Promissory Note for Multiple Advances | 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 file, fill in the details and print. Use it as often as you need to.

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.

Sometimes when you lend money, you may decide not to charge interest. But you still need to get a promise from the borrower to repay the loan. Get the borrower to sign this Demand Promissory Note for principal only.

• This form is only for use in Canada. It can be used in any province or territory except Québec.
• This type of Promissory Note is most commonly used when the loan is between two persons who have a close relationship, such as family members.
• Because no interest is being charged on the loan, the borrower is only required to pay back the principal amount of the loan.
• The Demand Promissory Note for an interest-free loan is a digital download in MS Word format.

This downloadable Grid Note (also called a Term Note) can be used to secure multiple advances of loan proceeds.

• The form can be used anywhere in Canada.
• The Note covers multiple advances or stages of funding under a lending agreement between the borrower and the lender.
• This form of Note is commonly used for construction financing, where more than one advance of loan proceeds would be made.
• Provided in MS Word format, easy to download, fill in with your details, and print.

Are you loaning money to a person or a company in Canada? Secure your interest as a creditor with this Promissory Note and Guarantee.

• The borrower agrees to pay the secured amount by monthly payments (not necessarily equal payments).
• The Note includes a guarantee of payment by a guarantor.
• The guarantor also agrees to ensure that the creditor receives a monthly installment payment equal to a specified percentage of the guarantor's net revenue.
• This form is available as a downloadable and fully customizable MS Word file.
• Intended for use only in Canada.