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Demand Loan And Term Loan for Singapore

Demand Loan And Term Loan Template for Singapore

A comprehensive loan agreement governed by Singapore law that combines both demand loan and term loan facilities. The document incorporates requirements under the Banking Act, MAS guidelines, and relevant Singapore financial regulations. It sets out the terms for both immediate repayment upon demand and structured repayment over a fixed term, including interest calculations, security arrangements, and default provisions compliant with Singapore lending practices.

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Demand Loan And Term Loan

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What is a Demand Loan And Term Loan?

The Demand Loan And Term Loan agreement is essential for financial transactions in Singapore where flexibility in loan structures is required. This document is typically used when a lender provides multiple facility types to a borrower, combining the immediate callable nature of a demand loan with the structured repayment schedule of a term loan. The agreement must comply with Singapore's robust financial regulatory framework, including MAS guidelines and the Banking Act. It includes detailed provisions for drawdown conditions, interest calculations, security arrangements, and enforcement mechanisms, all aligned with Singapore's legal requirements and banking practices.

What sections should be included in a Demand Loan And Term Loan?

1. Parties: Identification and details of the lender and borrower

2. Background: Context of the loan arrangement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Facility Amount and Type: Specification of loan amount and whether demand or term loan

5. Interest Rate and Calculations: Interest rate terms, calculation method, and payment schedule

6. Repayment Terms: Repayment schedule, methods, and conditions

7. Events of Default: Circumstances constituting default and consequences

8. Representations and Warranties: Statements of fact and assurances by the borrower

What sections are optional to include in a Demand Loan And Term Loan?

1. Security Arrangements: Details of any collateral or security provisions - include when loan is secured

2. Guarantees: Terms of any guarantees provided - include when loan includes guarantors

3. Insurance Requirements: Required insurance coverage for secured assets - include for secured loans with insurance requirements

4. Cross-Default Provisions: Links to other loan agreements - include when borrower has multiple facilities

What schedules should be included in a Demand Loan And Term Loan?

1. Repayment Schedule: Detailed payment dates and amounts

2. Security Details: Detailed description of security/collateral

3. Conditions Precedent: List of conditions to be met before drawdown

4. Fee Schedule: Breakdown of all applicable fees and charges

5. Standard Form Notices: Templates for various notices under the agreement

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

Loan Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions



















































Clauses






























Industries

Banking Act (Cap. 19): Primary legislation that regulates banking business and lending activities in Singapore, including provisions on credit facilities and lending limits

Moneylenders Act (Cap. 188): Regulates moneylending activities in Singapore, particularly relevant if the lender is not a licensed bank

Consumer Protection (Fair Trading) Act: Provides consumer protection measures, applicable when the borrower is an individual consumer

Securities and Futures Act (Cap. 289): Relevant legislation when the loan is secured by securities

MAS Notice 635: Monetary Authority of Singapore guideline on lending limits

MAS Notice 645: Monetary Authority of Singapore guideline on total debt servicing ratio

MAS Notice 656: Monetary Authority of Singapore guideline on business loans

Contract Act (Cap. 53): Governs the formation and validity of contracts, including contractual obligations and remedies

Property Law: Relevant when the loan is secured by property

Stamp Duties Act: Governs documentation requirements and duties payable on loan 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

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