51Ƶ

Payment Schedule Agreement Template for Singapore

A Payment Schedule Agreement under Singapore law is a legally binding document that outlines the terms, conditions, and timeline for a series of payments between parties. It complies with Singapore's Payment Services Act 2019 and Contract Law, providing a structured framework for payment obligations, including amounts, dates, methods of payment, and consequences of default. The agreement includes provisions for both regular and irregular payment schedules, with optional clauses for early payment discounts and late payment penalties.

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

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Payment Schedule Agreement?

The Payment Schedule Agreement is essential for businesses and individuals in Singapore requiring structured payment arrangements. This document is commonly used when parties need to formalize installment payments, debt repayment plans, or regular payment obligations. It ensures compliance with Singapore's financial regulations while providing clear terms for payment timing, amounts, and methods. The agreement helps prevent disputes by clearly documenting payment obligations and includes provisions for handling late payments or defaults.

What sections should be included in a Payment Schedule Agreement?

1. Parties: Identification and details of all parties involved in the agreement

2. Background: Context and purpose of the payment schedule agreement

3. Definitions: Key terms used tHRoughout the agreement

4. Payment Terms: Details of payment amounts, frequencies, and methods

5. Payment Schedule: Specific dates and amounts for each payment

6. Default Provisions: Consequences of missing payments or breaching agreement

7. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Payment Schedule Agreement?

1. Early Payment Provisions: Terms for early payment options and any associated discounts

2. Interest Charges: Details of interest calculations and charges on late payments

3. Security Provisions: Details of any security or collateral arrangements

4. Force Majeure: Provisions for handling unforeseen circumstances affecting payment obligations

What schedules should be included in a Payment Schedule Agreement?

1. Payment Schedule Table: Detailed table showing all payment dates and amounts

2. Bank Account Details: Banking information and payment instructions

3. Interest Calculation Method: Detailed explanation of interest calculation methodology

4. Security Documentation: Details and documentation of security or collateral arrangements

Authors

Alex Denne

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

Jurisdiction

Singapore

Publisher

Genie AI

Sector

Banking

Cost

Free to use

Find the exact document you need

Simple Payment Agreement

A Singapore legal document formalizing payment arrangements, compliant with Contract and Payment Services Acts.

Download

Partial Payment Agreement

A Singapore legal document formalizing structured debt repayment arrangements under the Civil Law Act.

Download

Car Payment Plan Agreement

A Singapore legal document outlining installment payment terms for vehicle purchases under local financing regulations.

Download

Agreement To Pay For Services

A Singaporean legal document outlining payment terms and obligations for professional service agreements.

Download

Simple Payment Agreement Letter

A legally binding payment arrangement document under Singapore law that outlines payment terms between two parties.

Download

Payment Schedule Agreement

A Singapore-law governed agreement establishing payment terms, schedules, and obligations between parties.

Download

Payment Agreement Letter

A legally binding document under Singapore law that establishes payment terms and conditions between parties.

Download

Debt Payment Plan Agreement

A Singapore-law governed agreement establishing structured repayment terms for an existing debt, including payment schedule and default provisions.

Download

Electronic Payment Agreement

A Singapore-law governed agreement establishing terms and conditions for electronic payment processing services, compliant with PSA 2019 and MAS requirements.

Download

Rent Payment Plan Agreement

A Singapore-compliant agreement establishing structured rental payment terms between landlord and tenant.

Download

Late Payment Agreement

A Singapore-law governed agreement that structures the settlement of overdue payments between parties, including revised payment terms and interest calculations.

Download

Debt Payment Agreement Form

A Singapore law-governed agreement that establishes terms and conditions for debt repayment between creditor and debtor.

Download

Installment Agreement Form

A Singapore-law compliant agreement structuring payments into fixed installments, with defined terms and conditions for both parties.

Download

Installment Agreement

A Singapore-law agreement establishing terms for scheduled payments over time for purchases or services.

Download

Full Payment Agreement

A Singapore-law governed agreement establishing terms and conditions for complete payment settlement between parties.

Download
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