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Loan Agreement With Notary
"Need a Loan Agreement With Notary for a secured business loan of SGD 500,000 with 5% interest rate, to be disbursed by March 2025, including provisions for early repayment and requiring quarterly financial reporting from the borrower."
1. Parties: Identification of lender and borrower with full legal names and addresses
2. Background: Context of the loan agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Loan Amount and Purpose: Specified amount and intended use of funds
5. Interest Rate: Agreed interest rate and calculation method
6. Repayment Terms: Schedule and method of repayment
7. Security: Details of any collateral or guarantees
8. Events of Default: Circumstances constituting default and consequences
9. Governing Law: Specification of Singapore law as governing law
1. Insurance Requirements: Required when loan is secured by assets requiring insurance - used for secured loans with physical assets as collateral
2. Guarantor Provisions: Terms relating to guarantors - used when loan includes third-party guarantors
3. Prepayment Terms: Conditions for early repayment - used when early repayment options are offered
1. Repayment Schedule: Detailed breakdown of payment dates and amounts
2. Security Details: Detailed description of collateral or security arrangements
3. Guarantor Information: Details of guarantors and their obligations, if applicable
4. Condition Precedents: List of conditions to be met before loan disbursement
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