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Promissory Note for Interest Only

Secure the repayment of a loan with this Promissory Note form for interest payments only.
  • The Note allows the borrower to make payments against interest only, with no payment on the principal amount until a date specified in the Note.
  • Interest payments are made in arrears, at regularly scheduled dates.
  • The borrower can repay the principal amount of the loan at any time without having to pay a prepayment penalty.
This Promissory Note for Interest Only template is generic (not country specific), and is easy to fill in with all the specifics of your transaction.

Download: Promissory Note for Interest Only

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Canadian Law Resources: (14-Apr-2018) E.&O.E.

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