Employment Act (Chapter 91): Primary legislation governing employment relationships in Singapore. Relevant for ensuring loan agreement compliance with basic employment rights, salary deduction regulations, and payment terms.
Moneylenders Act (Chapter 188): While primarily for licensed moneylenders, provides guidance on fair lending practices and interest rate restrictions that should be considered in employee loan agreements.
Contracts Act (Chapter 53): Governs contract formation and enforcement in Singapore. Ensures the loan agreement meets basic requirements for a valid and enforceable contract under Singapore law.
Personal Data Protection Act 2012 (PDPA): Regulates the collection, use, and disclosure of personal data. Ensures proper handling of employee's personal information in the loan agreement and related documentation.
Income Tax Act: Addresses tax implications of employee loans, including whether the loan constitutes a taxable benefit and treatment of interest for tax purposes.
Limitation Act (Chapter 163): Sets time limits for enforcing legal rights, including loan agreements. Defines statutory limitation periods for taking legal action on defaults.
Civil Law Act (Chapter 43): Contains general principles of civil law applicable to loans, including regulations on interest rates and other loan terms.
