A Private Promissory Note serves as a formal documentation of debt and promise of payment under Indian law. This instrument is commonly used in various financial transactions, from personal loans to business financing, where one party commits to paying a specific sum to another. The document's primary purpose is to create a legally enforceable record of debt, governed by the Negotiable Instruments Act, 1881, and other relevant Indian legislation. Private Promissory Notes are particularly useful in situations requiring documented proof of debt without the complexity of a full loan agreement. They must include specific components such as the amount promised, payment terms, and parties' details to be legally valid. These notes are widely used due to their simplicity, legal recognition, and enforceability in Indian courts.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Place and Date: Specific location and date of execution of the promissory note, which is crucial for enforcement and limitation period calculations
2. Maker's Details: Full legal name and address of the person making the promise to pay (the debtor)
3. Payee's Details: Full legal name and address of the person to whom the payment is to be made (the creditor)
4. Promise to Pay: Clear, unconditional promise to pay with the specific amount written both in figures and words
5. Payment Terms: Specific details about when and how the payment will be made, including due date and payment method
6. Interest Rate: Clear statement of the applicable interest rate, if any, and how it will be calculated
7. Signature Block: Space for maker's signature, with revenue stamp if required by local stamp duty laws
1. Witness Details: Details and signatures of witnesses, recommended for higher value promissory notes
2. Security/Collateral: Description of any security or collateral provided against the promised amount
3. Default Provisions: Consequences of default in payment and remedies available to the payee
4. Prepayment Terms: Conditions under which early payment is allowed and any associated penalties or benefits
5. Governing Law: Specific mention of jurisdiction, though implied as Indian law for domestic promissory notes
6. Force Majeure: Provisions for unforeseen circumstances affecting payment capability, though rare in promissory notes
1. Payment Schedule: If payments are to be made in installments, detailed schedule of payment dates and amounts
2. Collateral Details: If security is provided, detailed description of the collateral including any identifying numbers or characteristics
3. Bank Account Details: Specified bank account information for payments, if applicable
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Banking
Real Estate
Small and Medium Enterprises
Manufacturing
Retail
Professional Services
Construction
Agriculture
Educational Institutions
Relevant Teams
Legal
Finance
Treasury
Credit Control
Accounts Receivable
Risk Management
Corporate Secretarial
Debt Collection
Business Operations
Relevant Roles
Chief Financial Officer
Finance Manager
Legal Counsel
Corporate Lawyer
Credit Manager
Accounts Receivable Manager
Treasury Manager
Loan Officer
Business Development Manager
Risk Manager
Company Secretary
Financial Controller
Collections Manager
Find the exact document you need
Construction Promissory Note
An Indian law-compliant promissory note specifically designed for construction-related payments and obligations, governed by the Negotiable Instruments Act and construction regulations.
find out more
Straight Note (Real Estate)
An Indian law-governed promissory note secured by real estate property, documenting terms of loan repayment and property security details.
find out more
Promissory Note For Lending Money
A legally binding financial instrument under Indian law that documents an unconditional promise to pay a specified sum of money, including loan terms and repayment conditions.
find out more
Promissory Note For Housing Loan
An Indian legal document containing a borrower's unconditional promise to repay a housing loan, governed by the Negotiable Instruments Act, 1881.
find out more
Promissory Note For Bank Loan
A legally binding financial instrument under Indian law that documents a borrower's promise to repay a specific loan amount to a bank with defined terms and conditions.
find out more
Iou Promissory Note
A legally binding financial instrument under Indian law wherein one party promises to pay a specified sum to another party, either on demand or at a fixed future date.
find out more
Promissory Note For Real Estate Purchase
An Indian law-compliant promissory note documenting a buyer's promise to pay for real estate property, including payment terms and property details.
find out more
Promissory Note
A legally binding financial instrument under Indian law containing an unconditional written promise to pay a specified sum of money to a named party.
find out more
Secured Demand Note
An Indian law-governed financial instrument combining a demand promissory note with security arrangements, enabling secured lending with on-demand repayment features.
find out more
Promissory Letter For Work
An Indian legal document combining a promissory note with work commitments, governed by Indian contract law and negotiable instruments legislation.
find out more
International Promissory Note
An Indian law-governed promissory note for international transactions, containing an unconditional promise to pay a specified sum with cross-border payment provisions.
find out more
Loan Note
An Indian law-governed debt instrument documenting loan terms, repayment obligations, and security arrangements between lender and borrower.
find out more
Unsecured Promissory Note
An Indian law-governed financial instrument containing an unconditional written promise to pay a specified sum without any security or collateral.
find out more
Secured Promissory Note
An Indian law-governed financial instrument combining a promise to pay with security interests in assets, documenting a secured debt obligation with specified payment and enforcement terms.
find out more
Promissory Note With Notary
An Indian law-governed notarized financial instrument containing an unconditional written promise to pay a specified sum of money under defined terms.
find out more
Promissory Note Seller Financing
A legally binding financial instrument under Indian law documenting a buyer's promise to pay a seller over time, with specified payment terms and conditions.
find out more
Note Trust Deed
An Indian law-governed document establishing a trust structure for note issuances, defining the relationship between issuer, trustee, and noteholders.
find out more
Shareholder Promissory Note
An Indian law-governed financial instrument documenting a company's promise to pay a specified sum to a shareholder, including payment terms and conditions.
find out more
Simple Note Payable Agreement
An Indian law-governed agreement documenting a promise to pay a specified sum of money, with defined payment terms and conditions.
find out more
Senior Promissory Note
An Indian law-governed debt instrument containing a senior-ranking promise to pay a specified sum with defined terms and conditions.
find out more
Recourse Promissory Note
An Indian law-governed financial instrument containing a written promise to pay a specified sum, with recourse rights against the maker or endorsers in case of default.
find out more
Promissory Note Mortgage
An Indian legal instrument combining a promissory note with a mortgage deed, creating both a payment obligation and security interest in real property under Indian law.
find out more
Promise To Pay Letter For Rent
An Indian law-compliant formal written commitment from a tenant acknowledging rental dues and promising payment according to a specified schedule.
find out more
Note Agreement
An Indian law-governed promise to pay document that creates a legally binding debt obligation between a borrower and lender, including payment terms and conditions.
find out more
Interest Only Balloon Note
An Indian law-governed loan document structuring interest-only payments with a final balloon payment, compliant with RBI regulations and Indian Contract Act.
find out more
Legal Iou Form
A legally binding debt acknowledgment document under Indian law that records a borrower's promise to repay a specified amount to a lender under defined terms.
find out more
Medical Promissory Note
An Indian legal document combining a financial promise to pay with medical service details, governed by the Negotiable Instruments Act and healthcare regulations.
find out more
Standard Promissory Note Secured
An Indian law-governed financial instrument containing a promise to pay a specific sum with interest, secured by collateral, creating enforceable rights for the lender over the security in case of default.
find out more
Business Loan Promissory Note
An Indian law-governed promissory note documenting a business borrower's unconditional promise to repay a specified loan amount with interest to a lender.
find out more
Old Promissory Note
A legally binding written promise to pay a specified sum under Indian law, governed by the Negotiable Instruments Act, 1881.
find out more
Multiple Advance Promissory Note
An Indian law-governed financial instrument that enables multiple drawdowns under a single promissory note, combining credit line flexibility with legal enforceability.
find out more
Future Advance Promissory Note
An Indian law-governed financial instrument that combines a traditional promissory note with provisions for future monetary advances up to a predetermined maximum amount.
find out more
Consolidated Promissory Note
An Indian law-compliant financial instrument that combines multiple promissory notes or debt obligations into a single legally binding document.
find out more
Unsecured Demand Promissory Note
An Indian law-governed unsecured financial instrument containing an unconditional promise to pay a specified sum on demand, regulated under the Negotiable Instruments Act, 1881.
find out more
Unsecured Promissory Note Issued By A Corporation
An Indian law-governed financial instrument containing a corporation's unconditional promise to pay a specified sum without security.
find out more
Promissory Note Letter For Payment
A legally binding financial instrument under Indian law where one party promises in writing to pay a specified sum of money to another party, governed by the Negotiable Instruments Act, 1881.
find out more
Credit Card Promissory Note
An Indian law-compliant financial instrument that documents a credit card holder's promise to repay outstanding credit card debt to the issuing bank.
find out more
6 Month Promissory Note
An Indian law-governed promissory note containing an unconditional promise to pay a specified sum within six months, structured under the Negotiable Instruments Act, 1881.
find out more
Simple Promissory Letter
A legally binding document under Indian law containing an unconditional promise to pay a specified sum of money to a designated party.
find out more
Promissory Note With Balloon Payment
An Indian law-governed promissory note featuring regular payments and a larger final balloon payment, structured under the Negotiable Instruments Act, 1881.
find out more
Renewal Promissory Note
An Indian law-compliant financial instrument that renews an existing promissory note, creating a fresh promise to pay while maintaining reference to the original debt obligation.
find out more
30 Day Promissory Note
An Indian law-governed financial instrument containing a written promise to pay a specified sum within 30 days, compliant with the Negotiable Instruments Act, 1881.
find out more
Forgivable Loan Promissory Note
An Indian law-governed promissory note that outlines loan terms and conditions for potential forgiveness, combining debt obligation with forgiveness provisions.
find out more
Bridge Loan Promissory Note
An Indian law-governed financial instrument combining a promissory note with bridge loan terms, used for short-term financing arrangements.
find out more
Time Note Loan
An Indian law-governed loan agreement that establishes terms for a fixed-schedule loan, including amount, interest, repayment terms, and security arrangements.
find out more
Replacement Promissory Note
An Indian law-governed financial instrument that replaces an existing promissory note, containing an unconditional promise to pay a specified sum to a designated payee.
find out more
Personal Loan Note Agreement
An Indian law-governed agreement establishing terms and conditions for a personal loan between lender and borrower, including loan amount, interest, and repayment terms.
find out more
Joint Promissory Note
An Indian law-governed financial instrument where multiple parties jointly promise to pay a specified sum to a payee, creating joint and several liability.
find out more
Earnest Money Promissory Note
An Indian law-governed financial instrument documenting a promise to pay earnest money, structured under the Negotiable Instruments Act and Contract Act.
find out more
Promissory Note For Lending Money To Friend
An Indian law-compliant promissory note documenting a personal loan between friends, including loan amount, repayment terms, and parties' obligations.
find out more
Amended Promissory Note
A legal document under Indian law that modifies an existing promissory note's terms while maintaining its validity under the Negotiable Instruments Act, 1881.
find out more
90 Day Promissory Note
An Indian law-governed financial instrument containing an unconditional written promise to pay a specified sum after 90 days, commonly used in commercial transactions.
find out more
Undertaking Promissory Note
A legally binding financial instrument under Indian law containing an unconditional written promise to pay a specified sum of money, governed by the Negotiable Instruments Act, 1881.
find out more
Standard Promissory Note Unsecured
An Indian law-governed unsecured written promise to pay a specified sum of money, either on demand or at a specified future date, regulated under the Negotiable Instruments Act, 1881.
find out more
Pledge Note
An Indian law-governed security document that creates and evidences a pledge of movable property as collateral for a debt or obligation.
find out more
Secured Convertible Promissory Note
An Indian law-governed debt instrument that provides secured lending with the option to convert the loan into equity shares under specified terms.
find out more
Promissory Note Settlement Agreement
An Indian law-governed agreement that documents the settlement terms and payment arrangements for an existing promissory note between creditor and debtor.
find out more
Lump Sum Promissory Note
An Indian law-governed financial instrument containing an unconditional written promise to pay a specified lump sum amount to a designated party on a fixed date.
find out more
Individual Promissory Note
An Indian law-governed financial instrument containing a written, unconditional promise to pay a specified sum of money to a named party, either on demand or at a fixed future date.
find out more
Credit Promissory Note
An Indian law-compliant financial instrument containing an unconditional promise to pay a specified sum of money, commonly used in lending transactions.
find out more
Cash Advance Promissory Note
An Indian law-compliant financial instrument documenting a promise to repay a specified sum of money, with defined terms and conditions for the advance payment.
find out more
Property Loan Note
An Indian law-governed document evidencing a property-secured debt, detailing loan terms and security arrangements between lender and borrower.
find out more
Promissory Note Secured By Deed Of Trust
An Indian law-governed financial instrument combining a promissory note with property security through a trust arrangement, providing secured lending backed by real estate.
find out more
Promissory Note Purchase Agreement
An Indian law-governed agreement for the sale and purchase of promissory notes, detailing transfer terms and ensuring regulatory compliance.
find out more
Private Promissory Note
An Indian law-governed financial instrument containing an unconditional written promise to pay a specified sum of money to a designated party.
find out more
Interest Only Promissory Note
An Indian law-governed promissory note where the borrower agrees to make interest-only payments with principal due at maturity.
find out more
Registered Promissory Note
An Indian legal instrument containing a registered, unconditional promise to pay a specified sum of money, governed by the Negotiable Instruments Act, 1881.
find out more
Simple Promise To Pay Agreement
An Indian law-compliant agreement documenting a debt obligation and establishing terms for repayment between parties.
find out more
Promissory Note Payable
An Indian law-compliant financial instrument containing a written promise to pay a specific sum of money, governed by the Negotiable Instruments Act, 1881.
find out more
Promissory Note For Shares
An Indian legal document containing a written promise to pay for shares, governed by the Negotiable Instruments Act and Companies Act.
find out more
Promissory Certificate
An Indian law-compliant financial instrument containing an unconditional written promise to pay a specified sum of money to a designated party.
find out more
Private Mortgage Note
An Indian law-compliant legal instrument that documents a private loan secured by real property, establishing lending terms and security arrangements.
find out more
Owner Financing Promissory Note
An Indian law-compliant promissory note documenting the terms and conditions of owner-provided financing for property purchase, including payment obligations and security arrangements.
find out more
Rental Promissory Note
An Indian law-compliant financial instrument combining a promissory note with rental payment obligations, detailing terms for property rental payments and default consequences.
find out more
Simple Interest Promissory Note
An Indian law-governed financial instrument documenting a promise to pay a specified sum with simple interest, compliant with the Negotiable Instruments Act, 1881.
find out more
Non Interest Bearing Promissory Note
A legally binding document under Indian law where one party promises to pay a specified sum to another party without interest, governed by the Negotiable Instruments Act, 1881.
find out more
Employee Promissory Note
An Indian law-governed promissory note documenting an employee's formal promise to pay a specified sum to their employer, with defined repayment terms and conditions.
find out more
No Interest Promissory Note
An Indian law-compliant document evidencing a promise to repay a specific sum of money without interest, either on demand or at a fixed future date.
find out more
I Owe You Promissory Note
A legally binding financial document under Indian law that contains a written promise to pay a specified sum of money, governed by the Negotiable Instruments Act, 1881.
find out more
Equity Promissory Note
An Indian law-governed financial instrument combining a promise to pay with the right to convert the amount into equity shares under specified terms.
find out more
Convertible Promissory Note Purchase Agreement
An Indian law-governed agreement documenting the issuance of convertible promissory notes to investors, including terms for future conversion into equity.
find out more
Unsecured Convertible Promissory Note
An Indian law-governed debt instrument that can convert into equity shares, commonly used in startup funding without requiring security against assets.
find out more
Subordinated Promissory Note
An Indian law-governed financial instrument documenting a promise to pay a specified sum, with payments subordinated to senior debt obligations.
find out more
Purchase Promissory Note
An Indian law-compliant financial instrument documenting a buyer's promise to pay a specified sum for purchases, governed by the Negotiable Instruments Act, 1881.
find out more
Guarantee Promissory Note
An Indian law-governed financial instrument combining a promissory note with a third-party guarantee, ensuring secured promise of payment under the Negotiable Instruments Act.
find out more
Demand Note Payable
An Indian law-governed financial instrument containing an unconditional promise to pay a specified sum on demand, regulated under the Negotiable Instruments Act, 1881.
find out more
Commercial Promissory Note
An Indian law-governed financial instrument containing an unconditional written promise to pay a specified sum of money, commonly used in commercial transactions.
find out more
Letter Of Credit Promissory Note
An Indian law-governed financial instrument combining a promissory note with a letter of credit, providing secured payment mechanism in trade transactions.
find out more
Revolving Line Of Credit Promissory Note
An Indian law-governed financial instrument establishing a renewable credit facility with repeated draw-down capabilities, documenting the borrower's promise to repay with interest.
find out more
Secured Loan Note
An Indian law-governed document evidencing a loan secured by collateral, combining promissory note and security agreement features.
find out more
Revolving Promissory Note
An Indian law-governed negotiable instrument combining a promissory note with revolving credit facility features, allowing flexible borrowing up to a specified limit.
find out more
Line Of Credit Promissory Note
An Indian law-governed financial instrument combining a promissory note with a revolving credit facility, establishing terms for borrowing and repayment under a credit line.
find out more
Unsecured Loan Note
An Indian law-governed document establishing an unsecured loan agreement between lender and borrower, detailing loan terms without requiring collateral.
find out more
Promissory Note For Personal Loan
A legally binding document under Indian law where a borrower promises to repay a specific personal loan amount with defined terms to a lender.
find out more
Discount Promissory Note
An Indian law-compliant negotiable instrument representing a promise to pay a specified sum, issued at a discount to face value, commonly used in commercial and financial transactions.
find out more
Demand Promissory Note
An Indian legal instrument containing an unconditional written promise to pay a specified sum of money on demand, governed by the Negotiable Instruments Act, 1881.
find out more
Bond Promissory Note
An Indian law-governed financial instrument containing an unconditional promise to pay a specified sum of money, including terms of payment and security provisions.
find out more
Promissory Agreement
An Indian law-governed agreement containing an unconditional promise to pay a specified sum of money, either on demand or at a future date.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)