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Document Id : 230
File Type : Microsoft Word
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Demand Promissory Note with No Interest
Secure repayment of an interest-free loan with this downloadable Demand Promissory Note for principal only (no interest).
- This type of Promissory Note would most commonly be used when the borrower and the lender have a close relationship, such as family members, when no interest would be charged on the loan balance.
- The form is a generic template, and is easy to use. Just download, fill in with the details of the transaction, and print.
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