Balloon Promissory Note with Collateral | Canada

Write up a Balloon Promissory Note with this easy-to-use template for Canada, which requires collateral as additional security.

Payment Terms

Under this Note, the borrower agrees to make regular monthly payments toward the total amount secured. These payments will continue up to the date specified for the final payment.

Balloon Payment

On the date of the final payment, the borrower is required to make a balloon payment. This means the borrower must pay the entire remaining balance, including all outstanding principal and accrued interest, in one lump sum.

Collateral Requirement

As an added security measure, this Note requires the borrower to provide collateral. The collateral can be in the form of personal property or real estate, which further secures the lender's interest in the loan.

Format and Jurisdiction

This Balloon Promissory Note form is available as a fully editable and reusable MS Word document. It is intended to be used in Canada, and can be used in all provinces and territories. A French language version may be required for Quebec.

Document Type: Microsoft Word
Last Updated: 05-November-2025
SKU: 6543
$5.99
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