Document background
The Property Loan Agreement is a crucial document used in Hong Kong's property financing landscape when a lender provides funding for property acquisition, development, or refinancing. It serves as the primary agreement governing the lending relationship, incorporating Hong Kong's specific regulatory requirements, including those under the Banking Ordinance, Money Lenders Ordinance, and Conveyancing and Property Ordinance. The agreement typically includes detailed provisions on loan disbursement, interest calculations, security creation, borrower obligations, and enforcement mechanisms. It is essential for both institutional and private lending transactions involving real estate in Hong Kong, requiring careful consideration of local property registration requirements, stamp duty obligations, and banking regulations.
