Loan and Charging Agreement | Canada
Canadian lenders can use this downloadable Loan and Charging Agreement to prepare loan documents for a borrower.
- The template includes both the Loan Agreement and a promissory note for the principal amount of the loan plus interest.
- The borrower agrees to register an encumbrance against title to real estate owned by the borrower, as collateral security for the loan.
- If the borrower defaults in repaying the loan, title to the property will be transferred to the lender.
- Available in MS Word format.
- Intended to be used only in Canada.
Acknowledgment of Payment of Promissory Note | Canada
This Acknowledgement of Payment form confirms that a promissory note has been paid in full.
- This form should be signed by the lender when the full amount of the loan has been paid.
- Available as a free downloadable MS Word document.
- This form is intended for use in Canada.
Canada Demand Note with Floating Interest Rate
Document a loan and protect your rights as a creditor in Canada with this easy-to-use Demand Promissory Note form which provides for floating interest rate.
- Interest is calculated based on the current prime lending rate of the lender's bank.
- The loan can be prepaid at any time without penalty or premium.
- The form can be easily filled in and printed for signature. Use it as many times as you like.
- This a Canadian legal form template that can be used in any part of the country. A French language version may be required for the Province of Quebec.
To get the Demand Note form, add it to your cart and go through the checkout. Once the transaction is processed, you'll be automatically directed to the download page to get your form.
Term Promissory Note | Canada
Overview of Canadian Term Promissory Note Template
This Term Promissory Note template is designed specifically for use within Canada. It provides a secure method for documenting the repayment of a loan and is suitable for individuals or businesses seeking a straightforward solution for loan agreements.
Repayment Structure
The Note permits the borrower to repay the loan amount through regular payments. Each payment consists of a blended portion of principal and interest, ensuring a consistent payment schedule throughout the loan period.
Interest Calculation
Interest on the outstanding loan balance is calculated monthly, and the total interest is compounded annually. This approach offers clarity in how interest accrues over the duration of the loan.
Format and Reusability
This template is a reusable legal form available in Microsoft Word format, allowing for easy editing and customization to meet specific needs. Once purchased, it can be downloaded and utilised as often as required, making it a convenient option for ongoing or future loan agreements.
Jurisdiction
This template is intended for use only in Canada and should not be used for loans outside Canadian jurisdiction.
Demand Promissory Note | Canada
Secure repayment of a loan with this Demand Promissory Note template for Canada.
- This is a simple form of Promissory Note, which is:
- payable on demand,
- accrues interest at a specified rate, and
- can be prepaid without penalty.
- You can use this Demand Promissory Note anywhere in Canada.
- Download the MS Word file, fill in the details and print. Use it as often as you need to.
Canada Demand Note with Floating Interest Rate
Document a loan and protect your rights as a creditor in Canada with this easy-to-use Demand Promissory Note form which provides for floating interest rate.
- Interest is calculated based on the current prime lending rate of the lender's bank.
- The loan can be prepaid at any time without penalty or premium.
- The form can be easily filled in and printed for signature. Use it as many times as you like.
- This a Canadian legal form template that can be used in any part of the country. A French language version may be required for the Province of Quebec.
To get the Demand Note form, add it to your cart and go through the checkout. Once the transaction is processed, you'll be automatically directed to the download page to get your form.
Promissory Note for Interest-Free Loan | Canada
When lending money to a friend or family member in Canada, you may choose not to charge the borrower interest.
Even in these cases, it is important to secure a formal commitment from the borrower to repay the loaned amount. Obtaining a signed Demand Promissory Note for principal only ensures that the borrower is legally obliged to repay the principal.
When and Where to Use the Form
- This type of Promissory Note is most frequently used when the lender and borrower share a close relationship, such as family members.
- This Demand Promissory Note is intended for use within Canada. It is suitable for all provinces and territories except Québec, where a different French-language form may be needed.
Repayment Terms
Because the loan is interest-free, the borrower is required only to return the principal amount borrowed. No interest will accrue on the loan.
Format and Accessibility
The Demand Promissory Note is available as a digital download in MS Word format, making it convenient to use and customize.
Term Promissory Note | Canada
Overview of Canadian Term Promissory Note Template
This Term Promissory Note template is designed specifically for use within Canada. It provides a secure method for documenting the repayment of a loan and is suitable for individuals or businesses seeking a straightforward solution for loan agreements.
Repayment Structure
The Note permits the borrower to repay the loan amount through regular payments. Each payment consists of a blended portion of principal and interest, ensuring a consistent payment schedule throughout the loan period.
Interest Calculation
Interest on the outstanding loan balance is calculated monthly, and the total interest is compounded annually. This approach offers clarity in how interest accrues over the duration of the loan.
Format and Reusability
This template is a reusable legal form available in Microsoft Word format, allowing for easy editing and customization to meet specific needs. Once purchased, it can be downloaded and utilised as often as required, making it a convenient option for ongoing or future loan agreements.
Jurisdiction
This template is intended for use only in Canada and should not be used for loans outside Canadian jurisdiction.
Promissory Note with Monthly Payments, No Penalty | Canada
A Promissory Note is an essential tool for ensuring that money lent is repaid according to clear, legally binding terms.
This Canadian Promissory Note form is suitable for use anywhere in Canada and is designed to provide both lender and borrower with peace of mind regarding repayment details.
Legal Applicability
This form is recognized as a legal document throughout Canada. It is important to note that Quebec law may require a French language version of the Promissory Note to comply with local regulations.
Repayment Terms
Under the terms of this Promissory Note, the borrower commits to repaying the debt through equal monthly payments. Each payment consists of both principal and interest, ensuring that the debt is steadily reduced over time. The full balance of the loan is due on the maturity date, which is specified within the Note.
Prepayment Option
The borrower has the right to prepay the outstanding balance of the loan at any time. There are no penalties or fees for early repayment; the borrower may pay off the loan in part or in full before the maturity date without incurring any additional charges.
Document Format
This Promissory Note is available in Microsoft Word format, allowing users to easily edit and reuse the form for multiple transactions as needed.
