19+ Promissory Note Examples in PSD | MS Word | Pages | Google Docs | PDF

There are many documents, letters, and notes one can use for specific things, contexts, and purposes that will legally bind a person. A promissory note is a legal document example one can use to ensure that a person will pay back the specific amount of money the specific person or entity has lent to them.

19+ Promissory Note Examples

1. Promissory Note With Acknowledgement Template

2. Demand to Pay Promissory Note Example

3. Collection Letter Following Promissory Note Example

4. Request for Extension of Time on Promissory Note Template

5. Promissory Note with Acceleration Clause Template

6. Example of Promissory Note Line of Credit Template

7. General Promissory Note Template Example

8. Demand for Payment on Installment Promissory Note Template

9. General Promissory Note Template

10. Sample Secured Promissory Note Agreement

11. Home Buyer Assistance Loan Promissory Note

12. Commercial Promissory Note

13. Secured Non-Recourse Promissory Note

14. Promissory Note Example

15. Promissory Note Secured by Deed of Trust

16. Deferred Payment Loan Promissory Note

17. Assignment of Secured Promissory Note

18. Loan Agreement Promissory Note

19. Secured Convertible Promissory Note

20. Promissory Note in DOC

What Is a Promissory Note?

A promissory note is a type of document in which a person will create a legal document that will act as a promise to pay a specific amount that was lent to them. The tone and content will be matter-of-fact and will legally bind the person as a way to protect both the lender and the borrower. The promissory note also acts as a reminder for your payment and may help pace out your investment strategy.

Step 1: Obtain or Use a Promissory Note Outline

Begin by obtaining or using a promissory note outline or outline format to help provide the minute legal details of the promissory note. Be sure to read the details in the outline or have a lawyer edit or proofread the promissory note.

Step 2: Indicate the Lender and the Borrower

You must indicate the name of the lender and the borrower on the promissory note. This will help ensure that the document will protect both the lender and borrower.

Step 3: Note Down the Principal Amount and Principal Interest

You must note down the principal amount and interest in the promissory note. This will ensure that the value is properly placed and noted down with proper interest to accompany it. 

Step 4: Indicate the Date of Maturity

The date of maturity is the specific date when the borrower must bring back the specified amount to the lender. The date placed can be extended if both parties agree to the extension.

FAQs

A promissory note is a type of document a person makes when they will promise to pay out a specific loan from the lender. This type of document will protect both the borrower and the lender with specific bylaws to ensure that both parties are satisfied with the overall terms.