Balloon Promissory Note with Collateral | Canada

Overview

This easy-to-use Balloon Promissory Note template is specifically designed for use in Canada and includes a provision requiring collateral as additional security. The form is suitable for any province or territory within the country.

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.

How to Access the Template

To obtain this digital legal form, simply add the Balloon Promissory Note template to your shopping cart, complete the checkout process, and download the template immediately after your purchase.

Document Type: Microsoft Word
Last Updated: 17-September-2025
SKU: 6543
$5.99
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