Document background
The Employee Cash Advance Agreement Template is designed for use in Singapore when an employer provides a cash advance to an employee. This document is essential for protecting both parties' interests and ensuring compliance with Singapore's Employment Act and related regulations. It clearly defines the advance amount, repayment terms, salary deduction arrangements, and procedures for early repayment or employment termination. The agreement helps prevent misunderstandings and provides a clear framework for managing employee cash advances while maintaining legal compliance.
