Lend money with a simple and straightforward loan document secured by the borrower's property. Repayment is to be made in 1 initial down-payment then equal monthly installments
A Promissory Note is a legally binding document where a person lends money (the “lender”) to another person (the “borrower”) subject to the borrower’s obligation to repay, sometimes with interest. The loan contract stipulates the terms of the loan such as the (1) amount loaned; (2) interest rate; and (3) terms of payment.
A Promissory Note may also be either secured or unsecured. A secured loan refers to a loan protected by a collateral which the lender can sell if the borrower fails to timely pay the loan. A collateral can be either movable property (i.e. jewelry) or immovable property (i.e. a house). On the other hand, an unsecured loan refers to a loan that offers no collateral and leaves the lender with no property that can be readily sold to pay off the loan if the borrower defaults.
With Legal Tree you can easily create and customize the right Promissory Note for you depending on your situation.
Lend money with a simple and straightforward loan document secured by the borrower's property. Repayment is to be made in equal monthly installments.
A Promissory Note is a legally binding document where a person lends money (the “lender”) to another person (the “borrower”) subject to the borrower’s obligation to repay, sometimes with interest. The loan contract stipulates the terms of the loan such as the (1) amount loaned; (2) interest rate; and (3) terms of payment.
A Promissory Note may also be either secured or unsecured. A secured loan refers to a loan protected by a collateral which the lender can sell if the borrower fails to timely pay the loan. A collateral can be either movable property (i.e. jewelry) or immovable property (i.e. a house). On the other hand, an unsecured loan refers to a loan that offers no collateral and leaves the lender with no property that can be readily sold to pay off the loan if the borrower defaults.
With Legal Tree you can easily create and customize the right Promissory Note for you depending on your situation.
Lend money with a simple and straightforward loan document secured by the borrower's property. Repayment is to be made in 1 lump-sum.
A Promissory Note is a legally binding document where a person lends money (the “lender”) to another person (the “borrower”) subject to the borrower’s obligation to repay, sometimes with interest. The loan contract stipulates the terms of the loan such as the (1) amount loaned; (2) interest rate; and (3) terms of payment.
A Promissory Note may also be either secured or unsecured. A secured loan refers to a loan protected by a collateral which the lender can sell if the borrower fails to timely pay the loan. A collateral can be either movable property (i.e. jewelry) or immovable property (i.e. a house). On the other hand, an unsecured loan refers to a loan that offers no collateral and leaves the lender with no property that can be readily sold to pay off the loan if the borrower defaults.
With Legal Tree you can easily create and customize the right Promissory Note for you depending on your situation.
Authorize another person to sell property on your behalf.
A Special Power of Attorney to Sell allows a person (the “agent”) to sell property on another person’s behalf (the “principal”). The agent can sell the property specified in the power of attorney under terms he deems most beneficial to the principal.
Authorize another person to transact with the BIR on your behalf
A Special Power of Attorney allows a person (the “agent”) to act and decide on another person’s behalf (the “principal”). The agent is granted specific and limited powers to handle the principal’s affairs (e.g. property, financial, legal).
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