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The Acknowledgement of Loan Letter is a crucial document in Hong Kong's lending landscape, used to formally document loan transactions between parties. It serves as a simpler alternative to a full loan agreement while still maintaining legal validity under Hong Kong law. This document is commonly used in situations where parties want to document a loan transaction without the complexity of a full facility agreement, particularly in private lending scenarios or smaller business loans. The letter typically acknowledges receipt of funds, confirms the loan amount, sets out repayment terms, and may include details about interest, security, and guarantees. It must comply with Hong Kong's Money Lenders Ordinance and other relevant financial regulations, particularly regarding interest rate restrictions and lending practices. The document provides important protection for both lender and borrower by creating a clear record of the debt obligation and its terms.

1. Date: Current date of the acknowledgement letter

2. Recipient Details: Full name and address of the lender

3. Salutation: Formal greeting to the lender

4. Loan Amount Confirmation: Clear statement of the loan amount received and date of receipt

5. Purpose of Loan: Brief statement of the intended use of the loan funds

6. Repayment Terms: Details of how and when the loan will be repaid, including interest rate if applicable

7. Acknowledgment of Debt: Formal acknowledgment of the obligation to repay the loan

8. Borrower's Details and Signature: Full name, contact information, and signature of the borrower

9. Witness Details: Space for witness name and signature if required