Promissory Note Template

I,   First Name   Last Name  (Name of the Borrower) of   Street Address   Address Line 2   City   State   Zip   (Address of the Borrower) promises to pay   First Name   Last Name   (Name of Lender) with the principal amount of  $ Amount   without any interest starting at   Start Date   (Start Date).

I. DUE DATE: The due date for this Note is   Due Date   .

II. PAYMENT METHOD: The borrower will pay via   Please SelectCashCheckCredit CardBank Transfer

III. LATE FEE: If unable to complete payment in due date, the borrower are given 5 days after the due date to complete it with a late fee of $   Late Fee Charge   .

IV. NOTIFICATIONS: Notices or communication related to this document must be sent in a written document and to be delivered to the involved party.

V. AMENDMENT: A written agreement signed from both parties (Borrower and Lender) if changes are needed to be made in this document.

VI. SEVERABILITY: Should any provision found in this Note be held invalid, illegal, or unenforceable by any competent court, the same shall apply only to the provision and the rest of the remaining provisions hereto shall remain valid and enforceable.

VII. GOVERNING LAW: This document shall be under the laws in the State of   State   .

Borrower's Signature
Borrower's Signature   
Date Signed   

Lender's Signature
Lender's Signature   
Date Signed