Secure repayment of a loan with this Promissory Note form for Canada, which contains a provision for the lender to register a collateral charge against land owned by the borrower. The collateral charge on the land is held by the lender as additional security for repayment of the principal amount under the Note.

Interest on the balance is a floating rate, based on the prime lending rate of the lender's bank from time to time. The outstanding balance may be prepaid by the borrower without penalty, i.e. no premium or fee will be charged.

This Canadian Promissory Note and Collateral Charge form is provided in MS Word format, and is easy to download, fill in with your details, and print.