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The Promissory Note With Personal Guarantee is a crucial financial instrument used in Indonesian business and lending transactions when a party requires additional security beyond a basic promise to pay. This document type combines two key elements: a promissory note (surat sanggup) that contains an unconditional promise to pay a specified sum, and a personal guarantee (borgtocht) where a third party guarantees the payment obligation. It is commonly used in situations where lenders or creditors seek additional assurance for debt repayment, particularly in business loans, trade finance, or personal lending arrangements. The document must comply with Indonesian Civil Code (KUHPerdata) requirements for both negotiable instruments and guarantee agreements, making it enforceable in Indonesian courts. It's especially valuable for transactions where the creditor wants recourse to both the primary debtor and a financially capable guarantor.

1. Place and Date: Location and date of execution of the promissory note

2. Promise to Pay: Clear statement of the unconditional promise to pay a specific sum

3. Principal Amount: The amount of money being promised, stated in both numbers and words

4. Payment Terms: Due date, interest rate, and payment schedule details

5. Maker Details: Full legal name and address of the person making the promise to pay

6. Payee Details: Full legal name and address of the person to whom payment is promised

7. Personal Guarantee Declaration: Express statement of personal guarantee and scope of the guarantee

8. Guarantor Details: Full legal name and address of the guarantor

9. Default Provisions: Consequences of non-payment and events constituting default

10. Enforcement Rights: Rights of the payee to enforce the note and guarantee upon default

11. Governing Law: Statement that the note is governed by Indonesian law

12. Signature Blocks: Spaces for signatures of maker and guarantor with witness provisions