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.
Document Type: Microsoft Word
Last Updated: 29-October-2024
SKU: 230
$2.29
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Promissory Note (Regular Payments, No Interest)

This promissory note template is made by a borrower to secure an interest-free loan to be repaid by regular payments.

  • The Promissory Note allows the borrower to repay the loan in monthly, weekly, or bi-weekly payments.
  • No interest will be charged on the outstanding loan balance. The borrower will only be repaying the principal amount.
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Promissory Note for Interest-Free Loan | Canada

Sometimes when you lend money, you may decide not to charge interest. But you still need to get a promise from the borrower to repay the loan. Get the borrower to sign this Demand Promissory Note for principal only.

  • This form is only for use in Canada. It can be used in any province or territory except Québec.
  • This type of Promissory Note is most commonly used when the loan is between two persons who have a close relationship, such as family members.
  • Because no interest is being charged on the loan, the borrower is only required to pay back the principal amount of the loan.
  • The Demand Promissory Note for an interest-free loan is a digital download in MS Word format.
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  • This customizable legal template is governed by the laws of the United States.
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  • The borrower has the option of selecting an interest period of more than one month's duration (up to but not including the next interest payment date).
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  • The borrower may elect to have more than one interest period outstanding at any one time, provided that no interest period extends beyond the maturity date.
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Don't sell a vehicle to a buyer with the price to be paid over time unless you get them to sign this Promissory Note for Vehicle Purchase.

  • This form is for vehicle sales in the United States only.
  • The Promissory Note includes two interest clauses, one for annual interest at a specified rate and one for no interest. Use the one that best fits your situation.
  • If the title is transferred to the buyer, the seller has a lien on the vehicle until the balance is paid in full.
  • The buyer can prepay the outstanding balance at any time without paying a penalty.
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  • Available in MS Word format.
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  • Only the lender can demand payment.
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Transfer ownership of a real estate property in Texas from a seller to a buyer with this Warranty Deed with Vendor's Lien.

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Transfer title of a Texas real estate property from a seller to a trustee with this Texas Deed of Trust form.

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