Promissory Note Examples Templates

Promissory notes are written agreement that specifies how borrowed loans.

Promissory note examples templates. This sample promissory note also available in microsoft word pdf and plain text downloadable files spells out how and when you are to be paid and what happens if the borrower doesnt repay the loan. Aside from your name as the maker of the promissory note you should also clearly and correctly write the full name of the payee which is the person or the entity whom you borrowed money from. In this legal document one party promises to pay another involved party specific sum of money on mentioned time date or on demand. How to modify the template.

You may also check out case note examples. Promissory notes are governed by article iii of the uniform commercial code the ucc. A promissory note is just a simple promise made by the debtor to the creditor to pay off the debts or credit they have taken. Browse through the list for the kind of promissory note you are looking for.

Scroll to the bottom for a blank repayment schedule that you can fill in. A promissory note or promise to pay is a note that details money borrowed from a lender and the repayment structure. How to use our promissory note templates. For a more detailed loan an in depth loan agreement can be used.

This sample promissory note also available in microsoft word pdf and plain text downloadable files spells out how and when you are to be paid and what happens if the borrower doesnt repay the loan. The list features a wide array of promissory notes whether you are addressing it to a bank a school a business entity or your next door neighbor. Download these 43 free promissory note samples templates in ms word and pdf format to study and prepare your own promissory note comprehensively. One can use promissory note template word when giving away money to a family member or any other person for short period of time.

The sample promissory note below details an agreement between the borrower jonathan m hunt and the lender erika t haynes jonathan m hunt agrees to pay the principal amount of 1000 usd to erika t haynes under the terms specified. As the name promissory note suggests it is a writing that shows a promise to fulfill an obligation. You fill out a form. This agreement contains a payer who is actually the maker of the promissory note and the payee who is the lender.

There are 2 types of promissory notes secured and unsecured. The document holds the borrower accountable for paying back the money plus interest if any. A promissory note is a short succinct document for a loan. The document is created before your eyes as you respond to the questions.