Installment Promissory Note

Louisiana Installment Promissory Note with No Interest Accruing
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State:
Louisiana
Control #:
LA-5410
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Available formats: Word | Rich Text

Description louisiana no interest

A promissory note is a written document in which a borrower agrees (promises) to pay back money to a lender according to specified terms. This is an example of an installment promissory note, in which the loan is repaid in fixed installments at regular intervals (for example, month, quarter, or semi-annual) as specified in the note, along with interest. This is also an unsecured note, which means a note that is not secured by any collateral but only the promise to pay.

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