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India Promissory Note
This document is accurate and up to date! It was last reviewed by a lawyer in November 2016.
India 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. Creating a Promissory Note or loan agreement is often recommended for tax and record-keeping reasons. This form is also known as: loan agreement, secured loan agreement, demand note.
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Sample India Promissory Note
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Yuki K. (Washington, District of Columbia)
Governing Jurisdiction:
This document will be governed by the laws of which nation?
(Usually the residence of the Lender)
Australia Bangladesh Brazil Canada Germany India Mexico New Zealand Nigeria Pakistan Philippines South Africa United Kingdom United States
Borrower Details:
How many Borrowers are there?
1 2
Lender's Contact Information:
Full Name:
Address Line 1:
Address Line 2 (optional):
Principal Sum:
How much is being borrowed (e.g. 20,000.00)?
Select the currency:
Australian Dollars (AUD) Bangladeshi Taka (BDT) Brazilian Real (BRL) Canadian Dollars (CAD) Euros (EUR) Great Britain Pounds (GBP) Indian Rupee (INR) Mexican Peso (MXN) New Zealand Dollar (NZD) Nigerian Naira (NGN) Pakistani Rupee (PKR) Peso (PHP) South African Rand (ZAR) United States Dollars (USD) Other
Will this loan be subject to interest?
Yes
No
Schedule of Payments:
Will payment be due when the Lender demands?
Yes
No
Will payment be in a lump sum?
Yes
No
Pre-payment:
Are the Borrower(s) allowed to pay off the loan early?
Yes
No
Security:
Security:
You may wish to add a security to the loan. The lender can take the security if the borrower fails to repay the loan.
Will this loan have a security/collateral?
Yes
No
Default by Borrower(s):
Will Borrower(s) be charged interest if payment is late?
Yes
No
Additional Clauses:
Do you wish to add any additional clauses?
Yes
No
Signatures Required:
Signatures Required:
We highly recommend that your Promissory Note be signed in front of a Notary Public and one or more witnesses.
Will a notary public be present?
Yes
No
How many witnesses will be present?
0 1 2
Date of Signing, if known:
Do you know when you will be signing the agreement?
Yes
No
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