Document background
The Revolving Credit Loan Agreement is commonly used in Singapore when parties seek to establish a flexible lending arrangement that allows for multiple drawdowns and repayments. It's particularly suited for businesses requiring ongoing access to working capital or individuals needing flexible credit arrangements. The document comprehensively addresses key aspects such as facility limits, interest calculations, security arrangements, and compliance with Singapore's banking regulations and MAS guidelines. This type of agreement is especially relevant in the context of Singapore's position as a major financial hub, where such facilities are frequently used for both corporate and individual lending.
