The Simple Interest Promissory Note is a fundamental financial instrument in UAE business practice, commonly used for documenting debt obligations with straightforward interest calculations. This document is particularly relevant in situations where parties need a formal, legally binding commitment for the repayment of borrowed money with interest. It must comply with UAE Federal Laws, including the Civil Code (Federal Law No. 5 of 1985) and Commercial Code (Federal Law No. 18 of 1993), while adhering to Central Bank interest rate regulations. The document typically includes essential elements such as party details, principal amount, interest rate, payment terms, and often incorporates security measures like post-dated cheques, which are standard practice in the UAE. The Simple Interest Promissory Note serves as a versatile tool for both commercial and personal lending arrangements, providing a clear framework for debt obligations while ensuring enforceability under UAE law.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Promissory Declaration: Clear and unequivocal promise to pay, stating 'I/We promise to pay' as required for legal validity
2. Parties' Details: Full legal names and addresses of the maker (promisor) and payee (promisee)
3. Principal Amount: The original sum borrowed, stated in both numbers and words to avoid ambiguity
4. Interest Rate: Clearly stated simple interest rate, ensuring compliance with UAE Central Bank regulations
5. Payment Terms: Due date, payment schedule, and method of payment
6. Place of Payment: Specific location or manner in which payment should be made
7. Default Provisions: Consequences of non-payment or late payment
8. Governing Law: Explicit statement that UAE law governs the promissory note
1. Security Provisions: Details of any collateral or security provided against the note, used when the note is secured
2. Guarantor Details: Information about any guarantors and their obligations, included when there is a third-party guarantee
3. Prepayment Terms: Conditions and calculations for early repayment, included when early repayment is permitted
4. Post-Dated Cheques: Details of security cheques provided, common in UAE practice
5. Notice Provisions: Specific requirements for serving notices, included in more formal arrangements
6. Assignment Clause: Terms regarding transferability of the note, included when the note needs to be negotiable
1. Payment Schedule: Detailed breakdown of payment dates and amounts, particularly for installment payments
2. Interest Calculation Schedule: Detailed methodology for calculating interest
3. Security Details: Specific details of any security or collateral provided
4. Post-Dated Cheques Schedule: List and details of all security cheques provided
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Real Estate
Commercial Trading
Manufacturing
Construction
Small & Medium Enterprises
Professional Services
Retail
Wholesale Distribution
Investment Companies
Relevant Teams
Finance
Legal
Treasury
Credit Control
Accounts
Risk Management
Compliance
Corporate Finance
Commercial Operations
Collections
Relevant Roles
Chief Financial Officer
Finance Manager
Treasury Manager
Credit Controller
Financial Controller
Accounts Manager
Legal Counsel
Commercial Director
Business Development Manager
Risk Manager
Compliance Officer
Corporate Finance Manager
Investment Manager
Banking Relationship Manager
Collections Manager
Find the exact document you need
Promissory Note To Follow Documents
A UAE-governed financial instrument representing a promise to pay upon presentation of specified commercial documents, commonly used in trade finance transactions.
find out more
Promissory Note For Honorable Dismissal
A UAE-compliant promissory note issued by an employee to their employer upon honorable dismissal, acknowledging and promising to repay outstanding financial obligations.
find out more
Promissory Note Bank Loan
A UAE-compliant promissory note documenting a borrower's legally binding promise to repay a specified bank loan amount under UAE Federal Law and banking regulations.
find out more
Promissory Letter For Not Paying Tuition Fee
A UAE law-governed promissory note acknowledging unpaid tuition fees and establishing a formal commitment to pay the outstanding amount to an educational institution.
find out more
Promissory Letter For Late Payment
A UAE-compliant legal document containing an unconditional promise to pay an outstanding debt, serving as an enforceable instrument for debt recovery under UAE law.
find out more
Unconditional Promissory Note
A UAE-governed financial instrument containing an unconditional written promise to pay a specified sum of money, compliant with UAE Federal Law No. 18 of 1993.
find out more
Promissory Note To Pay Remaining Balance
A UAE-compliant legal instrument documenting a promise to pay a remaining balance, enforceable under UAE Commercial Transactions Law.
find out more
Promissory Note For Examination Payment
A UAE-governed promissory note documenting a formal commitment to pay examination fees to an educational institution, with specific payment terms and legal enforceability.
find out more
Promissory Note For Balance Payment
A UAE-governed financial instrument containing an unconditional written promise to pay a specified outstanding balance to a designated party, enforceable under UAE Commercial Transactions Law.
find out more
Promissory Letter For Work
A UAE-governed formal written commitment document used in employment contexts to make legally binding promises regarding work-related matters.
find out more
Cash Promissory Note
A UAE-governed negotiable instrument containing an unconditional promise to pay a specified sum of money, regulated under UAE Commercial Transactions Law.
find out more
Corporate Promissory Note
A UAE-compliant negotiable instrument containing a company's unconditional written promise to pay a specified sum to a designated party, structured according to UAE Commercial Law requirements.
find out more
Simple Promissory Note Between Family Members
A UAE-compliant promissory note template for documenting financial promises between family members, incorporating local legal requirements and Sharia principles.
find out more
Bill Of Sale With Promissory Note For Automobile
A UAE-compliant combined Bill of Sale and Promissory Note document for automobile transactions, incorporating vehicle sale terms and structured payment arrangements.
find out more
Installment Promissory Note
A UAE law-governed financial instrument documenting a promise to pay a specified sum through scheduled installments, compliant with UAE Commercial Transactions Law.
find out more
International Promissory Note
A UAE law-governed promissory note containing an unconditional promise to pay a specified sum internationally, structured to meet UAE Commercial Transactions Law requirements.
find out more
Simple Promissory Note For Personal Loan
A UAE-compliant legal document containing a written promise to pay a specified sum of money, governed by UAE Federal Law No. 18 of 1993.
find out more
Loan Note
UAE-governed debt instrument detailing loan terms and repayment obligations, structured to comply with UAE law and Sharia principles.
find out more
Unsecured Promissory Note
A UAE law-governed written promise to pay a specified sum of money without collateral, compliant with UAE Federal Commercial Transactions Law.
find out more
Trust Deed And Note
A UAE law-governed instrument combining trust establishment and debt obligation provisions, typically used in DIFC/ADGM free zones and mainland UAE.
find out more
Secured Promissory Note
A UAE-governed financial instrument combining a promise to pay with security interest in collateral, providing creditors with both payment rights and asset security.
find out more
Promissory Note Without Interest
A UAE-compliant financial instrument containing an unconditional promise to pay a specified sum without interest, structured under UAE Commercial Law and Sharia principles.
find out more
Promissory Note With Notary
A UAE-governed notarized financial instrument containing an unconditional promise to pay a specified sum of money, authenticated by a UAE Notary Public for enhanced legal enforceability.
find out more
Promissory Note For Delayed Documents
A UAE-compliant financial instrument combining a promise to pay with acknowledgment of pending documentation, commonly used in trade finance and commercial transactions.
find out more
Promise Promissory Note For Hospital Bill
A UAE-governed legal document establishing a binding promise to pay for hospital services, documenting the debt acknowledgment and payment terms between healthcare provider and patient/guarantor.
find out more
Note Trust Deed
A UAE-law governed trust arrangement document that establishes and regulates the relationship between note issuers, trustees, and noteholders, setting out terms for note issuance and administration.
find out more
Non Negotiable Promissory Note
A UAE-governed financial instrument containing an unconditional promise to pay a specified sum to a designated payee, which cannot be transferred or negotiated to other parties.
find out more
Convertible Promissory Note
UAE-compliant Convertible Promissory Note template for structuring convertible debt investments, suitable for early-stage funding rounds under UAE law.
find out more
Balloon Promissory Note
A UAE law-governed promissory note featuring regular installments with a larger final balloon payment, compliant with UAE commercial law and Islamic finance principles.
find out more
Promissory Note With Personal Guarantee
A UAE-law governed financial instrument combining a promissory note with a personal guarantee, establishing an unconditional promise to pay with additional security through personal guarantee.
find out more
Promissory Note With Collateral
A UAE-governed financial instrument combining a promise to pay with security over specified collateral assets, providing enhanced protection for the payee under UAE Commercial Law.
find out more
Promissory Note Letter
A UAE-compliant written promise to pay a specified sum of money, serving as a legally binding and negotiable instrument under UAE Commercial Transactions Law.
find out more
Payable On Demand Promissory Note
A UAE-governed financial instrument containing an unconditional promise to pay a specified sum on demand, compliant with UAE Commercial Transactions Law.
find out more
Full Recourse Promissory Note
A UAE-governed financial instrument containing an unconditional promise to pay a specified sum, with full recourse rights against the maker's assets under UAE Commercial Transactions Law.
find out more
Lender Promissory Note
A UAE-governed financial instrument containing a legally binding promise to pay a specified sum to a lender, compliant with UAE Commercial Code and banking regulations.
find out more
Letter Of Promissory Note For Tuition Fee
A UAE-governed promissory note documenting a formal commitment to pay educational institution tuition fees, enforceable under UAE Federal Law.
find out more
Partial Recourse Promissory Note
A UAE-governed negotiable instrument containing a promise to pay with limited recourse rights, combining standard promissory note features with specific recovery limitations.
find out more
Promissory Note For Past Due Rent
A UAE-governed legal document where a tenant formally promises to pay overdue rent to their landlord, enforceable under UAE Federal Laws.
find out more
Credit Card Promissory Note
A UAE law-governed promissory note documenting a cardholder's formal promise to pay outstanding credit card debt to the issuing bank.
find out more
Amended And Restated Promissory Note
A UAE law-governed document that amends and restates an existing promissory note, incorporating modified payment terms while maintaining the original obligation's continuity.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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)