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Repayment Contract Agreement
"I need a Repayment Contract Agreement under Singapore law for a loan of SGD 250,000 to be repaid in monthly installments over 36 months, starting from March 2025, with a fixed interest rate of 5% per annum and secured against commercial property."
1. Parties: Identification and details of the lender and borrower
2. Background: Context of the debt and circumstances leading to the repayment agreement
3. Definitions: Key terms used throughout the agreement
4. Loan Amount and Interest: Details of the principal amount and applicable interest rates
5. Repayment Terms: Payment schedule, installment amounts, and payment methods
6. Default Provisions: Consequences of missed payments or breach of agreement
7. Governing Law: Specification of Singapore law as governing law
1. Security/Collateral: Details of any assets provided as security - use when the loan is secured by assets
2. Guarantor Provisions: Terms relating to any guarantors of the debt - use when a third party guarantees the repayment
3. Early Repayment: Terms for early settlement of the debt - use when early repayment options are offered
4. Insurance Requirements: Mandatory insurance coverage terms - use when insurance is required to secure the loan
1. Repayment Schedule: Detailed payment schedule with dates and amounts
2. Security Details: Description and documentation of security/collateral
3. Original Loan Agreement: Copy of the original loan agreement if applicable
4. Guarantor Documents: Guarantor identification and commitment documents
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