I Mr/Mrs/Miss, hereby make a commitment to pay (COMPANY OR NAME), the sum of
Repayment is to be made in the form of (AMOUNT OF PAYMENTS i.e $100) equal payments, including an interest rate of (STATE RATE %) of $ ________. This amount is payable on the (DAY) of each month, beginning (START DATE) until the total amount of this debt is paid, we estimate this to take (STATE THE MONTHS/YEARS).
IN WITNESS WHEREOF; I set my hand under seal this ________ (THE DAY) of __________ (THE MONTH), 20____ and I acknowledge receipt of a completed copy of this promissory note.
Signed: (Signature of Borrower)
Name & Address (PARTY NAME)
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