Promissory Note for Interest Only

Secure the repayment of a loan with this Promissory Note form for interest payments only.

• The Note allows the borrower to make payments against interest only, with no payment on the principal amount until a date specified in the Note.
• Interest payments are made in arrears, at regularly scheduled dates.
• The borrower can repay the principal amount of the loan at any time without having to pay a prepayment penalty.

This Promissory Note for Interest Only template is generic (not country specific), and is easy to fill in with all the specifics of your transaction.