Document background
The Home Loan Agreement is essential for residential property financing in Singapore, structured to comply with strict MAS regulations and banking laws. It's used when individuals seek financing for property purchase, whether private or HDB properties. The agreement encompasses crucial elements including loan quantum, interest calculations, repayment schedules, and security arrangements. It must adhere to Singapore's specific requirements such as TDSR frameworks, LTV limits, and mandatory disclosure rules. This document serves as the primary contract defining the lending relationship and protecting both lender and borrower interests.
