Do I need to sign the Loan Contract?

No signature from the borrower and lender is needed for any loan contract created in the P2P lending platform. By signing the P2P User agreement, both lenders and borrowers agrees to be legally bound to future Loan Contract they will enter in the P2P lending platform.

This is made possible by Singapore’s Electronic Transaction Act, which provides legal recognition of electronic records as long as the contractual parties have previously agreed on the terms and there is a system that allows this agreement to be interlinked to subsequent agreements (be it written or electronic).