Personal Loan Promissory Agreement
Personal Loan Promissory Agreement
Personal Loan Promissory Agreement
1. PAYMENTS: The full balance of this Note, including all accrued interest and late fee, is due
and payable on the ____day of ____________20___, hereinafter know as the “Due Date”.
LUMP SUM – Borrower shall pay a lump sum to be made in-full, principal and interest of
______________________ Pesos, by the Due Date.
A weekly basis with any remaining balance payable on the due date.
A monthly basis with any remaining balance payable on the due date.
A quarterly basis with any remaining balance payable on the due date.
B. LAST FEE – There shall be a late payment fee of P100 (pesos) daily if an installment
is not paid on-time along with the default interest due, if the Borrower does not
receive the installment on the due date.
I understand that the entire unpaid balance, including interest, must be paid in full to the creditor upon
demand.
If I do not make the payment within _______days of the demand, this note will be turned over to collection. I
agree I will be held responsible for all legal fees resulting from this action.
______________________ _______________________
DEBTOR NAME/SIGNATURE WITNESS NAME/SIGNATURE
DATE: DATE: