¶¶Òõ¶ÌÊÓƵ

All Countries
Banking
Promissory Note Credit Agreement

Promissory Note Credit Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Promissory Note Credit Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Promissory Note Credit Agreement

"I need a Promissory Note Credit Agreement for a secured corporate loan of INR 50 million to be disbursed in March 2025, with quarterly repayments over 3 years, including provisions for company assets as collateral and personal guarantees from two directors."

Celebrated by
Collaborations with
Investors
Document background
The Promissory Note Credit Agreement is commonly used in Indian lending transactions where lenders seek both the simplicity of a negotiable instrument and the protection of a detailed loan agreement. This document type is particularly valuable when extending credit facilities ranging from simple business loans to complex structured financing arrangements. It must comply with the Negotiable Instruments Act, 1881, the Indian Contract Act, 1872, and applicable banking regulations. The agreement typically includes comprehensive terms covering loan amount, interest calculations, repayment schedules, security provisions, and enforcement mechanisms. It's especially useful for financial institutions seeking efficient documentation that provides strong enforcement rights while maintaining detailed loan terms and conditions.
Suggested Sections

1. Parties: Identification of the lender and borrower with complete details as required under Indian law

2. Background: Context of the credit facility and purpose of the loan

3. Definitions: Key terms used throughout the agreement

4. Promise to Pay: Unconditional promise to pay a specific sum with specified interest rate

5. Loan Amount and Disbursement: Details of the principal amount and disbursement mechanism

6. Interest Rate and Calculation: Specification of interest rate, calculation method, and payment frequency

7. Repayment Terms: Schedule of repayments, including principal and interest payment dates

8. Events of Default: Circumstances constituting default and consequences thereof

9. Representations and Warranties: Standard declarations by the borrower about their legal status and capacity

10. Rights and Remedies: Legal recourse available to the lender in case of default

11. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

Optional Sections

1. Security Provisions: Required if the loan is secured by any assets or guarantees

2. Guarantor Provisions: Required if there are third-party guarantors for the loan

3. Insurance Requirements: Required if specific insurance coverage is mandatory for the borrower

4. Prepayment Terms: Include if early repayment is allowed, specifying any prepayment penalties

5. Change in Circumstances: Include for longer-term loans to address potential legal or regulatory changes

6. Assignment and Transfer: Include if either party may need to transfer their rights or obligations

7. Electronic Communication: Include if parties agree to electronic notices and communications

Suggested Schedules

1. Repayment Schedule: Detailed amortization table showing payment dates and amounts

2. Security Details: Specific description of any security or collateral provided

3. Conditions Precedent: List of documents and conditions required before loan disbursement

4. Fee Schedule: Breakdown of all applicable fees and charges

5. Form of Disbursement Request: Standard format for requesting loan disbursement

6. KYC Documents: List of required Know Your Customer documents

7. Specimen Signatures: Authorized signatures of parties and witnesses

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






































Clauses





























Relevant Industries

Banking & Financial Services

Microfinance

Real Estate

Manufacturing

Trading

Small and Medium Enterprises

Agriculture

Retail

Infrastructure

Technology

Relevant Teams

Legal

Finance

Risk Management

Compliance

Treasury

Credit Administration

Corporate Banking

Documentation

Operations

Underwriting

Relevant Roles

Chief Financial Officer

Finance Manager

Legal Counsel

Credit Manager

Risk Management Officer

Compliance Officer

Banking Relationship Manager

Treasury Manager

Corporate Finance Director

Loan Officer

Company Secretary

Contract Manager

Financial Controller

Credit Analyst

Legal Documentation Specialist

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Individual Voluntary Credit Agreement

An Indian law-governed agreement establishing voluntary credit terms between a lender and individual borrower, compliant with RBI guidelines and banking regulations.

find out more

Deleted Credit Agreement

An Indian law-governed agreement documenting the termination and deletion of a credit facility, including settlement acknowledgments and mutual releases.

find out more

Credit Repair Contract

An Indian law-governed agreement between a credit repair service provider and client, outlining credit repair services, obligations, and terms.

find out more

Debt Consolidation Agreement

An Indian law-governed agreement that combines multiple existing debts into a single loan with unified terms and conditions, compliant with Indian banking regulations.

find out more

Large Credit Agreement

A comprehensive credit facility agreement under Indian law establishing terms for large-scale institutional lending, incorporating local regulatory requirements and security provisions.

find out more

Available Amount Credit Agreement

An Indian law-governed credit facility agreement allowing borrowers to draw funds up to a specified limit during an agreed availability period.

find out more

Debtor Creditor Supplier Agreement

An Indian law-governed tripartite agreement establishing supply and credit arrangements between supplier, debtor, and creditor, with associated payment and security terms.

find out more

Voluntary Surrender Agreement

An Indian legal document facilitating the voluntary surrender of property or asset rights from one party to another, ensuring compliance with local laws and regulations.

find out more

Incidental Credit Agreement

An Indian law-governed agreement establishing terms for incidental credit facilities between a credit provider and borrower, addressing ancillary credit arrangements in business relationships.

find out more

Application For Credit Facility Letter

An Indian banking document used to formally request and document credit facilities from financial institutions, subject to RBI regulations and banking laws.

find out more

Inter Credit Agreement

An Indian law-governed agreement establishing credit facilities between financial institutions, detailing lending terms and regulatory compliance requirements.

find out more

Credit Hire Agreement

An Indian law-governed agreement establishing terms for asset hiring with credit payment facilities, combining hire and credit facility provisions.

find out more

Retail Installment Credit Agreement

An Indian law-governed agreement establishing terms for retail credit between a financial institution and consumer, compliant with RBI guidelines and consumer protection regulations.

find out more

Credit Card Debt Settlement Agreement

An Indian law-governed agreement between a financial institution and debtor for settling outstanding credit card debt, specifying settlement terms and payment conditions.

find out more

Credit Card Arbitration Agreement

An Indian law-governed agreement establishing arbitration as the dispute resolution mechanism between credit card issuers and cardholders.

find out more

Credit Partner Agreement

An Indian law-governed agreement establishing terms and conditions between a financial institution and credit partner for credit distribution and risk-sharing arrangements.

find out more

Business Line Of Credit Agreement

An Indian law-governed agreement establishing a revolving credit facility between a financial institution and a business, outlining borrowing terms and security arrangements.

find out more

Secured Line Of Credit Agreement

An Indian law-governed agreement establishing a secured credit facility between lender and borrower, backed by security interests in assets.

find out more

Credit Card Settlement Agreement

An Indian law-governed agreement between a credit card issuer and cardholder to settle outstanding credit card debt for a reduced amount.

find out more

Unsecured Credit Agreement

An Indian law-governed Unsecured Credit Agreement establishing terms for lending without collateral, compliant with RBI guidelines and banking regulations.

find out more

Development Credit Agreement

An Indian law-governed agreement establishing terms and conditions for development financing between funding institutions and implementing agencies.

find out more

Cash Credit Agreement

An Indian law-governed agreement establishing a revolving credit facility against current assets security, detailing credit limits, interest rates, and operational terms.

find out more

Secured Credit Agreement

An Indian law-governed agreement establishing terms for secured credit facilities, including security arrangements, borrower obligations, and enforcement mechanisms.

find out more

Promissory Note Credit Agreement

An Indian law-governed agreement combining a promissory note with credit facility terms, establishing loan obligations and repayment conditions.

find out more

General Credit Agreement

An Indian law-governed agreement establishing credit facility terms between lender and borrower, including loan conditions, security arrangements, and regulatory compliance requirements.

find out more

Credit Enhancement Agreement

An Indian law-governed agreement providing credit support mechanisms to strengthen financial transactions, detailing enhancement structures and party obligations under Indian regulatory requirements.

find out more

Credit Card Responsibility Agreement

An Indian law-governed agreement establishing terms and conditions between credit card issuers and cardholders, aligned with RBI guidelines.

find out more

Short Term Credit Agreement

An Indian law-governed agreement establishing terms for short-term credit facilities, compliant with RBI guidelines and banking regulations.

find out more

Instalment Credit Agreement

An Indian law-governed agreement establishing terms for credit facility repayment in regular installments, compliant with Indian banking and consumer protection regulations.

find out more

Credit Swap Agreement

An Indian law-governed agreement facilitating the transfer of credit risk between financial institutions, subject to RBI and SEBI regulations.

find out more

30 Day Credit Agreement

An Indian law-governed agreement establishing terms for a 30-day credit facility, including payment terms, interest, and enforcement provisions.

find out more

Credit Service Agreement

An Indian law-governed agreement establishing terms and conditions for credit services between financial institutions and borrowers, ensuring regulatory compliance and protecting all parties' interests.

find out more

Standby Credit Agreement

An Indian law-governed agreement establishing terms for a bank-issued standby credit facility, serving as a contingent payment mechanism in business transactions.

find out more

Revolving Credit Facility Agreement

An Indian law-governed agreement establishing a revolving credit facility between lender and borrower, detailing terms for multiple drawdowns and repayments within an agreed limit.

find out more

Revolving Credit Promissory Note

An Indian law-governed financial instrument combining a promissory note with revolving credit facility features, allowing repeated borrowing up to a set limit with ongoing repayment options.

find out more

Letter Of Credit Reimbursement Agreement

An Indian-law governed agreement establishing terms for LC reimbursement between banks, detailing payment obligations and procedures in accordance with RBI guidelines.

find out more

Home Equity Agreement

An Indian law-governed agreement allowing property owners to monetize their home equity by sharing future appreciation with an investment company.

find out more

Business Credit Agreement

An Indian law-governed agreement establishing terms for business credit facilities between a financial institution and a corporate borrower, including facility terms, security arrangements, and regulatory compliance requirements.

find out more

Letter Of Credit Contract

An Indian law-governed banking instrument that provides payment security in international trade transactions through documented commitments between parties under UCP 600 guidelines.

find out more

Credit Note Agreement

An Indian law-governed agreement that formalizes the issuance of a credit note between parties, ensuring GST compliance and establishing terms for credit adjustments.

find out more

Credit Application Agreement

An Indian law-governed agreement establishing terms for credit application and evaluation between a financial institution and potential borrower.

find out more

Revolving Line Of Credit Agreement

An Indian law-governed agreement establishing a revolving credit facility allowing repeated borrowing up to a specified limit, with comprehensive terms and conditions.

find out more

Employee Credit Card Agreement

An India-compliant agreement governing the issuance and usage of corporate credit cards by employees, outlining terms, responsibilities, and compliance requirements.

find out more

Consumer Credit Contract

An Indian-law governed consumer credit agreement between financial institutions and individual borrowers, compliant with RBI guidelines and consumer protection laws.

find out more

Letter Of Credit Agreement

An Indian law-governed agreement between a bank and an applicant establishing terms for Letter of Credit issuance, incorporating both local banking regulations and international standards.

find out more

Credit Support Agreement

An Indian law-governed agreement establishing terms for providing collateral or credit support in financial transactions, compliant with local regulatory requirements.

find out more

Funds Transfer Agreement

An Indian law-governed agreement establishing terms and conditions for conducting funds transfers between parties, ensuring compliance with Indian banking and financial services regulations.

find out more

Credit Facility Letter

A formal letter issued by Indian banks/financial institutions outlining credit facility terms and conditions, governed by Indian banking laws and RBI guidelines.

find out more

Credit Facilities Agreement

An Indian law-governed agreement establishing terms for credit facilities between lender and borrower, compliant with RBI regulations.

find out more

Credit Assignment Agreement

An Indian law-governed agreement for transferring credit rights from an assignor to an assignee, compliant with the Transfer of Property Act and Contract Act.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s 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 £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.