Free Promissory Note Templates

A blank promissory note is a written document that gives the borrower s intention of paying some specified amount of money to the lender at a given indicated time though it does not identify the assignee on its contents.

Free promissory note templates. Here is our collection of 17 free promissory note templates that you can use to record a loan transaction officially or unofficially. For official documents please consult to your attorney as well. Download a free promissory note template below. Use this document if you want the borrower to agree to give up property like jewelry cars businesses or stocks if they fail to pay back the loan.

Therefore to help business owners save time promissory note templates are available on the web for free. You can choose to make it either secured or unsecured. A promissory note or promise to pay is a note that details money borrowed from a lender and the repayment structure the document holds the borrower accountable for paying back the money plus interest if any. A promissory note must include the term promissory note in the body of the note.

There are 2 types of promissory notes secured and unsecured. As it is a proper legal document and not just a piece of paper so it is enforceable by law. 50 free useful promissory note templates ms word pdf written by aadi. A promissory note is a simple legal document in which a person undertakes to pay a particular debt.

Download free promissory note templates. These word templates are useful when parties involving in a loan transaction don t know how to document it for later use or reference. There is no fixed template for a promissory note. 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 loan promissory note is a legally binding document and the promissory will be penalized if he or she defaults paying the amount at as specified in the note. Download free printable promissory note templates that may be written in fillable adobe pdf pdf ms word doc and rich text format rtf. Free promissory note template adobe pdf microsoft word. Free promissory note form.

Promissory notes are negotiable instruments that are saleable and unconditional and are used in business transactions around the world. The note is a written statement by the borrower to promise to pay back the funds within a specific time frame and interest rate. Although there are certain items that the promissory note must necessarily contain.