Ƶ

Drawdown Loan Agreement for Singapore

Drawdown Loan Agreement Template for Singapore

A Drawdown Loan Agreement under Singapore law is a comprehensive legal document that establishes the terms and conditions under which a lender provides a loan facility to a borrower, with the distinctive feature that funds can be drawn down in multiple tranches as needed. The agreement complies with Singapore's Banking Act and MAS regulations, incorporating specific provisions for interest calculation, security arrangements, and enforcement mechanisms unique to Singapore's legal framework.

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
Drawdown Loan Agreement

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

What is a Drawdown Loan Agreement?

The Drawdown Loan Agreement is a crucial financing instrument in Singapore's commercial landscape, typically used when businesses require flexible access to funding over time. This agreement type is particularly relevant for project financing, working capital facilities, or construction loans where staged funding is necessary. The document must comply with Singapore's Banking Act, MAS regulations, and common law principles, making it distinct from similar agreements in other jurisdictions. It includes detailed provisions for drawdown mechanics, conditions precedent, representations and warranties, and events of default, all tailored to Singapore's legal framework.

What sections should be included in a Drawdown Loan Agreement?

1. Parties: Identification of lender and borrower with full legal names and addresses

2. Background: Context of the loan facility and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Facility: Details of the loan amount, purpose, and drawdown mechanics

5. Interest and Fees: Interest rate, calculation method, and applicable fees

6. Repayment Terms: Repayment schedule and mechanics

7. Conditions Precedent: Prerequisites for drawdown

8. Representations and Warranties: Statements of fact by borrower

9. Events of Default: Circumstances constituting default and consequences

What sections are optional to include in a Drawdown Loan Agreement?

1. Security: Details of any collateral or guarantees - include when loan is secured

2. Insurance: Required insurance coverage - include when specific insurance is required

3. Financial Covenants: Financial maintenance requirements - include for corporate borrowers

What schedules should be included in a Drawdown Loan Agreement?

1. Drawdown Notice: Form of notice for requesting drawdown

2. Conditions Precedent Documents: List of required documents

3. Repayment Schedule: Detailed payment schedule if term loan

4. Security Documents: Forms of security documents if secured

5. Fee Schedule: Detailed breakdown of all applicable fees

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

Singapore

Publisher

Ƶ

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions




































Clauses





























Industries

Banking Act (Cap. 19): Primary legislation that regulates banking business and financial institutions in Singapore, including provisions on credit facilities and lending practices

Moneylenders Act (Cap. 188): Regulates moneylending activities in Singapore, particularly relevant if the lender is not a licensed bank

Securities and Futures Act (Cap. 289): Governs securities and financial arrangements, particularly relevant if the loan involves any securities as collateral

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships in Singapore, including provisions on interest rates and charges

MAS Notice 635: Monetary Authority of Singapore guidelines on lending practices that financial institutions must comply with

MAS Notice 639: Monetary Authority of Singapore guidelines on exposure limits for financial institutions

MAS Notice 645: Monetary Authority of Singapore guidelines on total debt servicing ratio requirements

Consumer Protection (Fair Trading) Act: Provides protection for consumers in transactions, relevant if the borrower is an individual or small business

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data, relevant for handling borrower's information

Unfair Contract Terms Act: Regulates unfair terms in contracts and provides protection against unreasonable contract terms

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

Unsecured Directors Loan Agreement

A Singapore legal document outlining unsecured loan terms between a company and its director.

find out more

Student Loan Agreement

A Singapore legal document outlining terms for educational financing between a student and a financial institution.

find out more

Simple Loan Application Form

A Singaporean legal document for collecting loan applicant information in compliance with local lending regulations.

find out more

Simple Car Loan Agreement

A Singapore legal document standardizing vehicle loan terms, ensuring compliance with regulatory and consumer protection laws.

find out more

Promissory Note Family Loan

A Singapore legal document formalizing family loans, detailing terms and preventing disputes under local law.

find out more

Private Lending Term Sheet

A Singaporean legal document outlining preliminary loan terms and ensuring compliance with local moneylending regulations.

find out more

Personal Loan Receipt

A Singapore legal document recording personal loan terms, ensuring compliance with lending regulations and preventing disputes.

find out more

Payday Loan Contract

A Singapore legal document outlining payday loan terms, ensuring compliance with Moneylenders Act and borrower protections.

find out more

Money Agreement Between Two Parties

A Singaporean legal document outlining terms for a loan agreement between two parties, ensuring compliance and protection.

find out more

Loan Note

A Singapore legal document outlining debt obligations and compliance for various lending transactions.

find out more

Loan Guarantee

A Singapore legal document guaranteeing third-party obligations in corporate and commercial financing arrangements.

find out more

Loan Agreement With Guarantor

A Singapore legal document securing a loan with a guarantor, ensuring repayment under the Moneylenders Act.

find out more

Loan Agreement With Collateral

A Singaporean legal document securing loans with collateral, detailing lender rights and compliance with local regulations.

find out more

Investment Loan Contract

A Singapore legal document standardizing investment loans, ensuring compliance with MAS guidelines and banking regulations.

find out more

Facility Agreement

A Singaporean legal document structuring loan arrangements, ensuring compliance with MAS guidelines and banking regulations.

find out more

Debt Repayment Contract

A Singapore legal document detailing debt repayment terms, ensuring compliance with local laws and interest rate caps.

find out more

Employee Laptop Loan Agreement

A Singapore legal document formalizing employee laptop loans, ensuring compliance with PDPA and asset protection.

find out more

Employee Forgivable Loan Agreement

A Singapore legal document offering forgivable loans to employees, contingent on retention and performance criteria.

find out more

Employee Cash Advance Agreement

A Singapore legal document outlining terms for employee cash advances, ensuring compliance with employment regulations.

find out more

Borrowing Form

A Singapore legal document outlining loan terms, ensuring compliance with local lending regulations.

find out more

Domestic Helper Loan Agreement

A Singapore legal document outlining financial assistance terms for foreign domestic workers, ensuring compliance with MOM guidelines.

find out more

Device Loan Agreement

A Singapore legal template for temporary device loans, ensuring compliance with data protection and electronic transaction laws.

find out more

Company Loan Form

A Singapore corporate document formalizing inter-company loans, ensuring compliance with financial regulations and customizable terms.

find out more

Unsecured Loan Contract

A Singapore-law governed agreement establishing terms for an unsecured loan, compliant with local financial regulations.

find out more

Unregulated Credit Agreement

A Singapore law-governed agreement for unregulated credit arrangements between private parties.

find out more

Small Business Loan Contract

A Singapore-law governed agreement establishing terms for a small business loan, compliant with MAS guidelines and local banking regulations.

find out more

Simple Equipment Borrowing Agreement

A Singapore-law governed agreement establishing terms for temporary equipment borrowing between parties.

find out more

Simple Loan Promissory Note

A legally binding promise to repay a loan, governed by Singapore law, containing essential loan terms and repayment obligations.

find out more

Payment Plan Car Payment Contract

A Singapore-governed contract establishing terms for vehicle purchase financing through scheduled payments, compliant with local banking and consumer protection laws.

find out more

Pari Passu Loan Agreement

A Singapore law-governed loan agreement establishing equal ranking rights among multiple lenders for payment and security enforcement.

find out more

Loan Out Agreement

A Singapore-law governed agreement where a company provides the services of a specific individual to another company, typically used in entertainment and professional services sectors.

find out more

Loan Forgiveness Agreement

A Singapore-governed agreement that releases a borrower from loan repayment obligations, either partially or in full.

find out more

Loan For Use Contract

A Singapore-law governed agreement allowing free temporary use of items with return obligations.

find out more

Loan Facility Letter

A Singapore-law governed document setting out terms and conditions for a loan facility, issued by a financial institution to a borrower.

find out more

Loan And Mortgage Agreement

A Singapore law-governed agreement combining a loan facility with property security through mortgage.

find out more

Loan Agreement Term Sheet

A preliminary document outlining key terms of a proposed loan facility under Singapore law, serving as the basis for a detailed loan agreement.

find out more

Loan Agreement Between Director And Company

A Singapore-law governed agreement documenting a loan from a director to their company, compliant with the Companies Act and corporate governance requirements.

find out more

Loan Agreement Between Company And Individual

A Singapore-law governed agreement between a company and individual for the provision and repayment of a loan, including terms and conditions.

find out more

No Loan Agreement

A Singapore-law governed agreement that formally documents and confirms the absence of any loan arrangement between parties.

find out more

Memorandum Of Loan Agreement

A Singapore-law governed agreement documenting loan terms between lender and borrower, including amount, interest, and repayment conditions.

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