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    Promissory Note with Monthly Payments, Compound Interest | Canada


    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.
    • This form is downloadable, editable and reusable.
    Download Type: Microsoft Word
    Last Updated: 16-July-2021
    SKU: 6513