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Installment Note with Prepayment Premium

Are you lending a significant sum of money to a person or a company? Secure the repayment of the loan with this Installment Promissory Note with Prepayment Premium.
  • The borrower will repay the loan principal and interest by a series of regular fixed installment payments.
  • The loan is secured by collateral belonging to the borrower.
  • The borrower has the option to prepay the Note, but the lender will charge a prepayment premium (fee) if the loan is paid out before the due date.
  • The Note contains an acceleration clause, i.e. if the borrower defaults in making a payment or becomes bankrupt or insolvent, the entire balance together with interest becomes immediately due and payable.
This Installment Note with Prepayment Premium template is available as a downloadable MS Word document, and is generic in nature (not country specific).

Download: Installment Note with Prepayment Premium

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Canadian Law Resources: (14-Jul-2010) E.&O.E.

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