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Promissory Note

Complete the form fields below to generate a general Promissory Note that you can print and use for goods purchased under an installment plan.

Click here for a sample. All information appearing in bold type are the form fields that are either automatically completed by the program or completed based on information you supplied in this form.

Maker:
(Name of person signing the Note to pay monthly installments to Holder)
Address:
(Maker's address)
City:
(Maker's city of residence)
*State or Province:
(Select a state for U.S. clients or a Canadian province)
*Zip/Postal Code:
*Country:
Holder:
(Name of person or entity to whom the Note is payable - payee)
Address:
(Address where payment will be made)
City:
(City of place where payments will be made)
*State or Province:
(Select a state for U.S. clients or a Canadian province)
*Zip/Postal Code:
*Country:
City:
(City in which the Note is being executed)
County/Parish:
(County or parish in which the Note is being executed - do not include the word "county" or "parish", as the program will automatically put that in)
State:
(Select a state for U.S. clients or a Canadian province in which the Note is being executed)
*Country:
Principal:
(Original amount of money on the Note)
Interest:
(Annual interest rate to be paid on principal amount on the Note)
Number of Installments:
(Number of Installments to be paid on the Note)
Monthly Payment:
(Agreed upon monthly installment payment on the Note)
Commencing On:
(Date monthly installments start on the Note)
Ending On:
(Date Note matures - when it should be paid in full)
If Installment Is Not Paid Within:days
(Number of days after due date until installment payment is considered late)
Late Charge:%
(Percent of the overdue payment as liquidated damages - e.g., 7.5%. Must be fair and reasonable)
Interest After Maturity of Note:
(Interest rate of Note if not paid by maturity date)
Note Is Secured By:
(Document that secures Note - e.g., Mortgage)
Security:
(Describe the security - item(s) bought by maker on Note)
Dated:
(Date the document securing the note was signed)

This is not a substitute for legal advice and it is suggested that an attorney be consulted.