About this document

Sample Promissory Note Template by Eric Mandiit is a document available to read on EtoBox.

This promissory note documents a loan of 2,000,000 Philippine pesos from Culala to Marcelo. Marcelo promises to repay the principal in equal monthly installments, with payments beginning the month after the note is executed. If Marcelo defaults on payments, Culala can declare the full unpaid balance immediately due. The note does not charge interest and Marcelo can prepay the loan without penalty. This unsecured note was dated September 2, 2018.

Author

Eric Mandiit

Language

EN