Document background
The Unsecured Loan Contract is essential for documenting lending arrangements where no collateral is provided as security. Commonly used in Singapore for personal loans, business financing, and consumer lending, this contract type must comply with strict regulatory requirements under Singapore law, including interest rate caps and mandatory disclosure requirements. The document captures crucial elements such as loan amount, interest calculations, repayment schedules, and default provisions, while incorporating consumer protection measures required by Singapore's financial regulations.
