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Promissory Note template free sample

Sample
Promissory Note

USA Promissory Note



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[Free Promissory Note Documents]

USA Promissory Note

[What is a Promissory Note?]

Simply answer the questions below to personalize your Promissory Note

A Promissory Note, or loan agreement, is used to record that one party promises to pay a sum of money to another party at a later date. This obligation usually results from a loan to the promising party. Creating a Promissory Note or loan agreement is often recommended for tax and record-keeping reasons. This form is also known as: loan agreement, secured loan agreement, demand note.

This document is accurate and up to date! It was last reviewed by a lawyer in April 2014.


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Governing Jurisdiction:

This document will be governed by the laws of which nation?
(Usually the residence of the Lender)
Select a Province or Territory:
 

Borrower Details:

How many Borrowers are there?
 

Borrower's Contact Information:

Full Name:
Address Line 1:
Address Line 2: (optional)
Is this Borrower a corporation?
Yes No
 

Lender's Contact Information:

Full Name:
Address Line 1:
Address Line 2 (optional):
 

Principal Sum:

How much is being borrowed (e.g. 20,000.00)?
Select the currency:
Will this loan be subject to interest?
Yes No
Enter the interest rate, in percentage (e.g. 10.0):
The interest will be compounded:
 

Schedule of Payments:

Will payment be due when the Lender demands?
Yes No
Will payment be in a lump sum?
Yes No

Due Date:

Month:
Day of Month:
Year:
 

Pre-payment:

Are the Borrower(s) allowed to pay off the loan early?
Yes No
 

Security:

Will this loan have a security/collateral?
Yes No
 

Default by Borrower(s):

Will Borrower(s) be charged interest if payment is late?
Yes No
Enter interest rate, in percentage per year (e.g. 7.5):
 

Additional Clauses:

Do you wish to add any additional clauses?
Yes No
How many additional clauses do you wish to add?
First extra clause:
 

Signatures Required:

Will a notary public be present?
Yes No
How many witnesses will be present?
 

Date of Signing, if known:

Do you know when you will be signing the agreement?
Yes No
Month:
Day of Month:
Year: