Promissory Note for Interest Only

Secure the repayment of a loan with this Promissory Note form for interest payments only. This form of Note allows the borrower to make payments against interest only, with no payment on the principal amount until a date specified in the Note. Interest payments are made in arrears, at regularly scheduled dates. The principal amount of the loan may be repaid at any time without a penalty (fee) being charged. This Promissory Note for Interest Only template is generic (not country specific), and is easy to fill in with all the specifics of your transaction.