Q:

How do you download a blank promissory note for Word?

A:

Quick Answer

Download a blank promissory note template for Microsoft Word by visiting CreditCards.com or SuzeOrman.com and clicking the download link on the appropriate pages, as of 2015. Sites such as LawDepot.com and RocketLawyer.com also allow you to create a custom promissory note and download it as a Word document.

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Full Answer

A promissory note is a legal document declaring that one party agrees to repay a loan from another party, along with the terms of the repayment plan such as interest rates and penalties for failure to pay. The blank promissory note on CreditCards.com contains sections that clearly outline the exact terms of the loan, as well as sections for compliance with state laws. Download it by clicking on the Microsoft Word link above the contract, or simply highlight the text and copy it into a blank document. Both LawDepot.com and RocketLawyer.com allow you to answer a series of questions regarding the specifics of the loan, which populates the form.

Promissory notes most commonly appear as part of the process for purchasing a home with a loan. When searching for a blank promissory note, you need to make sure it contains an area to specify the name of the borrower as well as the lender, the repayment deadline and the address of the property in question, if applicable. It should also include the interest rate on the repayments.

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