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A promissory note is a written promise to pay back money owed within a specific timeframe. The borrower receives the funds after the note is signed and agrees to make payments under the terms and conditions of the note.
A promissory note is a note issued by the borrower to the lender agreeing to pay money advanced to him/her. It’s a simple document with few details like; the amount of the loan, interest rate, maturity date and in case of default, penalty, and late fee charges.
Download a promissory note template to record the arrangement between a borrower agreeing to pay back the lender.
A promissory note outlines the terms of a loan agreement. It provides clear guidelines for both the borrower and lender, ensuring a fair and transparent transaction. Choose from our promissory note templates that are drafted by attorneys. Create and download promissory notes for free!
If you have agreed to a loan with someone it's useful to use a promissory note template. Download and print one that suits you.
Download a basic template (FREE) Create a customized document. What is a promissory note? A promissory note, also known as an IOU, is essentially a one-sided document with which a borrower agrees to pay a lender back for money borrowed.
Free Promissory Note Template – Adobe PDF & Microsoft Word. A promissory note is an agreement to borrow money from someone else stating specific time-periods for being paid-back along with an interest rate, late payment penalties, and any other terms the parties agree upon.