If you are lending money to someone, be sure you get paid back. Have the borrower sign this Promissory Note with Monthly Payments & No Penalty
form for Canada.
- The borrower agrees to repay the debt in equal monthly payments of combined principal and interest, by way of post-dated checks, with the balance due on a date specified in the Note.
- The borrower has the option to prepay the outstanding balance without any prepayment penalty.
The Canada Promissory Note with Monthly Payments & No Penalty
template is in MS Word format, and is easy to download, fill in and use.