Promissory Note Forms

This Acknowledgement of Payment form confirms that a promissory note has been paid in full.

• This form should be signed by the lender when the full amount of the loan has been paid.
• Available as a free downloadable MS Word document.
• This form is intended for use in Canada.

Because a balloon mortgage does not amortize over its term, the borrower has to pay a balance at the end of the loan term. Use this Promissory Note template to set out the conditions covering repayment of the mortgage loan.

• The borrower agrees to make monthly payments against the balance, until the date of the final payment.
• The final payment will be a balloon payment which will pay the full amount of principal and interest outstanding at that date.
• The Note is secured by a mortgage on the borrower's property.
• This is a generic legal template which is not specific to any country, state or province.
• Purchase and download the Balloon Mortgage Promissory Note form, use it as often as you need to.

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.

Write up a Balloon Promissory Note with this easy-to-use template for Canada, which requires collateral as additional security.

• The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
• The final payment will be a balloon payment, which is a payment in full of the entire balance of principal and interest outstanding at that date.
• The Note has an additional provision requiring the borrower to put up personal property or real estate as collateral for the loan.
• This digital legal form can be used in any Canadian province or territory.

Add the Balloon Promissory Note form to your shopping cart, check out and download the template immediately after purchase.

Use this Balloon Promissory Note form in situations where the borrower is required to provide additional collateral besides the property being mortgaged.

• The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
• The final payment will be a balloon payment (in other words, a payment in full of the entire balance of principal and interest outstanding at that date).
• The note has an additional provision requiring the borrower to put up personal property or real estate as additional collateral security.
• This is a generic legal form which is not specific to any country, state or province.
• This template is available in MS Word format and is fully editable to meet your needs.

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.

This Installment Promissory Note form is for a loan that is backed by collateral belonging to the borrower.

• The template is for use in Canada only.
• The principal and interest will be repaid by a series of regular fixed (non-variable) installment payments.
• The borrower has the option to prepay the Note, but the lender will charge a prepayment premium (fee) if the loan is paid out before the due date.
• If the borrower defaults in making a payment or becomes bankrupt or insolvent, the entire balance together with interest becomes immediately due and payable.
• If the borrower defaults, the lender has the right to sell the collateral privately or through public auction.

To download the Canada Installment Note with Prepayment Fee, put it in your shopping cart and go through the checkout. You'll be automatically taken to the download page where you can download the form.

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.

Secure repayment of a loan with this Demand Promissory Note template for Canada.

This is a simple form of Promissory Note, which is:

• payable on demand,
• accrues interest at a specified rate, and
• can be prepaid without penalty.

You can use this Demand Promissory Note anywhere in Canada. Download the file, fill in the details and print. Use it as often as you need to.

Draw up a Grid Promissory Note for multiple advances with this customizable template.

• The Grid Note is made as security for a lending agreement between the borrower and the lender.
• This form of Note is often used to secure a loan where more than one advance of loan proceeds would be made, such as construction financing.
• This is a generic legal form which can be used anywhere.
• The Grid Promissory Note for Multiple Loan Advances template is easy to download, fill in with your details, and print.

Do you sell goods on credit and allow your customers to pay in installments? Secure the outstanding balance on their account with this Installment Promissory Note for Purchase of Goods.

• The maker of the Note (customer) agrees to repay the secured amount by a series of installment payments against the principal and interest due under the Note.
• The supplier (holder of the Note) retains title to the goods until the balance is completely paid.
• The holder has the right to assign the Note to a third party.

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.

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.

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.

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.

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.

Prepare a Notice of Default on Note and Demand for Payment with this easy-to-use form.

• The Notice of Default is given by a creditor who holds a promissory note, to a debtor who has defaulted on an installment payment under the note.
• The creditor demands that the debtor immediately pay the outstanding amount owing on the note.
• Buy the form, download, fill in the blanks, print - use it as often as you like.
• This Notice of Default on Note and Demand for Payment form is a generic template (not country-specific) and is fully editable.

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.

If you are loaning money to a family member or close friend, you can secure the loan with this Promissory Note to be Forgiven on Death.

• This promissory note template provides that the balance outstanding on the loan will be forgiven when the lender dies.
• The borrower agrees to make monthly payments against the loan secured by the promissory note.
• The borrower can prepay the full amount at any time without paying a prepayment penalty.
• If the lender dies before the loan is completely repaid, any balance remaining unpaid at that time is forgiven.
• This Promissory Note to be Forgiven on Death of Lender form is a downloadable MS Word file which can be used anywhere.

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.
• This is a generic legal form which can be used anywhere.
• You can download the form immediately after purchasing it.

Secure the balance payable to the vendor under an asset purchase or rollover agreement with this Promissory Note form for Canadian businesses.

• No interest will accrue on the principal balance prior to default or maturity.
• The full amount outstanding will become due and payable on demand if the purchaser declares bankruptcy, ceases to do business, or otherwise defaults under the terms of the Note.
• The balance may be totally or partially prepaid without bonus or penalty.
• Available in MS Word format.
• Intended to be used only in Canada.

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.
• This is a generic legal form which can be used anywhere.

Secure the repayment of a loan with this Promissory Note form for interest payments only.

• The Note allows the borrower to make payments against interest only, with no payment to be made against the principal amount until a date set out in the Note.
• Interest payments are made in arrears, on regularly scheduled payment dates.
• The borrower can repay the principal amount of the loan at any time without having to pay a prepayment penalty.
• This Promissory Note for Interest Only template is generic (not country specific) and is easy to fill in with all the specifics of your transaction.

Secure the repayment of a loan made in Canada with this Promissory Note for Interest Only.

• This form of Note allows the borrower to make payments against interest only, with no payments to be made against the principal amount until the date specified in the Note.
• Interest payments will be made in arrears, at regularly scheduled dates.
• The principal may be repaid at any time without a penalty (fee) being charged.
• This template is in MS Word format and can be edited as necessary to include all the specifics of your transaction.
• Intended for use only in Canada.

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.

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.

This downloadable Grid Note (also called a Term Note) can be used to secure multiple advances of loan proceeds.

• The form can be used anywhere in Canada.
• The Note covers multiple advances or stages of funding under a lending agreement between the borrower and the lender.
• This form of Note is commonly used for construction financing, where more than one advance of loan proceeds would be made.
• Provided in MS Word format, easy to download, fill in with your details, and print.

Are you lending a large sum of money? Have the borrower put up land as collateral with this Promissory Note with Collateral Charge on Land, for use in Canada.

• The collateral charge on the land is held by the lender as additional security for repayment of the principal amount under the Note.
• Interest on the balance is a floating rate, calculated based on the then-current prime lending rate of the lender's bank.
• The outstanding balance may be prepaid by the borrower without penalty (no prepayment premium or fee will be charged).
• This legal document template is available in MS Word format and is easy to download, fill in with your details, and print.
• Governed by Canadian laws and intended for use in Canada.

Are you loaning money to a person or a company in Canada? Secure your interest as a creditor with this 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.
• 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.
• This form is available as a downloadable and fully customizable MS Word file.
• Intended for use only in Canada.

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.

Set up a series of monthly payments for a borrower under a Promissory Note with this template form for Canada.

• The principal and interest are to be repaid in equal monthly installments.
• Interest is calculated and compounded monthly.
• Any amount of principal and/or interest not paid on time bears interest at the same rate as the loan balance.
• You can use this legal form template anywhere in Canada except the Province of Quebec.
• This form is downloadable, editable and reusable.

When you lend money, be sure you get paid back. Get the borrower to sign this Promissory Note form for Canada.

• This is a Canadian legal form that can be used anywhere in Canada. Quebec law may require a French language version.
• The borrower agrees to repay the debt in equal monthly payments of combined principal and interest, with the balance due on the maturity date specified in the Note.
• The borrower has the option to prepay the outstanding balance at any time without penalty. No early payment fee or premium will be charged.
• Available in MS Word format. Editable and reusable.

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.

Encourage your employees to buy stock in the company by loaning them the money to purchase option shares, and secure the loan with this Purchase Money Promissory Note for Employee Share Purchase.

• Interest will be calculated and paid monthly.
• Set-Off. The amount due under the Note is subject to set-off for bonus compensation and other amounts payable by the corporation to the employee.
• Security Interest.The employee grants the company a continuing security interest in the option shares.

If you are selling a real estate property and allowing the buyer to pay part of the purchase price over time, secure payment of the outstanding balance with this Purchase Money Promissory Note.

• The buyer will pay off the balance of the purchase price in regular installments, rather than having to come up with all of the purchase money in order to close the sale.
• The Note contains an acceleration clause, meaning if the maker defaults in a payment, the entire balance together with interest becomes immediately due and payable.
• Get the Purchase Money Promissory Note signed at the same time that the other documents for the real estate purchase are executed by the buyer.

Secure the repayment of a loan with this Term Promissory Note template for Canada.

• The Note allows the borrower to repay the loan amount in regular payments of blended principal and interest.
• The interest is calculated monthly and compounded yearly.
• This is a reusable legal form. Buy it, download it, re-use it as often as you require.
• Available in MS Word format.
• Intended for use only in Canada.

Before you lend someone money, even if it's someone you know really well, you should have them sign a promissory note - like this downloadable Demand Promissory Note form.

• This is a simple form of Note that can be used throughout the United States.
• The note is payable on demand.
• The debt can be prepaid at any time without any prepayment penalty being charged.
• Simple interest is charged on the outstanding balance.

A Promissory Note is exactly what it sounds like - a promise to pay - and it's enforceable in court. Download the form right after you purchase it.

Get this USA Demand Promissory Note signed by a borrower to whom you are making an interest-free loan.

• You can use this form in any U.S. state.
• This is the kind of Promissory Note in connection with any loan for which no interest is being charged.
• No bonus or penalty will be charged if the borrower repays the loan early.

To download the Promissory Note form, add it to your cart and check out using your preferred method of payment.

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.

This customizable Promissory Note is signed by a borrower in connection with a Revolving Loan Agreement 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.

Download the USA Revolving Loan Promissory Note form for your credit officers.