Jurisdiction(s):
United Kingdom

Key definition

Loan definition

What does Loan mean? In legal practice, a loan is an advance of money by a lender to a borrower with a binding obligation to repay the principal sum, usually with interest, either on demand or at agreed dates during a term. Loans may be secured or unsecured and may be documented as a loan or facility agreement, promissory note or deed. Repayment may be amortising or bullet. Interest and fees (for example, arrangement, commitment or default interest) are commonly payable but are not essential to a loan’s validity. The term is a descriptive expression used across commercial, consumer and corporate finance; specific statutes...

Singapore cross-border banking and finance: market, licensing, tax, security, enforcement, insolvency, intercreditor and English judgments (December 2024 update)

Published by a LexisNexis Banking & Finance expert

Practice notes

Loan market and developments

Offer a concise summary of your Jurisdiction’s loan market conditions and any notable recent developments. Singapore stands as a globally respected financial hub, underpinned by an English Common law-based legal framework. Per the Monetary Authority of Singapore (MAS), as at December 2024, roughly 132 commercial banks operated in Singapore, alongside numerous other financial institutions. Beyond domestic corporates, a wide range of regional businesses source funding from banks running their operations out of Singapore. Alongside lending, Singapore banks provide extensive services, spanning investment banking and treasury solutions. The MAS may require banks with sizeable retail footprints, and those deemed systemically important, to incorporate locally. Presently, seven banking groups are classified as systemically important, including three leading institutions headquartered in Singapore. Please outline any imminent legal changes or other factors that could influence the loan markets or the answers to the questions set out below...

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Web page updated on 21/05/2026

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