Promissory Note with Monthly Payments, No Penalty | Canada

When you lend money, be sure you get paid back. Get the borrower to sign this Promissory Note form for Canada.

  • This is a Canadian legal form that can be used anywhere in Canada. Quebec 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.
  • Available in MS Word format. Editable and reusable.
Document Type: Microsoft Word
Last Updated: 26-January-2024
SKU: 6537
          $1.99
          Customers who bought this item also bought

          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.
          $2.29

          Term Promissory Note | Canada

          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.
          • Available in MS Word format.
          • Intended for use only in Canada.
          $1.99

          Promissory Note for Interest Only | Canada

          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.
          $2.29

          Annual Corporate Resolutions | Canada

          Prepare the Annual Resolutions of the shareholders and directors of a Canadian business corporation with this package of forms.

          • In small privately held corporations, it is common to pass Resolutions instead of holding a formal annual meeting, to deal with all the business that must be covered in the corporation's annual meeting.
          • This package is a convenient time-saver for corporate lawyers and paralegals. It contains the following template forms:
            1. Resolution of the directors appointing the corporate officers and approving the financial statements.
            2. Resolution of the voting shareholders approving the financials and electing the directors.
            3. Resolution of all of the shareholders appointing auditors or waiving the audit requirement.
            4. Cover letter to be sent by a law firm to its corporate clients, enclosing the forms and giving instructions to the client.
          • This package of Canada Annual Resolutions Forms can be used for federal companies and in Alberta, British Columbia, Saskatchewan, Ontario, New Brunswick, Nunavut, Yukon and Northwest Territories. French language translation required for Quebec.
          $12.49

          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.
          $17.99