A master promissory noteis often used when a borrower wants to borrow a given sum of money on more than one occasion. This type of loan promissory note eliminates the need to create a new excel, word or PDF loan template whenever one wants to borrow money. If you are going to need a loan occasionally, it would be wise to know what the deal have from the very beginning.
This promissory note is primarily used for student loans. However, it can also be used with any kind of loan.The beauty of this template is that it is often reusable; it can be used multiple times until the borrower in question stops borrowing.
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