Promissory Note Forms
Loaning money to someone? Selling a business or property on payment terms? Make sure you get paid - get the borrower or buyer to sign one of these Promissory Note Forms.
A promissory note is a promise by the borrower to pay back the money at the agreed rate of interest by a specified date. Once it is signed, it is a legally binding contract. Some jurisdictions require a promissory note to be executed in front of a notary.
Polonius said 'Neither a borrower nor a lender be. For oft loan loses both itself and friend.' Good advice! However, if you do plan to lend money to anyone (including family and friends), then put it all in writing and signed before you hand over a penny. Otherwise you run a very significant risk of never seeing your money again.
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Promissory Note for Asset Purchase or Rollover | Canada
Secure the balance payable to the vendor under an asset purchase or rollover agreement with this Promissory Note form for Canadian businesses.
- No interest will accrue on the principal balance prior to default or maturity.
- The full amount outstanding will become due and payable on demand if the purchaser declares bankruptcy, ceases to do business, or otherwise defaults under the terms of the Note.
- The balance may be totally or partially prepaid without bonus or penalty.
- Available in MS Word format.
- Intended to be used only in Canada.
$6.29
Promissory Note for Family Loan Payable From Estate
Prepare a Demand Promissory Note for a loan payable from a family member's estate with this easy-to-use template form.
- This type of Promissory Note would typically be used to secure loans between close family members, such as a loan from a parent or grandparent to a child or grandchild.
- Only the lender can demand payment.
- The borrower agrees to repay the entire loan within a specified time following the lender's death or, at the option of the lender's executors, the loan amount may be deducted from the borrower's share of the lender's estate.
- This is a generic legal form which can be used anywhere.
$2.29
Promissory Note for Interest Only
Secure the repayment of a loan with this Promissory Note form for interest payments only.
- The Note allows the borrower to make payments against interest only, with no payment to be made against the principal amount until a date set out in the Note.
- Interest payments are made in arrears, on regularly scheduled payment dates.
- The borrower can repay the principal amount of the loan at any time without having to pay a prepayment penalty.
- This Promissory Note for Interest Only template is generic (not country specific) and is easy to fill in with all the specifics of your transaction.
$2.49
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
Promissory Note for Interest Only | USA
Secure the repayment of a loan with this USA Promissory Note for Interest Only.
- This form of Note allows the borrower to make payments against interest only, with no principal to be repaid until the date specified in the Note.
- Interest payments are made in arrears, at regularly scheduled dates.
- Principal may be repaid at any time without a penalty (fee) being charged.
- This USA Promissory Note for Interest Only template is in MS Word format, and can be edited as necessary to include all the specifics of your transaction.
$2.29
Promissory Note for Interest-Free Loan | 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.
$2.49
Promissory Note for Multiple Advances | Canada
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.
$2.49
Promissory Note with Collateral Charge on Land | Canada
Are you lending a large sum of money? Have the borrower put up land as collateral with this Promissory Note with Collateral Charge on Land, for use in Canada.
- The collateral charge on the land is held by the lender as additional security for repayment of the principal amount under the Note.
- Interest on the balance is a floating rate, calculated based on the then-current prime lending rate of the lender's bank.
- The outstanding balance may be prepaid by the borrower without penalty (no prepayment premium or fee will be charged).
- This legal document template is available in MS Word format and is easy to download, fill in with your details, and print.
- Governed by Canadian laws and intended for use in Canada.
$2.29
Promissory Note with Guarantee | Canada
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.
$6.29
Promissory Note with Guarantee | USA
If you are loaning money to a person or a company, secure your interest with this USA 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, if the borrower fails to make the payments when due.
- 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.
- Available in MS Word format.
- Intended to be used only in the United States.
$6.29
