Promissory Note Template Page 23
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28PLEASE NOTE THAT ITEMS HIGHLIGHTED IN YELLOW MAY BE VARIABLE BETWEEN
PROMISSORY NOTES, DEPENDING ON THE COMMERCIAL TERMS SET OUT
SCHEDULE 1
DETAILED TERMS OF THE PROMISSORY NOTE
1. Aggregate Principal Amount: S$ 200,000.00
2. Maturity Period: 23 July 2015 to 22 July 2016
3. Tenor: Twelve (12) months
4. Interest Rate: X% per month of the Outstanding Aggregate Principal Amount
5. Monthly Repayment Formula:
Interest Repayment
Interest Repayment = Interest Rate x Outstanding Aggregate Principal Amount
Principal Repayment
-Tenor
Principal Repayment = Principal x [ Interest Rate / (1 - (1 + Interest rate)
) ] - Interest Repayment
OR
First N months:
Principal Repayment = 0
Subsequent months:
Principal Repayment = Principal x [ Interest Rate /
-Tenor minus N months
(1 - (1 + Interest rate)
) ] - Interest Repayment
Total Repayment
Total Repayment (per month) = Interest Repayment + Principal Repayment
6. Processing Fee: Y% per month of the Aggregate Principal Amount or S$Z payable monthly
7. Commission: 20% of the monthly Interest Repayment
8. Borrower’s payment details:
Name:
Company Name
Account number:
Account Number
Bank name:
Bank
9. Agent’s payment details:
Name:
Capital Match Platform Pte. Ltd.
Account number:
4563059952
Bank name:
UOB
Page 23 of 28
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Miscellaneous