💵 Template

Promissory Note (loan)

An unconditional written promise to repay a personal loan, with amount and terms.

Fill in the details

Place

Date

Borrower name & address

Lender name

Amount (₹)

Interest rate (% p.a.)

Repay by / on demand

⚖️ Before you use this

•Execute on revenue/e-stamp of the prescribed value and affix a revenue stamp where required — an unstamped note may not be enforceable.
•Keep proof of the money transfer (bank/UPI) alongside the note.

Preview

PROMISSORY NOTE

Place: [Place]                         Date: [Date]

Amount: Rs. [Amount]/-

I, [Borrower], do hereby unconditionally promise to pay [Lender], or order, the sum of Rs. [Amount]/- (Rupees ____________________ only), together with interest at [Interest]% per annum, for value received.

The said amount shall be repaid [Repay terms].

BORROWER (Maker)
[Borrower]
(Signature) ____________________

WITNESS: ____________________