Secure repayment of a loan with this Promissory Note form, which allows the borrower to repay the debt in monthly payments.

The borrower agrees to repay the debt in equal monthly payments of combined principal and interest, by way of post-dated checks, with the balance due on a date specified in the Note. The borrower has the option to prepay the outstanding balance without any prepayment penalty.

This Promissory Note with Equal Monthly Payments, No Penalty is generic (not country specific). It is provided in MS Word format, and is easy to fill in with all the specifics of your transaction.