Promissory Note
$[Loan Amount] [Date]
For value received, I, [Borrower’s Name], promise to pay [Lender’s Name] the sum of $[Loan Amount] with interest at the annual rate of [Interest Rate]%.
Payment Schedule:
- Principal Amount: $[Loan Amount]
- Number of Payments: [Number of Payments]
- Payment Amount: $[Payment Amount]
- Payment Due Dates: [List of Due Dates]
Failure to make payments by the due dates will result in late fees.
Borrower’s Signature: ________________ Date: ___________
Lender’s Signature: __________________ Date: ___________