Sample Promissory Note: Fill & Download for Free

Yes, it would be smart to memorialize (write down) the agreement.Indicate the names of the parties and specifics of the amount borrowed, the date borrowed, the interest rate, if any, the due date, and penalties for late payment, if any. Sign & date.You can find a sample Promissory Note online.

I loaned money to a friend and obtained a PROMISSORY NOTE secured by the title to his car. I Googled the text for a Promissory Note, which I modified to reflect the terms that I want fulfilled in exchange for my loan. I gave him a two year grace period before the loan was due. I asked for filing fee costs and interest on the loan if not paid in full by the due date. Finally after two years he started making payments instead of paying the debt in full. You have a better chance of collecting your debt in court with a Promissory Note.After two years I filed a plaintiff’s claim and order to go to Small Claims Court [Los Angeles]. The court adds daily interest to the claim. Three court shows contacted me to come on their shows and settle my claim. I did not loan the money to get my case heard on television and he did not want to appear. Every attempt I made to collect the debt was an additional cost. Since I had to wait so many years, I decided to put a lien on his property. He finally paid the debt in full [minus interest].Be sure to include as much information as possible.Borrower/Lender informationTransaction details, payment details, interest detailscollateral, date and location, etc.My first recommendation is never loan money that you cannot live without [forever]. If you still decide to loan money to a friend or family member, obtain a promissory note, which is a promise to pay back. Once you obtain judgment, there will be additional costs for collection. There are no guarantees that you will collect on the judgment. There are samples of Promissory Notes or text that you can modify to define the terms of your Promissory Note.

Netaji Subhas Chandra Bose established the Bank of Independence or Azad Hind Bank in 1944 in Rangoon, Burma to manage funds donated by the Indian community across the world for the Liberation of India.5 April 1944, the "Azad Hind Bank" was inaugurated at Rangoon. It was on this occasion that Netaji used this chair for the first time.Bose had formed the provisional government of Azad Hind on October 21, 1943. He declared his decision for war against the British and its allies on October 23, 1943, from the radio station of Azad Hind. The provisional government, as a follow-up step, established the National Bank of Azad Hind and struck its own coins and currency notes, among others.The notes are not in Rupees, and it states 'Good Wishes' which we learn as the promissory notes. These notes were to be used after the liberation of India from British occupation as a form of emergency currency. These notes are very crude, usually only printed on one side. The money collected by the Azad Hind Government was kept in the Bank. The bank had an authorised capital of Rs 50 lakh and a paid-up capital of Rs 25 lakh.The notes bear various images of Chandra Bose and other leaders such as Mahatma Gandhi, Captain Lakshmi Swaminathan, the female commander of the INA’s Rani of Jhansi Women's Regiment & Minister for Women's Affairs for the provisional government of Azad Hind, and Jawaharlal Nehru, the first Prime Minister of Independent India.Lastly, A whole collection of stamp, coins, and notes are at Netaji Bhawan. We may never know the truth of many things, more so over about Azad Hind Money where about.Below here is the sample of some of the notes bearing the image of Netaji S.C. Bose.News:The Telegraph - Calcutta (Kolkata)Netaji currency made public.The mysterious case of the missing millions.Picture Source: Google