What is a demand promissory note? How to make a Standard Promissory Note? An easy way to start your note is to download this Standard Promissory Note in Tagalog now!
The balance owing in a demand promissory note does not need to be paid until the Lender demands the repayment. In other words, the loan is repayable 'on-demand'. There is no fixed end-date for the repayment of the note. Standard Promissory Note agrees with the Philipino Borrower and promises to pay to the Lender the agreed sum of money in PHP, or other currency for value received, with interest at the annual rate of payable after (Date).
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