Acknowledgment of Payment of Promissory Note | 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.

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.

Secure repayment of a loan with this Demand Promissory Note template for Canada.

This is a simple form of Promissory Note, which is:

• payable on demand,
• accrues interest at a specified rate, and
• can be prepaid without penalty.

You can use this Demand Promissory Note anywhere in Canada. Download the file, fill in the details and print. Use it as often as you need to.