Document background
A Personal Guarantee Promissory Note is commonly used in Singapore when securing financial obligations where additional personal security is required. This hybrid instrument, governed by Singapore law, combines the features of a personal guarantee and a promissory note, making it particularly useful for business loans, property transactions, and other financial arrangements. The document includes specific payment terms, guarantee provisions, and may be supported by security arrangements. It creates a clear obligation on the guarantor while maintaining the negotiability features of a promissory note, providing flexibility for the beneficiary in enforcement and transfer.
