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Sample Promissory Note Payable on Demand

Sample Promissory Note Payable on Demand No Interest Principal Payable on Maturity Letter

by emily on March 7, 2012

Promissory Note, Payable on Demand, No Interest, Principal Payable on Maturity

 

DEMAND PROMISSORY NOTE –

 

[Loan Amount]                                                                           Due:  ON DEMAND

 

FOR VALUE RECEIVED, the undersigned, [name of the borrower], the ‘Borrower’, acknowledges itself obliged to [Lender name], the ‘Lender’ and pledges to pay ‘ON DEMAND’ to the Lender or, as otherwise directed by the lender in writing, the principal amount of $[loan amount] in legal money of [Currency of the USA] without any interest.

The Lender may allocate all of its right, title and interest in, to and as part of this promissory note. All the payments to be made hereunder shall be made by the Borrower without any right of set-off or accusation.

 

Dated: [document date]

 

…………………………………………..                  ………………………………………….

Witness                                                                        Seller Name

Download Sample Promissory Note Payable on Demand No Interest Principal Payable on Maturity Letter In Word Format

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