What is promissory note form?
Have there been times when you had to pay someone a loan? Of course, there would have been such moments when you had to pay someone from your pocket with the hope of getting it returned to you one day. But, didn’t you feel a surge of anxiety if that money would ever be returned to you or were you expecting some note of assurance for it? Well, that problem can be solved quite easily by a form called promissory note form which is actually to be filled by someone who asks for the loan. So, in the scenario given above, the person who asked for the loan from you needed to sign this promissory note form for you.
This note form is a commitment that assures someone that his money that is payable would be repaid by the one who has taken it. Here, the note is addressed to the owner of the sum of money while the form is filled by the one asking for the loan. It is mentioned in vivid terms that how much money will be paid so there is no room left for ambiguity.
How to Fill it?
Usually, the signature of the person who is demanding the loan or someone who has previously taken the sum of money is made on a document. The form has the details of the amount of money to be returned and the details about the form in which it will be repaid.
We have prepared a sample of Promissory note form for you to serve the purpose. Here is Preview and free download options are given for the form.
Promissory Note Form
Microsoft Word document file | File size 159 KB | Download
The file can be download in OpenOffice format (.odt)
File size 35 Kb | Download