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: 23-May-2021
SKU: 230
$2.29
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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.
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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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Term Loan Agreement | USA

Write up a Term Loan Agreement for a borrower using this downloadable template form.

  • This customizable legal template is governed by the laws of the United States.
  • The borrower has the option to pay all or part of the term loan on any interest payment date, without premium or penalty, provided that a specified minimum prepayment amount is paid.
  • 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).
  • If the borrower fails to properly notify the lender, the interest period will automatically be set at one month's duration.
  • 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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Picture of Promissory Note for Vehicle Purchase | USA

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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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Prepare a Demand Promissory Note for a loan payable from a family member's estate with this easy-to-use template form.

  • This type of Promissory Note would typically be used to secure loans between close family members, such as a loan from a parent or grandparent to a child or grandchild.
  • Only the lender can demand payment.
  • The borrower agrees to repay the entire loan within a specified time following the lender's death or, at the option of the lender's executors, the loan amount may be deducted from the borrower's share of the lender's estate.
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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.
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