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An Interim Loan Agreement is commonly used when temporary financing is required to bridge a gap between immediate funding needs and longer-term financing arrangements. This document, governed by Singapore law, sets out the complete terms of the interim loan, including the loan amount, interest rates, repayment schedule, and any security arrangements. It ensures compliance with Singapore's regulatory requirements while protecting both lender and borrower interests. The agreement is particularly useful in time-sensitive situations such as corporate acquisitions, property purchases, or project financing where permanent financing is pending.
