Louisiana Promissory Note - Installment Payments Preview
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Louisiana Promissory Note - Installment Payments

This Promissory Note is used when the loan is to be repaid in periodic (usually monthly) installments.

A completed Promissory Note (Installment Payments) will include the following information:

  1. Date of loan
  2. Amount of loan
  3. Interest rate
  4. Time period of installments
  5. Periodic due date for installment payments
  6. Number of days a payment may be late before the borrower is in default
  7. Stipulation that the loan may be prepaid (i.e. repaid prior to the due date) without penalty
  8. Name of lender and address where payments are to be sent
  9. Name and signature of borrower
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