Legal Documents

What is a Promissory Note ?

A Promissory Note is a simple contract that records the terms of a loan to a company.

For a small sum of money borrowed, a Promissory Note is often used in place of a complex loan agreement.

A loan under a Promissory Note can be interest bearing or interest free.

Key points included

  • Principal amount;
  • Interest rate (if any); and
  • Dates for repayment.

Related Documents


3 documents
Want to automate your existing legal documents?

Submit your custom drafted documents to Zegal

Thinking about subscribing?


Create a free account now and explore all of the Zegal features.

Get started

No credit card required