Promissory Note Free Template

Here is our collection of 17 free promissory note templates that you can use to record a loan transaction officially or unofficially.

Promissory note free template. Blank promissory note templates download free printable promissory note templates that may be written in fillable adobe pdf pdf ms word doc and rich text format rtf. In this legal document one party promises to pay another involved party specific sum of money on mentioned time date or on demand. The note is a written statement by the borrower to promise to pay back the funds within a specific time frame and interest rate. This note will assist the parties like a negotiable tool which usually includes some crucial terms of written promise.

As it is a proper legal document and not just a piece of paper so it is enforceable by law. One can use promissory note template word when giving away money to a family member or any other person for short period of time. Promissory notes are negotiable instruments that are saleable and unconditional and are used in business transactions around the world. Therefore to help business owners save time promissory note templates are available on the web for free.

A promissory note template is also demonstrated as a financial instrument which served as a biding between two or more parties. These promissory note templates are simple to use and have everything in it that you might need to keep up on the transaction. For official documents please consult to your attorney as well. The terms associated that is related with this commercial instrument contain principal amount interest rate parties to the note date terms of payment maturity date and sometime rights of the payee in case of any dispute.

There are 2 types of promissory notes secured and unsecured. These word templates are useful when parties involving in a loan transaction don t know how to document it for later use or reference. Download free promissory note templates. 50 free useful promissory note templates ms word pdf written by aadi.

Blank promissory note template 12 free word excel pdf format download lending sounds like an excellent deal but there must be rules to govern this activity rules acceptable between you and the borrower. In the business world a verbal promise is.