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Promissory Note

General Info
Parties
Terms
Miscellaneous
Signing Date
Print/Download

Loan Amount & Date

Loan amount:

$

Will interest be charged?

Yes No

The interest will be:

compounded

Loan Date:

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Repayment

How will the loan be repaid?

A single payment Regular payments

When will the money need to be repaid?

By a specific date Upon notice to repay

Repayment date:

After notice is provided, the borrower has days to repay.

Will all payments be an equal amount?

Yes No, there will be a larger final payment

Will the payments go toward both the interest and original loan amount?

Yes No, payments will go toward interest only

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Frequently Asked Questions

What is a compound interest?

What is a compound interest?

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.

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