Free Promissory Note

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Promissory Note

Loan Amount

Loan Amount

How much are you lending?
e.g. 10,000

Your Promissory Note

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(this "Note")


____________________ of ______________________________________ (the "Borrower")


____________________ of ______________________________________ (the "Lender")

Principal Amount:      $_____________ USD

  1. FOR VALUE RECEIVED, The Borrower promises to pay to the Lender at such address as may be provided in writing to the Borrower, the principal sum of $_____________ USD, without interest payable on the unpaid principal, beginning on July 14, 2024.
  2. This Note will be repaid in consecutive monthly installments commencing on July 14, 2024 and continuing on the fourteenth of each following month until July 14, 2024 with the balance then owing under this Note being paid at that time.
  3. At any time while not in default under this Note, the Borrower may pay the outstanding balance then owing under this Note to the Lender without further bonus or penalty.
  4. Notwithstanding anything to the contrary in this Note, if the Borrower defaults in the performance of any obligation under this Note, then the Lender may declare the principal amount owing under this Note at that time to be immediately due and payable.
  5. The Borrower shall be liable for all costs, expenses and expenditures incurred including, without limitation, the complete legal costs of the Lender incurred by enforcing this Note as a result of any default by the Borrower and such costs will be added to the principal then outstanding and shall be due and payable by the Borrower to the Lender immediately upon demand of the Lender.
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Last updated January 23, 2024

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Promissory Note

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