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Demand Promissory Note
If you are loaning money to someone, make sure you get paid back by having them sign this Demand Promissory Note.
- A demand promissory note is a note that must be repaid in full (including all interest) when the lender demands repayment.
- Interest on the principal amount accrues at a fixed rate and is calculated monthly.
- The principal can be prepaid by the borrower at any time without a penalty or premium being charged.
- The promissory note is a legal contract. When the borrower signs it, they are making a promise to repay the loan. If they don't pay it on time, you can take legal action.
- This is a generic legal form which is not country-specific.
- Download a free copy of the Demand Promissory Note and keep it handy for the next time you make a loan to anyone.
$0.00
Interest-Free Demand Promissory Note
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.
$2.29
