How to prepare promissory notes (click here)
Promissory Note - Interest
Interest $_______________
Date: ___________________
FOR VALUE AND CONSIDERATIONS RECEIVED, I, (We) ________________ (Borrower), personally guarantee to pay to the order of ______________ (Lender) the sum of _________________ dollars ($_____), per month which includes the principle payment of _________ dollars ($___________ ) and interest payment of ____________ dollars ($____________) for a period of _____________ months. The interest is set at the rate of _____ percent (___%) per year. The terms of payment shall be as follows:
Furthermore, all payments shall be due and payable on the ___________ day of each month. This note shall be due in full on or before ___________, 20_____.
Signed this __________ day of __________ 20___.
_____________________________
Borrowers
_____________________________
Borrowers
_____________________________
Date
_____________________________
Witness
_____________________________
Date
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