Promissory Note for Interest Only

Document a loan and protect your rights as a creditor in Canada with this easy-to-use Demand Promissory Note form which provides for floating interest rate.

• Interest is calculated based on the current prime lending rate of the lender's bank.
• The loan can be prepaid at any time without penalty or premium.
• The form can be easily filled in and printed for signature. Use it as many times as you like.
• This a Canadian legal form template that can be used in any part of the country. A French language version may be required for the Province of Quebec.

To get the Demand Note form, add it to your cart and go through the checkout. Once the transaction is processed, you'll be automatically directed to the download page to get your form.

Secure repayment of an interest-free loan with this downloadable Demand Promissory Note for principal only (no interest).

• This type of Promissory Note would most commonly be used when the borrower and the lender have a close relationship, such as family members, when no interest would be charged on the loan balance.
• The form is a generic template which can be used anywhere.
• This Demand Promissory Note with No Interest form is available in MS Word format and is easy to use. Just download, fill in with the details of the transaction, and print.

If you are offering a line of credit to a customer, secure your interest with this Line of Credit Promissory Note form.

• The Note allows for multiple advances, up to a specified maximum amount.
• Interest on the secured amount is simple interest, accruing monthly.
• The Note is secured by a mortgage on the Borrower's property.
• There is no prepayment penalty.
• This is a generic legal template which is not specifically written for any country, state or province.
• This form is provided in MS Word format and is easy to customize.

This form of Installment Promissory Note provides for fixed non-variable payments and a prepayment fee if the loan is paid out early.

• This legal form template can be used anywhere in the United States.
• The Note is secured by collateral belonging to the borrower.
• The borrower promises to repay the debt by a series of regular fixed installment payments.
• If the borrower elects to pay the debt earlier than the due date, the lender will charge a prepayment premium (fee).
• The Note contains an acceleration clause. If the borrower defaults in making a payment when it is due or becomes bankrupt or insolvent, the entire balance together with interest becomes immediately due and payable.

As a lender, your loan paperwork can be much easier to prepare if you download this USA Installment Note template. Add it to your cart and check out.