Promissory Note for Interest Only | 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.

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.

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.

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.