Document background
The Demand Loan And Term Loan agreement is essential for financial transactions in Singapore where flexibility in loan structures is required. This document is typically used when a lender provides multiple facility types to a borrower, combining the immediate callable nature of a demand loan with the structured repayment schedule of a term loan. The agreement must comply with Singapore's robust financial regulatory framework, including MAS guidelines and the Banking Act. It includes detailed provisions for drawdown conditions, interest calculations, security arrangements, and enforcement mechanisms, all aligned with Singapore's legal requirements and banking practices.
