirements specific to Singapore's regulatory framework.

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
Car Finance Agreement

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 Car Finance Agreement?

The Car Finance Agreement is essential for vehicle purchases in Singapore where financing is required. This document, governed by Singapore law, establishes the legal framework for the financing arrangement between the lender and borrower. It must comply with strict regulatory requirements, including the Hire-Purchase Act and MAS guidelines on motor vehicle financing. The agreement covers crucial aspects such as loan amount, interest rates, repayment terms, security provisions, and insurance requirements. It's particularly important given Singapore's comprehensive regulatory framework for vehicle financing and ownership.

What sections should be included in a Car Finance Agreement?

1. Parties: Identification of the finance provider, borrower, and any guarantors

2. Background: Context of the agreement and basic transaction details

3. Definitions: Key terms used throughout the agreement including regulatory references to Singapore law

4. Vehicle Details: Specific information about the financed vehicle including registration and ownership details

5. Financial Terms: Loan amount, interest rate, payment schedule, fees, and compliance with MAS regulations

6. Security Provisions: Details of security interests, guarantees, and rights under the Hire-Purchase Act

7. Insurance Requirements: Mandatory insurance coverage specifications as per Singapore regulations

8. Default and Enforcement: Consequences of default and enforcement rights under Singapore law

9. General Provisions: Standard clauses including governing law, jurisdiction, and notices

What sections are optional to include in a Car Finance Agreement?

1. Early Repayment Terms: Optional provisions for early repayment rights and calculations of rebates under the Hire-Purchase Act

2. Refinancing Options: Terms for refinancing the vehicle subject to MAS regulations

3. Additional Services: Optional maintenance packages or extended warranties offered with the finance agreement

4. Electronic Communications: Optional provisions for electronic notices and communications

What schedules should be included in a Car Finance Agreement?

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment dates and amounts as required by Singapore regulations

2. Schedule 2 - Vehicle Specification: Detailed description of the vehicle including registration details and ownership records

3. Schedule 3 - Insurance Requirements: Detailed insurance specifications and requirements under Singapore law

4. Schedule 4 - Disclosure Statement: Mandatory disclosures under the Hire-Purchase Act and MAS regulations

5. Schedule 5 - Guarantee Form: Standard form of guarantee compliant with Singapore law

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

Financing Agreement

Cost

Free to use
Relevant legal definitions



































Clauses






























Industries

Hire-Purchase Act (Cap. 125): Primary legislation governing car financing in Singapore that regulates hire-purchase agreements, sets mandatory terms and conditions, specifies disclosure requirements, and defines rights and obligations of all parties

Consumer Protection (Fair Trading) Act: Legislation ensuring fair trading practices and protecting consumers from unfair practices in financial agreements

Moneylenders Act: Legislation regulating interest rates and fees when financing is provided by a moneylender

Banking Act: Legislation regulating financial institutions when financing is provided by a bank

MAS Regulations: Monetary Authority of Singapore regulations covering Loan-to-Value ratio restrictions, Total Debt Servicing Ratio framework, and motor vehicle financing restrictions

Road Traffic Act: Legislation governing vehicle registration, ownership requirements and regulations

Interest Rate Disclosure Requirements: Compliance requirements for transparent disclosure of interest rates in car finance agreements

Repayment Terms Compliance: Mandatory requirements for structuring and documenting repayment terms and conditions

Default and Repossession Procedures: Legal requirements and procedures for handling defaults and vehicle repossession

Early Repayment Provisions: Legal requirements for handling early repayment scenarios and associated terms

Insurance Requirements: Mandatory insurance requirements and related provisions in car finance agreements

Documentation Requirements: Legal requirements for proper documentation and record-keeping in car finance agreements

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

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

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