Secure repayment of a loan with this Term Promissory Note template for the USA.
- The Note allows the borrower to repay the loan amount in regular payments of blended principal and interest.
- The interest is calculated monthly and compounded yearly.
This USA Term Promissory Note template is available in MS Word format, and is easy to download, fill in with your details, and print.
TERM PROMISSORY NOTE AMOUNT: US $______ Due: On Term as Below Address for Payment: _____________ FOR VALUE RECEIVED the undersigned, ____________ (hereinafter the “Borrower”), hereby promises to pay __________________ (hereinafter the “Lender”), to bearer or to order at the above address for payment, the sum of ____________ ($______) Dollars in lawful currency of the United States of America, as follows: Date of Payment Amount of Payment together with interest on any unpaid balance, including interest on overdue and unpaid interest, all interest calculated at the rate of ____________ (______%) percent per annum calculated monthly, not in advance, and compou
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