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Promissory Note Template – 20+ Free (For Word, PDF)

A promissory note details the total quantity of money or capital that is loaned, payment timeline, and interest rate charged. These conditions must be addressed in the promissory note and thereafter signed by the parties involved. In this regard, a promissory note meets all the elements of a legally binding contract. One of the risks associated with promissory notes is that the buyer of the promissory note may not get returns from investing in it and total investment loss is possible. The issuer may not generate enough cash to cater for the interest payment, he/she may default. To understand the format, a look at a simple promissory note template you will notice the parties should fill the following details: names of both issuer and buyer, date, location and signatures of both parties.

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Here are some templates to help you.

Loan Promissory Note Template

It is a promise to pay a loan made by the borrower. It is a financial tool, and it shows the amount of cash the borrower should pay inclusive of interest at a future date. Just like any other promissory note, the parties will fill details as required, this is important for future reference.

Loan Promissory Note Template
wsba.org


Used in the buying and selling of vehicles whereby, vehicle repossession happens in case the borrower does not fulfil the terms of the contract. Parties will fill similar details as seen with other types of promissory notes. It could also be a type of secured promissory note.

Vehicle Promissory Note Template

Vehicle Promissory Note Template
colorado.gov


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Secured Promissory Note Template

Secured Promissory Note Template
cironline.org


Mortgage Promissory Note Sample

Mortgage Promissory Note Sample
translegal.com


Release of Promissory Note Template

Release of Promissory Note Template
carrolllibrary.org


for Corporate Reimbursement

Promissory Note for Corporate Reimbursement
newhaven.edu


Unsecured Promissory Note Template

Unsecured Promissory Note Template
oag.ca.gov


Promissory Note Template PDF

Promissory Note Template PDF
slowmoneymaine.org


Printable Blank Promissory Note

Printable Promissory Note Template
wkblaw.com


Promissory Note On Demand

Promissory Note On Demand
unknown


Promissory Note in PDF

Promissory Note Template in PDF
register.shelby.tn.us


Interest Promissory Note Template

Interest Promissory Note Template
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Fillable Blank Note Template

Fillable Promissory Note Template
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Promissory Note Sample

Promissory Note Sample
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It is a legally binding agreement, and it is between the lender and borrower. Details included in this note include amount borrowed, personal information of borrower and payment terms. It is made on borrower’s ability to pay, secured via something of value like a house.

Secured Promissory Note in Word

Secured Promissory Note Template Word
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It is similar to a secured promissory note, however it is a note secured through something of value. The similarity is through the details parties involved fill. These include names and signatures, date, state, amount of cash involved, and a witness signature.

Simple Promissory Note Template

Promissory Note Template Word
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Simple Promissory Note

Simple Promissory Note
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Promissory Note for Deed of Trust

Promissory Note for Deed of Trust
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Promissory Note Corporation Template

Promissory Note Corporation Template
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Promissory Note in PDF

Promissory Note in PDF
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Promissory Note Template in Word

Promissory Note Template in Word
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The parties involved should note that the promissory notes are legally binding documents.