Downloadable Promissory Note Template

A real estate promissory note template word doc centers around a mortgage loan and the promise that the borrower would pay the needed mortgage sum to the mortgage lender within a specified time limit.

Downloadable promissory note template. A promissory note or promise to pay is a note that details money borrowed from a lender and the repayment structurethe document holds the borrower accountable for paying back the money plus interest if any. It is written or prepared by legal attorney bank or lending institutions. Download here real estate promissory note template. The free promissory note below is downloadable in microsoft word format.

There are 2 types of promissory notes secured and unsecured. Promissory notes are negotiable instruments that are saleable and unconditional and are used in business transactions around the world. Therefore to help business owners save time promissory note templates are available on the web for free. Printable words templates resumes templates certificate templates rental agreements and legal forms.

A promissory note form template is used to pay debt therefore it is also known as loan note agreement. It is a financial tool broadly used to document a loan or credit transaction and the borrower will be legally obligated to repay the mentioned amount of debt or loan to the lender by signing this note. Promissory note for loans to friends. In this page you will find various promissory note templates and samples.

Download free printable promissory note templates that may be written in fillable adobe pdf pdf ms word doc and rich text format rtf. If repayment stretches beyond the due date interest will begin to accumulate. Other individuals can also write a promissory not for their own use and this will be also considered as legal only if it is designed according to specific information. A blank promissory note template allows a borrower and lender to make an agreement over the terms and conditions of a loantypically the negotiated items are the interest amount when money is to be paid back and if the note will be secured by property or an asset.

It is designed for an unsecured loan and it requires that you calculate the amortization repayment schedule interest and payment schedule. Promissory note template a promissory note template is a legal document containing a written promise to pay a specific amount of money to a certain individual at a particular date as well as agreed terms and conditions. Once this form is signed with both parties present it becomes legal but is advised that all payments and notifications be copied and saved for each persons records. Free promissory note back to previous page.