There must be abiding rules between a moneylender and a borrower before issuing a loan. As a lender, you want to offer a loan with an assurance at the back of your mind that the borrower will repay in parts or in full according to agreed time. A promissory note form PDF can help you set some legally binding rules between you, the lender, and the borrower. If the borrower breaks the agreement specified in the secured promissory note word, you have the right to take legal action against them.
You can download an excel template to help you specify your lending rules in an organized manner. All the promissory note templates are free to download.
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