If you are lending money to someone, secure repayment of the loan with this Promissory Note form for Canada, 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 Canadian promissory note form is in MS Word format, and is easy to download, fill in with your information and use.