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Make an unsecured promissory note (lump-sum payment) in minutes
An unsecured promissory note (lump-sum payment) is a promise to pay back a loan in one payment, on a certain date, and when there's no collateral or security.Create now
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Here's the info you'll need to have handy to complete your doc:
Who it's coming from
Have their name and contact info ready.
Who it's going to
Have their info ready, too.
Know how much it was for, deadline to pay, and interest rate.
What's an Unsecured Promissory Note (Lump-Sum Payment)?
A promissory note is an agreement to pay back a loan. Unsecured means that the loan is not secured by security or collateral. Lump sum means that the borrower will be required to pay the full amount of the loan by a certain, specified date. This is also sometimes called a balloon payment.