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    Canada Promissory Note with Monthly Payments, Compound Interest

    $2.29

    Set up a series of monthly payments for a borrower under a Promissory Note with this template form for Canada.

    • The principal and interest are to be repaid in equal monthly installments.
    • Interest is calculated and compounded monthly.
    • Any amount of principal and/or interest not paid on time bears interest at the same rate as the loan balance.
    • You can use this legal form template anywhere in Canada except the Province of Quebec.

    If you're a lender with a Canadian client base, you'll find this Promissory Note form useful for your business. Download it immediately after purchase.

    Download Type: Microsoft Word
    Last Updated: 03-July-2017
    SKU: 6513
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    Canada Promissory Note with Monthly Payments, No Penalty

    $2.29

    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.