This is a Promissory Note for your state. The promissory note is unsecured, with a fixed interest rate, and contains a provision for installment payments.
Promissory Note Template California For Personal Loan
Category:
State:
California
Control #:
CA-NOTE-2
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out California Unsecured Installment Payment Promissory Note For Fixed Rate?
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FAQ
What should be in a personal loan contract? Names and addresses of the lender and the borrower. Information about the loan co-borrower or cosigner, if it's a joint personal loan. Loan amount and the method for disbursement (lump sum, installments, etc.) Date the loan was provided. Expected repayment date.
No. Promissory notes do not need to be notarized. The borrower only needs to sign the document to make it legally enforceable. A witness may be helpful if one party contests the note, but a notary is not necessary.
At its most basic, a promissory note should include the following things: Date. Name of the lender and borrower. Loan amount. Whether the loan is secured or unsecured. If it's secured with collateral: What is the collateral? ... Payment amount and frequency. Payment due date. Whether the loan has a cosigner, and if so, who.
How to Write a Secured California Promissory Note Begin by entering the lender's complete information, the current date, the borrower's complete information, the amount of the loan, and the amount of the interest involved in the loan. Choose the method you would like the borrower to repay the balance.
A promissory note is used for mortgages, student loans, car loans, business loans, and personal loans between family and friends.