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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
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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.