If you are lending money to someone, secure repayment of the loan with this
Promissory Note with Monthly Payments & No Penalty form for the USA.
- 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.
This
USA Promissory Note with Monthly Payments & No Penalty template is in MS Word format, and is easy to download, fill in and use.