Promissory Note with Floating Interest Rate

Secure repayment of a loan with this Promissory Note with a floating interest rate. The principal amount is due on demand. 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. This Promissory Note with Floating Interest Rate form is generic (not country specific), and is a downloadable Microsoft Word file which is easy to fill in and use.