Document background
A Loan Note Agreement is commonly used in Singapore's financial markets when one party wishes to extend credit to another under documented terms. This instrument combines elements of both a promissory note and a loan agreement, providing detailed terms while maintaining transferability. Under Singapore law, these agreements must comply with local regulatory requirements, particularly regarding interest rates, security registration, and disclosure obligations. The document typically includes comprehensive provisions on drawdown conditions, repayment terms, events of default, and enforcement mechanisms, making it suitable for both institutional and private lending arrangements.
