Document background
The Secured Loan Contract is a fundamental document in Singapore's financial landscape, used when a lender provides financing secured against specific assets. This contract type is crucial for protecting the lender's interests while providing clear terms for the borrower. Under Singapore law, these agreements must comply with strict regulatory requirements, including those set by the Monetary Authority of Singapore. The document typically includes detailed provisions on security creation, perfection, and enforcement, along with comprehensive terms covering loan disbursement, repayment, and default scenarios.
