Promissory Note - Instalment (Australia)

4 Reviews

This Promissory Note - Instalment is designed for use in Australia. This form is available for immediate download.

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Please select a state

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This Instalment Promissory Note documents the agreement of a borrower to repay a debt to a lender at a specified rate of interest and within a specific timeframe. This note establishes the sum and terms of the loan, the rate of interest, the timetable for repayment, and the rights and duties of the lender and borrower. This promissory note also contains a provision which states the borrower can repay the loan at any time without incurring a prepayment penalty. Having a written Instalment Promissory Note will prove invaluable if the borrower defaults or in the event of litigation.

Among others, this Promissory Note contains the following provisions:
  • Amount and Date:This provision sets out the specific amount of money borrowed and the date the note was signed;
  • Parties: This provision sets out the names and addresses of the borrower and the lender;
  • Interest Rate and Payment Provisions: This provision sets out the interest rate and the date payments are due;
  • Default: This provisions contains the penalties in the event of default.

Protect Yourself and your Rights by using our professionally prepared up-to-date forms.

This lawyer-prepared packet includes:
  1. General Information
  2. Instructions and Checklist
  3. Instalment Promissory Note for use in Australia
Law Compliance: This form complies with the state and territory laws of Australia
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages8
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#34908
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.

Customer Reviews

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Reviews: 4


Delaware,

OH

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My need for a Promissory Note was satisfied completely in that it was being used to substantiate an agreement between two parties in the same legal family. It was short term (16 month)and was documentation of a "hand shake" finance arrangement among friends. As Borrower, I insisted on some documentation for the heirs benefit, in the event of an unexpected death of one of the involved parties.


Sacramento,

CA

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Straightforward form. Easy to follow, easy to use, easy to edit. Well priced. The underlined spaces require you to re-underline words you type into them, but that's no problem for someone who uses Word regularly.


Citrus Heights,

CA

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No Customer Comments


Silver Spring,

MD

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Handy


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