UNITED STATES
Never loan money - not even to family - without getting a Promissory Note from the borrower. Some of these forms are State-specific, but most of these downloadable templates can be used anywhere in the United States or its territories.
Loaning money to family and friends can often be a recipe for disaster. Even with an IOU or promissory note, sometimes the borrower will fail to repay the debt, and you will have to decide whether you should sue them for the money. If you do take them to court, your signed promissory note is proof that you made the loan, and that the borrower promised to repay it on the terms agreed to in the note.
But often the actual signing of a legal document makes the transaction more business-like, more like dealing with a bank. That in itself can act as a catalyst to ensure that the borrower makes the payments on time and honors the terms of the loan, especially when the borrower considers that you have a signed promise from him / her to repay the debt which will stand up as evidence in court.
Balloon Mortgage Promissory Note | USA
USA mortgage lenders, prepare a Balloon Mortgage Promissory Note with this downloadable template.
- The borrower agrees to make monthly payments against the secured amount, until the date of the final payment.
- The final payment will be a balloon payment (payment in full of the entire balance of principal and interest outstanding at that date).
- The Note is secured by a mortgage on the borrower's property.
- Available in MS Word format.
- Intended for use only within the United States.
Installment Note with Confession of Judgment | USA
USA lenders, secure repayment of a loan with this Installment Promissory Note and Confession of Judgment form, which allows the borrower to repay the debt in regular installments.
- In the event that the borrower defaults in payment, the borrower authorizes any attorney or official of the court to enter judgment by confession against the borrower.
- The Note contains an acceleration clause, so that if the borrower defaults in a payment under the Note, the entire balance together with interest becomes immediately due and payable.
- This installment note makes it easier for the borrower to repay the debt by breaking it up into equal payments.
- Available in MS Word format. Download the form immediately after purchasing it.
- Intended to be used only within the United States.
Mississippi Balloon Promissory Note
Secure the repayment of a loan in Mississippi with this easy template Balloon Promissory Note.
- The borrower agrees to make a series of equal monthly payments against the secured amount, until the date of the final payment which will be a balloon payment, i.e. payment in full of the entire balance of principal and interest outstanding at that date.
- The borrower may make additional payments in addition to the monthly installments by paying a prepayment penalty, which will be reduced each year of the term of the Note.
- Any finance charges payable to the lender will conform to the usury laws of the State of Mississippi.
Add the Balloon Promissory Note to your shopping cart and pay for it via the secure checkout. Then download it, fill it in, print it and get it signed.
Mortgage Note | USA
This Promissory Note form is for loans that are backed by a mortgage against the borrower's real property.
- You can use the template in any U.S. state.
- There is no prepayment penalty or premium if the borrower prepays the loan in whole or in part.
- If the borrower defaults under the note or the mortgage, the borrower promises to pay interest at the highest rate allowed by law.
- The borrower will pay any collection costs incurred by the lender, including reasonable legal fees.
- Intended to be used only in the United States.
- Available in MS Word format.
Multistate Fixed Rate Note (Biweekly) | USA
Prepare a Promissory Note for a mortgage loan to be paid in biweekly payments with this USA Multistate Fixed Rate Note template.
- This form can be used in most U.S. states.
- The borrower promises to pay the principal amount of the loan, plus interest and any late charges or loan fees that the lender is allowed to charge.
- Loan payments will be made every two weeks and will be applied first to late charges (if any), then to accrued interest, and the remainder to pay down the principal.
- If the borrower fails to make the payments on time, the lender has the right to terminate the bi-weekly payments and demand that the payments be made on a monthly basis instead.
- The Note can be used as security for a loan in connection with a mortgage, a deed of trust or a security deed.
- Available in MS Word format.
Plain Language Promissory Note | USA
USA lenders, secure repayment of a loan with this Plain Language Promissory Note.
- The Promissory Note form is drafted in language that is clear, concise, and easy for a borrower to understand.
- The principal and interest are to be repaid by a series of equal monthly installment payments.
- Any amount of principal and/or interest not paid on time bears late charges calculated as a percentage of the overdue payment amount.
- The template is not State-specific and can used anywhere in the United States.
- This is a downloadable and customizable legal form template in MS Word format.
Promissory Note for Interest Only | USA
Secure the repayment of a loan with this USA Promissory Note for Interest Only.
- This form of Note allows the borrower to make payments against interest only, with no principal to be repaid until the date specified in the Note.
- Interest payments are made in arrears, at regularly scheduled dates.
- Principal may be repaid at any time without a penalty (fee) being charged.
- This USA Promissory Note for Interest Only template is in MS Word format, and can be edited as necessary to include all the specifics of your transaction.
Promissory Note with Guarantee | USA
If you are loaning money to a person or a company, secure your interest with this USA Promissory Note and Guarantee.
- The borrower agrees to pay the secured amount by monthly payments (not necessarily equal payments).
- The Note includes a guarantee of payment by a guarantor, if the borrower fails to make the payments when due.
- The guarantor also agrees to ensure that the creditor receives a monthly installment payment equal to a specified percentage of the guarantor's net revenue.
- Available in MS Word format.
- Intended to be used only in the United States.
Promissory Note, Settlement Agreement and Guaranty | USA
Settle a past debt and get a promise for payment with this downloadable USA Promissory Note, Settlement Agreement and Personal Guaranty.
- This legal document is really three documents in one:
- Under the promissory note section, one party promises to pay the other party a settlement amount by making a series of payments. The date and amount of each payment are set out in a table.
- Under the terms of the Settlement Agreement, the two parties set out their respective claims for amounts owed by one to the other for invoices, set-offs, etc.
- Under the Personal Guaranty, a guarantor guarantees payment of the settlement amount. The guaranty is reduced against the guarantor with each payment made under the Settlement Agreement.
- The agreement is governed by the laws of the United States and is intended for use only within the USA.
- Available in MS Word format.
Revolving Loan Promissory Note | USA
Create a promissory note for repayment of a revolving loan with this customizable template for credit facilities.
- The Note is secured by a Security Agreement.
- The entire loan amount plus interest becomes payable if an event of default occurs.
- The prevailing party in a legal action is entitled to costs, including reasonable attorneys' fees.
- The Note can be used throughout the United States.
- Available in MS Word format, reusable and fully editable.
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