Legal Forms
Promissory Note
1. Promise to Pay
This Promissory Note is made on , 20, between ("Lender") and ("Borrower"). For value received, Borrower promises to pay Lender the principal sum of $.
2. Loan Terms
Principal Amount ($)
Interest Rate (%)
Maturity Date
Late Fee ($)
3. Repayment
Borrower shall repay this Note in full on or before the maturity date shown above, or in installments of $ due on the day of each month until paid.
4. Prepayment
Borrower may prepay in full or in part at any time without penalty
Prepayment is not permitted without Lender consent
Confidential ยท Legal FormsPromissory Note