Document background
The Domestic Helper Loan Agreement Template is essential for Singapore employers who provide financial assistance to their foreign domestic workers, typically for covering placement fees, training costs, or other employment-related expenses. This document ensures compliance with Singapore's strict regulatory framework, including MOM guidelines and the Employment of Foreign Manpower Act. It protects both parties by clearly defining loan terms, repayment schedules, and salary deduction arrangements, while maintaining adherence to legal limits on deductions. The agreement is particularly relevant given the common practice of employers assisting domestic helpers with initial employment costs.
