Moneylenders Act (Cap. 188): Primary legislation governing money lending in Singapore, including interest rate caps (4% per month maximum for licensed moneylenders) and licensing requirements
Civil Law Act (Cap. 43): Fundamental legislation governing civil matters in Singapore, including basic principles of contract law and civil obligations
Contracts Act (Cap. 53): Key legislation governing formation and enforcement of contracts in Singapore, based on English common law principles
Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and ensures fair trading terms in contracts
Banking Act: Regulates banking institutions and their lending practices if the loan involves licensed banks
Monetary Authority of Singapore Act: Establishes regulatory framework for financial institutions and monetary policy
Interest Act (Cap. 197): Governs the charging and calculation of interest in financial transactions
Stamp Duties Act: Regulates stamp duty requirements for legal documents including loan agreements
Age of Majority Requirement: Legal requirement that parties must be at least 21 years old to enter into a binding contract in Singapore
Documentation Requirements: Legal requirements for the promissory note to be in writing, include clear payment terms, proper party identification, and valid consideration
Unfair Contract Terms Act: Regulates unfair terms in contracts and protects against unreasonable contract provisions
Mental Capacity Act: Ensures parties have the mental capacity to understand and enter into contractual obligations
