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    Promissory Note for Interest Only | Canada


    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 template is in MS Word format and can be edited as necessary to include all the specifics of your transaction.
    • Intended for use only in Canada.
    Download Type: Microsoft Word
    Last Updated: 18-November-2021
    SKU: 6538
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    Canada Promissory Note with Monthly Payments, No Penalty


    When you lend money, be sure you get paid back. Get the borrower to sign this Promissory Note form before advancing the money.

    • This is a Canadian legal form that can be used anywhere in Canada. Québec law may require a French language version.
    • The borrower agrees to repay the debt in equal monthly payments of combined principal and interest, with the balance due on the maturity date specified in the Note.
    • The borrower has the option to prepay the outstanding balance at any time without penalty. No early payment fee or premium will be charged.

    Don't risk never being repaid. Download the Promissory Note form and get it signed as soon as possible.

    Canada Term Promissory Note


    Canadian lenders, secure the repayment of a loan with this Term Promissory Note template for Canada.

    • The Note allows the borrower to repay the loan amount in regular payments of blended principal and interest.
    • The interest is calculated monthly and compounded yearly.
    • This is a reusable legal form. Buy it, download it, re-use it as often as you require.
    This Canada Term Promissory Note template is available in MS Word format, and is easy to download, fill in with your details, and print.