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The Loan Repayment Agreement Letter is a crucial document used when formalizing or modifying loan repayment arrangements between parties in Hong Kong. It is typically employed when there's a need to document specific repayment terms, whether as a follow-up to an existing loan agreement or to formalize a repayment plan. The document must comply with Hong Kong's Money Lenders Ordinance and related financial regulations, particularly regarding interest rate calculations and repayment terms. This letter serves as a legally binding document that protects both lender and borrower by clearly stating the repayment schedule, methods of payment, and consequences of default. It's especially important in Hong Kong's dynamic financial environment, where clear documentation of financial obligations is essential for business operations and regulatory compliance.

1. Letterhead and Date: Sender's details, recipient's details, and date of the letter

2. Reference Line: Reference to any existing loan agreement or facility

3. Salutation: Formal greeting to the recipient

4. Loan Acknowledgment: Confirmation of the outstanding loan amount and original loan details

5. Repayment Terms: Detailed breakdown of the proposed repayment schedule, including amounts and dates

6. Interest Rate: Specification of applicable interest rate and calculation method

7. Payment Method: Details of how payments should be made, including bank account information

8. Consequences of Default: Clear statement of what happens in case of missed payments

9. Confirmation Request: Request for acknowledgment and agreement to the terms

10. Closing: Formal closing, signature block, and company details