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.
Last Updated: 14-April-2016