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The Loan Payback Agreement is essential for documenting loan arrangements in Singapore, whether for personal, business, or property purposes. This agreement provides clear terms for loan repayment, protecting both lender and borrower interests under Singapore law. It includes crucial details such as payment schedules, interest calculations, default provisions, and any security arrangements. The document ensures compliance with Singapore's lending regulations while providing a clear framework for loan management and dispute resolution. It's particularly important for maintaining transparency and establishing legally enforceable obligations between parties.
