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Loan Release Form
"Need a Loan Release Form for a fully repaid business loan of SGD 500,000 from DBS Bank, with the release of both the personal guarantee and property security that was provided in March 2025."
1. Parties: Details of the lender and borrower including full legal names, registration numbers and addresses
2. Loan Details: Original loan amount, loan reference number, date of loan agreement, and any other relevant loan identifiers
3. Confirmation of Payment: Statement confirming that the loan has been fully repaid or settled as agreed
4. Release Statement: Formal declaration releasing the borrower from all obligations under the loan agreement
5. Governing Law: Statement that the release is governed by Singapore law
1. Security Release: Section releasing any collateral or security held against the loan, to be included if the loan was secured
2. Guarantor Release: Section releasing any guarantors from their obligations, to be included if there were guarantors
3. Reservation of Rights: Section reserving certain rights of the lender, to be included in case of partial release or specific exclusions
4. Confidentiality: Provisions regarding confidentiality of the release terms, to be included if required by either party
1. Schedule 1 - Original Loan Agreement: Copy or details of the original loan agreement being released
2. Schedule 2 - Payment Confirmation: Statement or evidence of final payment or settlement
3. Schedule 3 - Security Documents: List and copies of security documents being released (if applicable)
4. Schedule 4 - Release Calculation: Detailed calculation of final settlement amount (if applicable)
Authors
Release and Discharge
Representations and Warranties
Return of Security Documents
Indemnification
Confidentiality
Governing Law
Jurisdiction
Entire Agreement
Severability
No Waiver
Counterparts
Notices
Further Assurance
Third Party Rights
Assignment
Amendment
Costs and Expenses
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