This form is a Promissory Note. The borrower promises to repay the lender, with interest, on a particular loan. The payments will be made in monthly installments and there is no penalty for pre-payment of the loan.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Having a lawyer can be super helpful! They can guide you through the legal stuff and make sure everything is on the up-and-up.
You’ll want to check the interest rate, repayment terms, and what happens if payments aren’t made. Think of it as setting the rules for a friendly game.
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