USA Plain Language Promissory Note

USA lenders, secure repayment of a loan with this Plain Language Promissory Note.

• The form is drafted in language that is clear, concise, and easy for a borrower to understand.
• The principal and interest are to be repaid by a series of equal monthly installments.
• Any amount of principal and/or interest not paid on time bears late charges of 5 percent of the overdue payment of principal and interest.

This USA Plain Language Promissory Note template is provided in MS Word format, and can be easily edited to fit your circumstances.