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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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