Document background
The Simple Loan Term Sheet is a fundamental document used in Singapore's lending landscape to establish the basic framework of a loan transaction. This document typically precedes the full loan agreement and captures essential commercial terms while ensuring compliance with Singapore's banking and moneylending regulations. It serves as a roadmap for more detailed documentation and helps parties reach preliminary agreement on key terms. The term sheet is particularly useful in both commercial and private lending scenarios, providing a clear summary of the proposed loan structure while remaining legally non-binding except for specific terms such as confidentiality and exclusivity.
