Promissory Note with Balloon Payments

A Promissory Note with Balloon Payments can help document and clarify the terms of a loan that's designed to have one or more larger payments due at the end of the repayment period. When you're using a different loan structure it's probably a good idea to ensure everyone is clear on the terms. You don't want to be surprised as the borrower by a substantially larger loan payment, nor do you want to be shorted as the lender. Make sure that everyone knows the details with a Promissory Note with Balloon Payments.

Use the Promissory Note with Balloon Payments document if:

• You're party to a loan that has balloon payments.
• You want to prepare an amortization table if the loan includes interest.
• You want to determine the amount of a monthly payment.