Free Printable Promissory Note

Date: January 8, 2050
Principal Amount: $5,000.00
FOR VALUE RECEIVED, I, [Your Name], promise to pay Jane Smith the sum of $5,000.00, with 5% annual interest, by January 8, 2051.
Payment Terms:
$416.67 per month, starting February 8, 2050, due on the 8th of each month.
Early repayments are allowed without penalty.
Late Fee: $50 if payment is 10 days late.
Governing Law: Illinois
Signature of Borrower:
[Your Name]
Signature of Lender:
Jane Smith
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Secure agreements with Template.net’s Printable Promissory Note Template. Customizable and editable, this template ensures clarity and professionalism in loan agreements. Editable in our AI Editor Tool, it’s perfect for personal or business use. Tailor it effortlessly to suit your terms and print for a formal presentation. Download this practical template today to simplify your documentation and establish clear financial commitments.