Secure repayment of a loan with this easy-to-use Promissory Note with Monthly Payments & Compound Interest, for use in Canada.
- The principal and interest are to be repaid by a series of equal monthly installments.
- Interest is calculated and compounded monthly.
- Any amount of principal and/or interest not paid on time bears interest at the same rate as the loan balance.
This Canada Promissory Note with Monthly Payments & Compound Interest
template is available in MS Word format, and is easy to download, fill in with your details, and print.