Are you loaning money to someone? Make sure you get paid back by having them sign this
Demand Promissory Note.
- A demand promissory note is a note that must be repaid in full (including all interest) when the lender demands repayment.
- Interest on the principal amount accrues at a fixed rate and is calculated monthly.
- The principal can be prepaid by the borrower at any time without a penalty or premium being charged.
This simple form of
Demand Promissory Note is provided in MS Word format, and is easy to fill in and print. This is a generic form which is not country-specific.
