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Loan Amendment Agreement Template for Singapore

A legal document governed by Singapore law that modifies the terms of an existing loan agreement. It enables parties to adjust loan terms such as repayment schedules, interest rates, or security arrangements while maintaining the core structure of the original agreement. The document must comply with Singapore's strict banking regulations and the Monetary Authority of Singapore's guidelines.

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What is a Loan Amendment Agreement?

A Loan Amendment Agreement is used when parties to an existing loan facility need to modify specific terms without creating an entirely new agreement. This document, governed by Singapore law, typically becomes necessary when business circumstances change, requiring adjustments to repayment terms, interest rates, security arrangements, or other loan conditions. The agreement must comply with Singapore's regulatory framework, including the Banking Act and MAS guidelines, and should clearly reference the original loan agreement while detailing all approved changes.

What sections should be included in a Loan Amendment Agreement?

1. Parties: Identification of lender and borrower with full legal names and registration details

2. Background: Details of original loan agreement, including date, parties, and reason for amendment

3. Definitions: Key terms used in the agreement, including defined terms from original agreement and new terms

4. Amendments: Specific changes to the original agreement, clearly outlined with reference to original clauses

5. Confirmation: Confirmation that all other terms of the original agreement remain unchanged and in full force

6. Effective Date: Specification of when the amendments take effect

7. Governing Law: Confirmation of Singapore law governance and jurisdiction

What sections are optional to include in a Loan Amendment Agreement?

1. Additional Security: Details of any new security or collateral being added to the loan agreement

2. Conditions Precedent: New conditions that must be satisfied before amendments become effective

3. Fees and Expenses: Details of any costs or fees associated with the amendment process

What schedules should be included in a Loan Amendment Agreement?

1. Schedule of Amendments: Detailed list of all specific changes being made to the original agreement

2. Amended Repayment Schedule: Updated payment terms and schedule if payment terms are being modified

3. Original Loan Agreement: Copy of the original loan agreement being amended

4. Required Consents: Copies of any required third-party consents or regulatory approvals

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

Jurisdiction

Singapore

Document Type

Contract Amendment

Cost

Free to use

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