Document background
This Unsecured Loan Note template is designed for use in Hong Kong lending transactions where the lender provides financing without taking security over specific assets of the borrower. It is commonly used in both commercial and private lending scenarios, particularly where the borrower's creditworthiness or relationship with the lender eliminates the need for specific security. The document complies with Hong Kong's Money Lenders Ordinance and related regulations, including interest rate restrictions and mandatory disclosure requirements. It includes comprehensive provisions covering loan terms, repayment obligations, events of default, and enforcement mechanisms, while being adaptable for various lending scenarios from corporate financing to individual loans. The template is structured to meet both regulatory requirements and commercial expectations in the Hong Kong market.
