Secure the repayment of a loan made in Canada with this Promissory Note for Interest Only.
- This form of Note allows the borrower to make payments against interest only, with no payments to be made against the principal amount until the date specified in the Note.
- Interest payments will be made in arrears, at regularly scheduled dates.
- The principal may be repaid at any time without a penalty (fee) being charged.
This Canada Promissory Note for Interest Only
template is in MS Word format, and can be edited as necessary to include all the specifics of your transaction.