Promissory Note example template
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Do you need a Promissory Note? How do I write a simple promissory note?
This ready-made Promissory Note example template is well suited for any kind of personalized business matter. Communicating in a professional way will get you and your company respect and will bring you further in life and business.
Promissory Note
By undersigned (the "Borrower"), located hereby promises to pay to the order of (the "Lender"), located the principal sum of together with interest on the principal balance, and in accordance with the terms set forth below.
To make sure the document is complete, you should include the following:
- Full details of the lender including the name and address
- Full details of the borrower including the name and address
- The principal amount of the loan - Any interest accrued on the loan and the rate of interest
- Repayment options
- Repayment schedule
- Any additional stipulations relating to the loan such as prepayment or default of the loan
REPAYMENT OPTIONS
The Promissory Note should clearly set out the repayment schedule so that there is no question as to how and when the borrower must repay the principal amount of the loan and interest (if applicable) to the lender.
Using our ready-to-use Promissory Note Template brings you extra motivation and inspiration and gives you more time to focus on important subjects in your personalized file. We support you by providing this Promissory Note which will save you time, cost, and effort and help you to reach the next level of success in your career and business!
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