Are you lending a significant sum of money to a person or a company? Secure the repayment of the loan with this Instalment Promissory Note, which is secured by collateral belonging to the borrower. Provisions of the Note include:

• The principal and interest are to be repaid by a series of regular fixed instalment payments.


• The borrower has the option to prepay the Note, but the lender will charge a prepayment premium (fee) if the loan is paid out before the due date.


• The Note contains an acceleration clause, i.e. if the borrower defaults in making an instalment payment or becomes bankrupt or insolvent, the entire balance together with interest becomes immediately due and payable.

This Secured Instalment Note with fixed payments and prepayment premium is available as a downloadable MS Word document, and is generic in nature (not country specific).