Promissory Note (Regular Payments, No Interest)

This promissory note template is made by a borrower to secure an interest-free loan to be repaid by regular payments.

• The Promissory Note allows the borrower to repay the loan in monthly, weekly, or bi-weekly payments.
• No interest will be charged on the outstanding loan balance. The borrower will only be repaying the principal amount.
• This is a generic legal form which can be used anywhere.

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