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The Personal Guarantee Loan Agreement is essential in Singapore's lending landscape where additional security is required for loan facilities. This document is typically used when a lender requires extra assurance beyond the borrower's creditworthiness, particularly in business or property financing. The agreement must comply with Singapore's Civil Law Act, Banking Act, and Moneylenders Act, incorporating specific requirements for guarantee enforceability, interest rate restrictions, and regulatory compliance. It provides comprehensive documentation of the loan terms, guarantee obligations, and enforcement mechanisms, protecting all parties' interests under Singapore law.
