tiktok成人版

Loan Repayment Acknowledgement Letter for Singapore

Loan Repayment Acknowledgement Letter Template for Singapore

A Loan Repayment Acknowledgement Letter under Singapore law is a formal document where a borrower confirms their outstanding debt obligation to a lender. The document serves as fresh evidence of the debt and can reset the limitation period under Singapore's Limitation Act. It typically includes details of the original loan, current outstanding amount, and the borrower's explicit acknowledgment of the debt obligation. This document is particularly important in Singapore's legal framework as it provides clear documentary evidence of the debt acknowledgment.

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
Loan Repayment Acknowledgement Letter

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 Loan Repayment Acknowledgement Letter?

The Loan Repayment Acknowledgement Letter is a crucial document in Singapore's lending landscape, used when there's a need to formally document a borrower's recognition of an existing debt. It serves multiple purposes: resetting the limitation period for debt collection, providing clear evidence of the debt's existence, and confirming the borrower's commitment to repayment. This document is particularly valuable in situations where the original loan documentation needs reinforcement or where there's a need to formalize a debt acknowledgment. Under Singapore law, such acknowledgments must be clear and unequivocal, containing specific details about the loan and parties involved.

What sections should be included in a Loan Repayment Acknowledgement Letter?

1. Date: Current date of the acknowledgment letter

2. Parties' Information: Full names and addresses of both lender and borrower

3. Original Loan Details: Reference to original loan agreement, date, and amount

4. Current Outstanding Amount: Confirmation of the current outstanding balance

5. Acknowledgment Statement: Clear statement acknowledging the debt and obligation to repay

6. Signature Block: Space for borrower's signature and date

What sections are optional to include in a Loan Repayment Acknowledgement Letter?

1. Payment Schedule: Details of agreed repayment schedule, used when a specific repayment plan has been agreed

2. Interest Rate Declaration: Statement of applicable interest rate, used when interest terms are being acknowledged

3. Security Details: Reference to any security or collateral, used when loan is secured by assets

What schedules should be included in a Loan Repayment Acknowledgement Letter?

1. Payment History Schedule: Details of payments made to date

2. Interest Calculation Schedule: Breakdown of interest calculations if applicable

3. Copy of Original Loan Agreement: Attached as reference document

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

Cost

Free to use
Relevant legal definitions






















Clauses


















Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and contains provisions about interest rates and loan enforcement

Moneylenders Act (Cap. 188): Regulates moneylending activities and sets requirements for documentation of loans, applicable if the lender is a licensed moneylender

Limitation Act (Cap. 163): Sets time limits for enforcing contractual rights and particularly important for acknowledgment of debts as it can restart the limitation period

Contract Law: Common law principles covering contract formation, requirements for valid consideration, and rules regarding acknowledgment of debts

Unfair Contract Terms Act (Cap. 396): Ensures terms are fair and reasonable and protects against unfair contractual provisions

Evidence Act (Cap. 97): Sets requirements for documentary evidence and admissibility of acknowledgments in legal proceedings

MAS Regulations: Monetary Authority of Singapore regulations applicable if the loan involves financial institutions

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in Singapore

Stamp Duties Act: Determines if the document requires stamping and the applicable stamp duty fees

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

Refund Acknowledgement Letter

A formal document under Singapore law confirming the details and receipt of a refund transaction between a business and customer.

find out more

Letter To Confirm Payment Received

A formal acknowledgment of payment receipt under Singapore law, serving as official proof of transaction completion.

find out more

Debt Acknowledgement Form Iou

A Singapore-compliant legal document acknowledging debt obligation and repayment terms between creditor and debtor.

find out more

Cash Payment Acknowledgement Receipt

A legally compliant document used in Singapore to acknowledge and record cash payments between parties.

find out more

Acknowledgement Statement For Signature

A Singapore-law governed formal statement confirming acknowledgement of specific facts or circumstances.

find out more

Acknowledgement Receipt Land Title

A Singapore legal document confirming receipt of land title documentation between parties under Singapore property law.

find out more

Acknowledgement Receipt For Sale

A Singapore-compliant legal document confirming receipt of payment for goods or services, serving as proof of transaction.

find out more

Acknowledgement Receipt For Refund Of Deposit

A Singapore-compliant legal document confirming the return of a previously paid deposit.

find out more

Acknowledgement Receipt For Motor Vehicle

A Singapore-compliant document acknowledging the receipt and transfer of possession of a motor vehicle.

find out more

Acknowledgement Receipt For House And Lot Payment

A Singapore-compliant legal document acknowledging receipt of payment for a house and lot purchase.

find out more

Acknowledgement Receipt For Down Payment

A Singapore-compliant legal document acknowledging receipt of a down payment between parties, serving as proof of partial payment under Singapore law.

find out more

Acknowledgement Of Refund Letter

A formal document under Singapore law confirming the receipt of a refunded amount, serving as legal proof of the transaction.

find out more

Acknowledgement Letter For Salary Received

A Singapore-compliant formal document confirming an employee's receipt of salary for a specified period.

find out more

Acknowledgement Letter For Return Of Company Property

A Singapore-compliant formal document confirming an employee's return of company property and assets.

find out more

Acknowledgement Letter For Partial Payment

A Singapore-compliant formal document acknowledging partial payment of a debt and confirming the remaining balance due.

find out more

Acknowledge And Acceptance Letter

A Singapore-compliant formal document confirming receipt and acceptance of specific terms or conditions, creating a legally binding acknowledgment between parties.

find out more

Tenant Key Receipt Acknowledgement Form

A Singapore-compliant legal document recording the handover of keys and access devices from landlord to tenant in property rentals.

find out more

Tenant Acknowledgement Receipt

A Singapore-compliant document confirming receipt of rental-related payments from tenant to landlord.

find out more

Tenant Acknowledgement Form

A Singapore-compliant form documenting tenant's acknowledgement of rental terms, conditions, and property rules.

find out more

Temporary Acknowledgement Receipt

A Singapore-compliant document that formally acknowledges temporary possession of items between parties.

find out more

Subcontractor Acknowledgement Form

A Singapore-compliant form documenting a subcontractor's acceptance of main contract terms and responsibilities.

find out more

Short Acknowledgement Letter

A formal written confirmation document under Singapore law, providing legal evidence of receipt, understanding, or agreement to specific matters.

find out more

Service Acknowledgement Letter

A formal document used in Singapore to confirm the receipt and completion of services, serving as official acknowledgement under Singapore law.

find out more

Seller Acknowledgement Form

A Singapore-compliant document where sellers formally acknowledge and accept their sales terms and obligations.

find out more

Security Acknowledgement Form

A Singapore-compliant document recording an individual's acceptance of organizational security policies and responsibilities.

find out more

Salary Acknowledgement Receipt

A Singapore-compliant document confirming receipt of salary payment, including mandatory deductions and contributions.

find out more

Work Acknowledgement Letter

A formal document used in Singapore to confirm an employee's acceptance of employment terms and conditions.

find out more

Waiver Acknowledgement Letter

A Singapore law-governed document recording the voluntary relinquishment of rights and its acknowledgment by the benefiting party.

find out more

Volunteer Acknowledgement Letter

A Singapore-compliant document establishing the formal relationship between an organization and a volunteer, outlining duties and confirming non-employment status.

find out more

Vendor Acknowledgement Form

A Singapore-compliant document where vendors formally acknowledge and accept company terms and compliance requirements.

find out more

User Acknowledgement Form

A Singapore-compliant document capturing user consent and acknowledgement of terms and conditions.

find out more

Uniform Acknowledgement Form

A standardized form under Singapore law used to formally acknowledge receipt, understanding, or acceptance of specific matters.

find out more

Partnership Acknowledgement Letter

A Singapore-compliant formal document confirming an individual's or entity's status as a partner in a business partnership.

find out more

Parent Acknowledgement Form

A Singapore-compliant legal document capturing parental consent and acknowledgement for child-related activities or arrangements.

find out more

Orientation Acknowledgement Form

A Singapore-compliant form documenting employee acknowledgment of completed orientation programs and receipt of company policies.

find out more

Order Acknowledgement Form

A Singapore-compliant document confirming acceptance of a customer's purchase order and specifying agreed terms and conditions.

find out more

Meeting Acknowledgement Form

A Singapore-compliant document confirming attendance and participation in formal meetings.

find out more

Medical Acknowledgement Letter

A Singapore-compliant document recording patient consent and understanding of medical procedures, aligned with local healthcare regulations.

find out more

Loan Repayment Acknowledgement Letter

A Singapore-compliant document where a borrower formally acknowledges their outstanding loan obligation to a lender.

find out more

Safety Manual Acknowledgement Form

A Singapore-compliant document confirming employee receipt and understanding of workplace safety procedures under WSHA regulations.

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