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Promissory Note Sample Philippines (Free Downloadable Templates) Are you planning to establish a lending business and want to create a template for a promissory note to be signed by the borrower? Are you loaning money to your co-worker?
A Promissory Note is an unconditional promise in writing made by one person (the "maker") in favor of another (the "payee") promising to pay an amount of money on demand or at a fixed or determinable future time. It must be signed by the maker and delivered to the payee.
PROMISSORY NOTE. ________ For value received, I hereby unconditionally promise to pay ________ the principal amount of ________ (₱________) on or before ________. All payments shall be made at: ________ I also promise to pay, at the aforesaid address, monthly interest of ________ Per Cent ( ________ %).
A free downloadable and editable sample of a Promissory Note legally used in the Philippines.
May 19, 2017 · A promissory note, sometimes referred to as a note payable, is a legal instrument, in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms and conditions.
Philippines Promissory Note. A Promissory Note, or loan agreement, is used to record that one party promises to pay a sum of money to another party at a later date. This obligation usually results from a loan to the promising party.
Promissory Note. Php50,000.00 January 5, 2014. FOR VALUE RECEIVED, I promise to pay to the order of ANNA CURTIES, the sum of FIFTY THOUSAND PESOS (Php50,000.00) Philippine Currency, in TEN (10) equal monthly installments of FIVE THOUSAND PESOS (Php5,000.00) starting February 5, 2014 and every 5th day of the month thereafter until fully paid.
Mar 30, 2024 · Size 4 to 5 pages. 4.7 - 27 votes. Fill out the template. What is a Loan Agreement? In a Loan Agreement, one person or entity (the creditor) lends money to another person or entity (the debtor) who promises to pay back the money at a certain moment. The loan can be paid back with or without interest.
Nov 1, 2023 · A promissory note is a written, legally binding agreement in which one party promises to pay another party a specific sum of money at a predetermined future date or upon the receiver’s demand. This document specifies the principal amount, interest rate, maturity date, and other terms and conditions, if any.
Jul 8, 2022 · PROMISSORY NOTE. FOR VALUE RECEIVED, I, (Name), of legal age, single, Filipino, with residence at (Address), promise to pay without need of demand to the order of (Name), the amount of PESOS: TEN THOUSAND PESOS (Php10,000.00), on or before (Date) at his residence in (Address) . .
