If you sell goods on credit and allow your customers to pay in installments, use this Installment Promissory Note to secure the balance outstanding from time to time on their account.

• The maker of the Note (customer) agrees to repay the secured amount by a series of installment payments against the principal and interest due under the Note.


• The supplier (holder of the Note) retains title to the goods until the balance is completely paid.


• The holder has the right to assign the Note to a third party.

This generic Installment Promissory Note form is provided in MS Word format, and is fully editable to fit your circumstances. Buy the form once, and it's yours to use as often as required.