Demand Promissory Note printable pdf download

Demand Promissory Note

Full Names ______________________________________________

Address_________________________________________________

Full Names ______________________________________________

Address_________________________________________________

(Hereinafter referred to as the Borrower/s)

Full Names ______________________________________________

Address_________________________________________________

(Hereinafter referred to as the Lender)

For value received, the Borrower hereby unconditionally promises to pay to the order of Lender

the sum of ______________________ ($________) together with interest accrued at the rate of

__________percent (______%) per year on any unpaid balance.

Payable on Demand

The entire outstanding amount shall become immediately payable upon demand by the Lender or

holder of this Note, but demand shall not be made before the _______day of

_____________________20____.

Place of Payment

Payment shall be made at the above stated address of the Lender or at such place as may be

designated from time to time in writing by the Lender or holder of this Note. For ease of

payment the Borrower may exercise the option to effect payment by direct deposit or electronic

transfer of funds into the account of Lender as specified in writing.

Prepayment

The Borrower may prepay this Note in full or in part at any time without premium or penalty. All

prepayments shall first be applied to accrued interest and thereafter to the principal loan amount.

Demand Promissory Note