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💵 Demand Promissory Note Details
About Demand Notes:
A demand promissory note is payable in full whenever the lender requests payment. Unlike term notes, there is no fixed maturity date. The borrower must pay the full balance upon demand.
Lender Information
Lender Name (Payee)
Lender Address
Borrower Information
Borrower Name (Maker)
Borrower Address
Co-Borrower (if applicable)
Loan Details
Principal Amount ($)
Date of Note
Loan Purpose (optional)
Interest Terms
Interest Rate (%)
Interest Calculation
Simple Interest
Compound Interest (Monthly)
Compound Interest (Daily)
Interest Payment Frequency
Monthly Interest Payments
Quarterly Interest Payments
Interest Accrued Until Demand
Default Interest Rate (% above regular rate)
Demand Terms
Notice Period for Demand
Payable Immediately Upon Demand
5 Days Notice
10 Days Notice
15 Days Notice
30 Days Notice
Method of Demand
Written Notice Required
Any Reasonable Method
Security & Collateral
Is this note secured?
Unsecured (No Collateral)
Secured by Collateral
Collateral Description
Additional Terms
Prepayment
Allowed Without Penalty
Subject to Prepayment Penalty
Not Permitted
Late Payment Fee
None
Fixed Amount ($50)
5% of Payment Due
10% of Payment Due
Governing Law (State)
Include Provisions
Waiver of Presentment
Attorney's Fees
Acceleration Clause
Severability
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