Document background
A Supplemental Loan Agreement is utilized when parties need to modify an existing loan arrangement without completely replacing the original agreement. Common scenarios include extending loan periods, adjusting interest rates, restructuring repayment schedules, or adding security. Under Singapore law, these agreements must comply with strict banking regulations and MAS guidelines. The document typically references the original loan agreement and clearly outlines which terms are being modified while confirming the continued validity of unchanged terms. This type of agreement is particularly important in Singapore's financial sector, where loan modifications must be properly documented to ensure enforceability and regulatory compliance.
