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The Agreement Letter For Money Lending is a crucial document used in Malaysian financial transactions when a licensed money lender provides a loan to individuals or businesses. The document is essential for compliance with Malaysian financial regulations, particularly the Moneylenders Act 1951, which requires specific terms and conditions to be clearly documented. This agreement type is commonly used when formal lending arrangements need to be established outside traditional banking channels, providing legal protection for both the lender and borrower. It must include mandatory elements such as interest rates within legal limits, clear repayment terms, and any security arrangements, while ensuring all parties' rights and obligations are clearly defined under Malaysian law.

1. Parties: Identification of the lender and borrower with complete details including registration/ID numbers and addresses

2. Background: Context of the loan agreement and confirmation of lender's licensing status under the Moneylenders Act 1951

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the principal amount and intended use of the loan

5. Interest Rate: Clear statement of interest rate, calculation method, and compliance with legal limits

6. Repayment Terms: Details of repayment schedule, installment amounts, and payment methods

7. Events of Default: Circumstances constituting default and consequences thereof

8. Representations and Warranties: Standard declarations by borrower regarding legal capacity and financial status

9. Governing Law: Specification of Malaysian law as governing law and jurisdiction

10. Notices: Process for sending and receiving formal communications between parties