Secure the repayment of a loan with this Promissory Note for Interest Only, for use in Canada.
- This form of Note allows the borrower to make payments against interest only, with no principal to be repaid until the date specified in the Note.
- Interest payments are made in arrears, at regularly scheduled dates.
- Principal may be repaid at any time without a penalty (fee) being charged.
This Canada Promissory Note for Interest Only
template is in MS Word format, and can be edited as necessary to include all the specifics of your transaction.