Promissory Note Sample Template

Promissory Note Sample Template. A Promissory Note is different than a loan agreement because it only binds one party - the Borrower. 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.

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A promissory note is a written promise issued by a borrower to a lender stating that the borrower will pay the stated amount of money at a later date. 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 doesn't repay the loan. If repayment stretches beyond the due date interest will begin to accumulate.

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This SAMPLE PROMISSORY/IOU NOTE is a simple template that can be modified to fit your specific needs.

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Sample promissory note forms with various repayment options, secured or unsecured loans and guidelines on how to compile your loan Our selection of free promissory notes and loan agreements can be downloaded instantly and used as templates or sample documents to compile your own Notes. Written to increase lender's confidence, the borrower must remember to observe the agreement as outline in a secured promissory note. A Promissory Note is somehow similar to a Loan Agreement Contract.