Microsoft Word Promissory Note Template

For official documents please consult to your attorney as well.

Microsoft word promissory note template. There are 2 types of promissory notes secured and unsecured. The promissory note acts as an agreement between the borrower as well as the lender. These word templates are useful when parties involving in a loan transaction dont know how to document it for later use or reference. The promissory note template is a legal document which is of extreme importance.

Here is a promissory note template that might be used to sign an agreement or contract with you. Here is our collection of 17 free promissory note templates that you can use to record a loan transaction officially or unofficially. In this legal document one party promises to pay another involved party specific sum of money on mentioned time date or on demand. It is basically an agreement between the debtor and money lender.

The following promissory note template is just devised to be used in such situations. The promissory note template is a type of business template that can be used as multipurpose template. By using these promissory note templates you are letting each person involved in the transaction know that it is a serious transaction and that payment needs to be paid back at the time specified. A promissory note refers to a legal document that covers the agreed statements that the borrower promises to pay the lender a certain amount of money in the future.

The promissory note is a part of the loan settlement and is often being signed by the borrower in order to promise of paying certain amount of interest along with the principal loan amount. This fabulous template can guide you by providing a sample promissory note and can also let you structure your own by going through the process of editing. It contains essential details such as the terms and conditions interest rates payment dates and the names of the lender and borrower. 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.

It can be considered as a financial instrument which guarantees that the debtor would pay the certain amount mentioned on the promissory note to the lender with a specific duration of time. Free promissory note template adobe pdf microsoft word. Promissory note templates these promissory note templates are simple to use and has everything in it that you might need to keep up on the transaction. 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.