A secured promissory note is a legally binding agreement between a lender and a borrower. The document specifies the amount borrowed, the borrower’s personal information and repayment terms. Although financiers (lenders) often create loan promissory note from scratch, the example sample templates online can help get the promissory note written in less time. By signing the promissory note, you agree that you will repay the loan without default as specified in the agreement.
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There are many sample template online; you can download word, excel or PPT format for free. Every template is customizable. Download today and reduce the workload involved in preparing a promissory note.
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