Ƶ

Simple Loan Note Agreement for Malaysia

Simple Loan Note Agreement Template for Malaysia

A Simple Loan Note Agreement under Malaysian law is a legally binding document that establishes the terms and conditions of a loan between a lender and borrower. The agreement outlines the principal amount, interest rate, repayment terms, and obligations of all parties involved. Governed by Malaysian contract law and financial regulations, including the Contracts Act 1950 and Financial Services Act 2013, this document provides a clear framework for loan transactions while ensuring compliance with local legal requirements, interest rate regulations, and stamp duty obligations.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Simple Loan Note Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Simple Loan Note Agreement?

The Simple Loan Note Agreement is a fundamental legal instrument used in Malaysia for documenting loan arrangements between parties. This document is particularly useful for straightforward lending transactions where detailed facility agreements may be unnecessary. It combines essential elements required under Malaysian law with practical commercial terms, making it suitable for both corporate and individual lending scenarios. The agreement must comply with Malaysian legislation, including the Contracts Act 1950, Moneylenders Act 1951, and Financial Services Act 2013, while remaining accessible and clear for all parties involved. It typically includes key provisions for loan amount, interest calculations, repayment terms, events of default, and enforcement mechanisms, with optional provisions for security and guarantees when required.

What sections should be included in a Simple Loan Note Agreement?

1. Parties: Identification of the Lender and Borrower with full legal names and addresses

2. Background: Brief context of the loan arrangement and purpose

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the principal amount and stated purpose of the loan

5. Interest: Interest rate, calculation method, and payment terms

6. Repayment Terms: Schedule of repayment, including payment dates, amounts, and method of payment

7. Representations and Warranties: Basic statements of fact and promises made by the Borrower

8. Events of Default: Circumstances that constitute default and consequences

9. Notice Requirements: How and where notices between parties must be given

10. Governing Law: Specification of Malaysian law as governing law and jurisdiction

11. Execution: Signature blocks and execution requirements

What sections are optional to include in a Simple Loan Note Agreement?

1. Security: Include when the loan is secured by any assets or guarantees

2. Guarantor Provisions: Include when there is a guarantor for the loan

3. Early Repayment: Include when early repayment is permitted with specific terms

4. Assignment: Include when either party may need to transfer their rights under the agreement

5. Insurance Requirements: Include when specific insurance must be maintained by the Borrower

6. Conditions Precedent: Include when the loan is subject to certain conditions being met before drawdown

7. Covenants: Include when ongoing obligations or restrictions are imposed on the Borrower

What schedules should be included in a Simple Loan Note Agreement?

1. Repayment Schedule: Detailed breakdown of payment dates and amounts

2. Security Details: Description of any assets or collateral securing the loan

3. Conditions Precedent Checklist: List of documents and conditions required before loan disbursement

4. Form of Drawdown Notice: Standard form for requesting loan disbursement

5. Form of Guarantee: Standard form of guarantee when applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Ƶ

Document Type

Promissory Note

Sector

Banking

Cost

Free to use
Relevant legal definitions






















Clauses






















Relevant Industries

Financial Services

Banking

Small and Medium Enterprises

Real Estate

Manufacturing

Retail

Technology

Agriculture

Construction

Professional Services

Relevant Teams

Legal

Finance

Treasury

Credit Risk

Compliance

Corporate Secretarial

Business Development

Operations

Investment

Risk Management

Relevant Roles

Chief Financial Officer

Finance Director

Financial Controller

Legal Counsel

Corporate Lawyer

Loan Officer

Credit Manager

Treasury Manager

Business Development Manager

Company Director

Financial Analyst

Risk Manager

Compliance Officer

Account Manager

Investment Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Promissory Letter For Payment

A Malaysian law-compliant written promise to pay a specified sum of money, serving as a legally binding financial instrument between maker and payee.

find out more

Promissory Note For Late Rental Payment

A Malaysian law-governed promissory note documenting a tenant's formal commitment to pay outstanding rental payments, with specified terms and conditions for debt settlement.

find out more

Iou Promissory Note

A Malaysian legal document containing an unconditional promise to pay a specified sum of money, governed by the Bills of Exchange Act 1949.

find out more

Promissory Note For Tuition

A Malaysian law-compliant promissory note documenting a binding commitment to pay educational tuition fees.

find out more

Hospital Promissory Note

A Malaysian-law governed financial instrument where a patient promises to pay for medical services, establishing payment terms and conditions.

find out more

Promissory Letter For Work

A Malaysian legal document establishing a binding promise for specific work-related commitments, governed by Malaysian employment and contract law.

find out more

Corporate Promissory Note

A Malaysian law-governed financial instrument containing a company's written promise to pay a specified sum to another party, either on demand or at a fixed future date.

find out more

Simple Promissory Note For Personal Loan

A Malaysian law-governed promissory note documenting a personal loan agreement with an unconditional promise to repay a specified sum with defined terms.

find out more

Loan Note

A Malaysian law-governed instrument documenting loan terms between lender and borrower, including principal, interest, and repayment obligations.

find out more

Promissory Sale And Purchase Agreement

A Malaysian law-governed agreement outlining terms and conditions for property sale and purchase, including payment terms, obligations, and transfer requirements.

find out more

Promissory Note Without Interest

A Malaysian law-governed financial instrument containing an unconditional promise to pay a specified sum without interest, from one party to another at a fixed date or on demand.

find out more

Promissory Note For Delayed Payment

A Malaysian law-compliant written promise to pay a specific sum of money at a future date, serving as a formal acknowledgment of debt.

find out more

Promissory Note For Car

A Malaysian law-governed financial instrument documenting a promise to pay for a vehicle purchase, including payment terms and vehicle details.

find out more

Note Trust Deed

A Malaysian law-governed trust instrument that establishes the terms and governance framework for note issuance, appointing a trustee to protect noteholders' interests.

find out more

Installment Payment Promissory Note

A Malaysian law-governed financial instrument documenting a promise to pay a specified sum through scheduled installments, with defined payment terms and conditions.

find out more

Government Promissory Note

A Malaysian government-issued financial instrument representing a promise to pay a specified sum, governed by Malaysian law and regulations.

find out more

Senior Promissory Note

A Malaysian law-governed senior debt instrument containing an unconditional promise to pay a specified sum with priority repayment rights.

find out more

Promissory Note With Personal Guarantee

A Malaysian law-governed instrument combining a promissory note with a personal guarantee, establishing primary and secondary payment obligations with enforcement provisions.

find out more

Promissory Note With Collateral

A Malaysian law-governed financial instrument combining a promise to pay with security interests in collateral, structured under the Bills of Exchange Act 1949.

find out more

Promissory Note Letter

A Malaysian law-governed written promise to pay a specified sum of money, serving as a legally binding debt instrument under the Bills of Exchange Act 1949.

find out more

Promissory Note Cosigner Agreement

A Malaysian law-governed agreement establishing a cosigner's guarantee of a promissory note, including terms of liability and repayment obligations.

find out more

Promissory Note Convertible To Equity

A Malaysian law-governed convertible debt instrument that establishes terms for a loan that can convert into company shares under specified conditions.

find out more

Promise To Pay Agreement Letter

A Malaysian law-governed formal written commitment acknowledging debt and specifying repayment terms, structured as a legally binding promise to pay.

find out more

Promise To Pay Agreement For Vehicle

A Malaysian law-compliant agreement documenting a commitment to pay outstanding vehicle-related debt, including payment terms and security interests.

find out more

Payable On Demand Promissory Note

A Malaysian law-governed financial instrument containing an unconditional promise to pay a specified sum of money to a named payee upon demand.

find out more

Non Recourse Promissory Note

A Malaysian law-governed financial instrument documenting a promise to pay where the lender's recovery is limited to specific collateral assets.

find out more

Note Agreement

A Malaysian law-governed agreement documenting terms of note issuance, including principal, interest, and payment obligations.

find out more

Loan Promissory Note

A Malaysian law-governed written promise to pay a specified sum of money, detailing loan terms and conditions in compliance with local legislation.

find out more

Loan Note Agreement

A Malaysian law-governed agreement establishing terms and conditions for a loan structured as a note instrument, including key financial and regulatory provisions.

find out more

Full Recourse Promissory Note

A Malaysian law-governed promissory note providing full recourse rights to the lender for debt recovery against all borrower assets.

find out more

Purchase Money Promissory Note

A Malaysian law-governed financial instrument documenting a buyer's promise to pay for purchased property or goods, creating a security interest in the purchased items.

find out more

Medical Promissory Note

A legally binding document under Malaysian law that establishes a patient's formal promise to pay for received medical services, including payment terms and obligations.

find out more

Business Loan Promissory Note

A Malaysian law-governed promissory note documenting a business entity's formal promise to repay a loan with specified terms and conditions.

find out more

Promissory Note Between Friends

A Malaysian law-compliant promissory note documenting a personal loan agreement between friends, including repayment terms and conditions.

find out more

Short Term Unsecured Promissory Note

A Malaysian law-governed financial instrument documenting an unconditional promise to pay a specified sum within a short term, without security.

find out more

Promissory Note For Partial Payment

A Malaysian law-governed document establishing a formal promise to pay a debt through structured partial payments, including payment terms and conditions.

find out more

Shareholder Loan Promissory Note

A Malaysian law-governed promissory note documenting a loan from a shareholder to their company, including repayment terms and conditions.

find out more

Compound Interest Promissory Note

A Malaysian law-governed promissory note documenting debt repayment terms with compound interest calculations and enforcement provisions.

find out more

Promissory Note For Lending Money To Friend

A Malaysian legal document evidencing a personal loan between friends, containing a promise to repay a specified sum under defined terms.

find out more

90 Day Promissory Note

A Malaysian law-governed financial instrument containing a written promise to pay a specified sum after 90 days, commonly used in business and trade finance.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it