Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Promissory Note For Unpaid Balance
"I need a Promissory Note For Unpaid Balance for a PHP 500,000 business debt to be paid in 12 monthly installments starting March 2025, with a 12% annual interest rate and secured by company equipment."
1. Header and Date: Identifies the document as a Promissory Note and specifies the date of execution
2. Principal Amount: States the total unpaid balance amount in both numbers and words to avoid ambiguity
3. Parties: Identifies the maker (debtor) and payee (creditor) with their complete legal names and addresses
4. Promise to Pay: Contains the unconditional promise to pay the specified amount, which is essential for the note's validity under the NIL
5. Payment Terms: Specifies how and when payments will be made, including installment amounts and due dates
6. Interest Rate: States the applicable interest rate on the unpaid balance, ensuring compliance with Philippine usury laws
7. Default Provisions: Outlines what constitutes default and its consequences, including acceleration of the debt
8. Signature Block: Space for signatures of the maker and witness(es), with proper notarization provisions
1. Security/Collateral: Include when the note is secured by specific assets or collateral
2. Co-Maker Provision: Include when there is a co-maker or guarantor for the debt
3. Attorney's Fees: Include when parties agree that the maker will pay legal fees in case of collection proceedings
4. Prepayment Terms: Include when early payment is allowed and any associated conditions or penalties
5. Place of Payment: Include when payments must be made at a specific location or through specific means
6. Post-Dated Checks: Include when post-dated checks are provided as payment mechanism
1. Payment Schedule: Detailed breakdown of installment payments showing due dates and amounts
2. Collateral Details: If applicable, detailed description of assets serving as security for the note
3. Amortization Table: Schedule showing breakdown of payments into principal and interest components
Authors
Banking and Financial Services
Real Estate
Retail
Manufacturing
Construction
Agriculture
Professional Services
Healthcare
Education
Small and Medium Enterprises
Consumer Lending
Legal
Finance
Credit and Collections
Treasury
Risk Management
Compliance
Accounts Receivable
Corporate Finance
Business Operations
Credit Manager
Financial Controller
Collections Officer
Legal Counsel
Finance Director
Accounts Receivable Manager
Risk Manager
Treasury Manager
Compliance Officer
Business Development Manager
Contract Administrator
Chief Financial Officer
Credit Analyst
Loan Officer
Find the exact document you need
Promissory Note Between Individuals
An Indonesian law-governed promissory note documenting a personal loan agreement between individuals, including loan terms and repayment obligations.
Promissory Note For Lacking Document
A Saudi Arabian legal instrument acknowledging debt obligations where original documentation is missing, combining conventional financial practice with Sharia compliance requirements.
Promissory Note For Delayed Document
A Saudi Arabian legal instrument representing a promise to pay a specified sum while accommodating delayed documentation submission, governed by Saudi commercial law and Shariah principles.
Promissory Note For House Payment
A Philippine law-compliant financial instrument documenting a promise to pay for property through installments, including payment terms and security provisions.
Promissory Note For Unpaid Balance
A Philippine law-governed financial instrument documenting a promise to pay an outstanding balance with specified terms and conditions.
Promissory Note For Medical Bill
A Philippine law-governed document establishing a patient's legal commitment to pay for medical services received, including payment terms and conditions.
Promissory Note Promise To Pay
A Qatar law-governed negotiable instrument containing an unconditional promise to pay a specified sum, compliant with both Qatar Commercial Code and Sharia principles.
Promissory Note Form
A South African law-compliant financial instrument containing a written promise to pay a specified sum of money, governed by the Bills of Exchange Act.
Iou Note
A Maltese law-governed promissory note documenting a formal promise to pay a specified sum of money under defined terms and conditions.
Promissory Note (Real Estate)
A legally binding promise to pay document under Pakistani law, secured by real estate property, outlining payment terms and security arrangements.
Download our whitepaper on the future of AI in Legal
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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.