tiktok³ÉÈË°æ

All Countries
Banking
Agreement To Pay Debt In Installments

Agreement To Pay Debt In Installments Template for Singapore

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Agreement To Pay Debt In Installments

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Agreement To Pay Debt In Installments

"I need an Agreement To Pay Debt In Installments to structure the repayment of a $50,000 business loan over 24 monthly installments, with the first payment starting March 1, 2025, and I want to include an early repayment option without penalties."

Celebrated by
Collaborations with
Investors
Document background
The Agreement To Pay Debt In Installments is commonly used in Singapore when parties wish to formalize a structured repayment plan for an existing debt. This document is particularly relevant when the debtor cannot make immediate full payment but is willing to settle the debt through regular installments. It provides legal protection under Singapore law for both creditor and debtor by clearly documenting the debt acknowledgment, payment schedule, and consequences of default. The agreement helps prevent future disputes by establishing clear terms and conditions while ensuring compliance with relevant Singapore legislation, including interest rate restrictions and fair trading practices.
Suggested Sections

1. Parties: Identification and details of the creditor and debtor

2. Background: Origin of the debt and circumstances leading to the installment agreement

3. Definitions: Key terms used throughout the agreement

4. Acknowledgment of Debt: Formal recognition of the debt amount and its validity

5. Payment Terms: Installment amounts, payment schedule, and payment method

6. Default Provisions: Consequences of missing payments or breaching the agreement

7. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Interest Calculations: Details of interest charges if applicable - use when interest is being charged on the outstanding amount

2. Security Provisions: Details of any collateral or security for the debt - use when the debt is secured by assets or guarantees

3. Early Payment Provisions: Terms for early repayment of the debt - use when early repayment options are offered

4. Force Majeure: Provisions for unforeseen circumstances affecting payment ability - use when parties want to address potential extraordinary circumstances

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payment dates and amounts

2. Original Debt Documentation: Copies of documents evidencing the original debt

3. Security Documentation: Details of any security or collateral (if applicable)

4. Interest Calculation Schedule: Detailed breakdown of interest calculations (if applicable)

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions























Clauses

























Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships, including provisions about interest rates and enforceability of contracts

Moneylenders Act (Cap. 188): Regulates licensed moneylenders, sets requirements for interest rates, repayment terms, and documentation of loans

Consumer Protection (Fair Trading) Act (Cap. 52A): Ensures fair trading practices and provides protection against unfair practices in debt collection

Limitation Act (Cap. 163): Establishes time limits for debt collection and validates the original debt claim

Contract Law: Common law principles covering contract formation, consideration requirements, and capacity to contract

Banking Act (Cap. 19): Regulates banking institutions, including provisions for interest rates and payment terms in banking-related debts

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Installment Plan Agreement

find out more

Lot Installment Agreement

find out more

Agreement To Pay Debt In Installments

find out more

Monthly Payment Agreement

find out more

Installment Payment Contract

find out more

Partial Payment Installment Agreement

find out more

Installment Sale Contract

find out more

Installment Payment Agreement

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s 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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.