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The Personal Guarantee Promissory Note is commonly used in Indonesian business transactions where additional security is required beyond a simple promise to pay. This document type is particularly valuable when a creditor seeks extra assurance through a personal guarantor while maintaining the simplified enforcement mechanisms available for promissory notes under Indonesian law. The document must comply with requirements set forth in the Indonesian Commercial Code (KUHD) and Civil Code (KUHPer), particularly regarding form requirements and guarantee provisions. It typically includes specific details about the debt obligation, payment terms, the scope of the guarantee, and enforcement mechanisms. This instrument is frequently used in business loans, commercial transactions, and other financing arrangements where personal guarantees from directors, shareholders, or other individuals are required to secure the obligation.

1. Date and Place of Execution: Clear statement of when and where the promissory note is executed, which is crucial for enforcement and limitation periods

2. Parties: Identification of the Maker (promisor), Payee (promisee), and Guarantor with complete legal names and addresses

3. Promise to Pay: Unconditional promise to pay a specific sum of money, including the amount in both numbers and words

4. Payment Terms: Specific details about payment date(s), payment method, and location of payment

5. Guarantee Statement: Express statement of personal guarantee, including the scope of the guarantee and the guarantor's obligations

6. Default Provisions: Conditions constituting default and consequences of default

7. Enforcement Provisions: Terms regarding the enforcement of the note and guarantee, including any specific Indonesian law requirements

8. Signatures: Signature blocks for all parties with proper attestation requirements