Promissory Note Forms

Loaning money to someone? Selling a business or property on payment terms? Make sure you get paid - get the borrower or buyer to sign one of these Promissory Note Forms.


A promissory note is a promise by the borrower to pay back the money at the agreed rate of interest by a specified date. Once it is signed, it is a legally binding contract. Some jurisdictions require a promissory note to be executed in front of a notary.

Polonius said 'Neither a borrower nor a lender be. For oft loan loses both itself and friend.' Good advice! However, if you do plan to lend money to anyone (including family and friends), then put it all in writing and signed before you hand over a penny. Otherwise you run a very significant risk of never seeing your money again.

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Balloon Mortgage Promissory Note

Because a balloon mortgage does not amortize over its term, the borrower has to pay a balance at the end of the loan term. Use this Promissory Note template to set out the conditions covering repayment of the mortgage loan.

  • The borrower agrees to make monthly payments against the balance, until the date of the final payment.
  • The final payment will be a balloon payment which will pay the full amount of principal and interest outstanding at that date.
  • The Note is secured by a mortgage on the borrower's property.
  • This is a generic legal template which is not specific to any country, state or province.

Purchase and download the Balloon Mortgage Promissory Note form, use it as often as you need to.

$2.29

Balloon Promissory Note with Collateral Provisions

Use this Balloon Promissory Note form in situations where the borrower is required to provide additional collateral besides the property being mortgaged.

  • The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
  • The final payment will be a balloon payment (in other words, a payment in full of the entire balance of principal and interest outstanding at that date).
  • The note has an additional provision requiring the borrower to put up personal property or real estate as additional collateral security.
  • This is a generic legal form which is not specific to any country, state or province.
This Balloon Promissory Note with Collateral Provisions template is available in MS Word format and is fully editable to meet your needs.
$2.29

Canada Acknowledgment of Payment in Full of Debt

Do you hold a promissory note for a loan you made to someone else?

When the debtor pays off the loan, provide them with this Acknowledgment of Payment in Full of Debt, which acknowledges that the debt has been paid in full.

You can click the Download button to download the file, or copy the following text and paste it into a new Word document.





ACKNOWLEDGMENT OF PAYMENT IN FULL OF DEBT

TO: [NAME OF DEBTOR] (the “Debtor”)
__________________________ [street address of debtor]
__________________________ [city, province, postal code]

DATE: __________ [insert date]

FROM: [CREDITOR] (the “Creditor”)

The undersigned hereby acknowledges payment in full of that promissory note dated __________ [insert date of promissory note] made by the Debtor to the favour of the Creditor you in favour of [NAME OF CREDITOR] in the amount of _____________________ DOLLARS (CAD $[amount]________________), as of the _____ day of ______________, 20____. (the “Amount”) by credit to my favour of the Amount in the trust account of _______________________________________[name of law firm or trustee].

DATED this _____ day of ______________, _______.

[NAME OF CREDITOR]


By:_________________________________
Signature

____________________________________
Print Name & Title
Free

Canada Balloon Promissory Note with Collateral

Write up a Balloon Promissory Note with this easy-to-use template for Canada, which requires collateral as additional security.

  • The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
  • The final payment will be a balloon payment, which is a payment in full of the entire balance of principal and interest outstanding at that date.
  • The Note has an additional provision requiring the borrower to put up personal property or real estate as collateral for the loan.
  • This digital legal form can be used in any Canadian province or territory.

Add the Balloon Promissory Note form to your shopping cart, check out and download the template immediately after purchase.

$6.29

Canada Demand Note with Floating Interest Rate

Prepare a Demand Promissory Note with Floating Interest Rate with this easy template form for use in Canada.

  • Interest is calculated based on the then-current prime lending rate of the lender's bank.
  • The loan can be prepaid at any time without penalty or premium.
  • The form can be easily filled in and printed for signature. Use it as many times as you like.
  • This a Canadian legal form template that can be used in any part of the country. A French language version may be required for the Province of Québec.

To get the Demand Note form, add it to your cart and go through the checkout. Once the transaction is processed, you'll be automatically directed to the download page.

$2.29

Canada Demand Promissory Note

Secure repayment of a loan with this Demand Promissory Note template for Canada.

This is a simple form of Promissory Note, which is:
  • payable on demand,
  • accrues interest at a specified rate, and
  • can be prepaid without penalty.

You can use this Demand Promissory Note anywhere in Canada. Download the file, fill in the details and print. Use it as often as you need.

$2.29