The Unsecured Promissory Note is commonly used in the Philippines for both business and personal lending transactions where collateral is not required or practical. This document is particularly useful for short-term financing, business loans, or personal lending arrangements where the parties have established trust or where the credit risk is considered acceptable without security. Governed by Philippine law, particularly the Civil Code and banking regulations, the note must include specific elements to be legally enforceable, such as an unconditional promise to pay, a definite sum, and a specified payment date or schedule. While simpler than secured lending instruments, an Unsecured Promissory Note still requires careful drafting to ensure enforceability and protect both parties' interests, especially given its unsecured nature.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Date and Place of Execution: Specifies when and where the promissory note is executed, essential for determining jurisdiction and maturity
2. Parties: Identifies the maker/promisor (debtor) and the payee/promisee (creditor) with complete legal names and addresses
3. Promise to Pay: Clear and unconditional promise to pay a specific sum of money, including the principal amount in both numbers and words
4. Payment Terms: Specifies the payment schedule, interest rate, maturity date, and method of payment
5. Default Provisions: Outlines what constitutes default and its consequences, including acceleration clause
6. Representations and Warranties: Basic statements about the maker's capacity and authority to execute the note
7. Governing Law: Specifies that Philippine law governs the promissory note
8. Signature Block: Space for signatures of the maker and witness(es)
1. Co-Maker Provisions: Include when there is a co-maker or guarantor for the note
2. Prepayment Terms: Include when early payment is allowed, specifying any penalties or conditions
3. Collection Costs: Include when the maker will be responsible for collection costs and attorney's fees in case of default
4. Waiver Provisions: Include when specific legal rights are being waived, such as presentment or notice of dishonor
5. Assignment Clause: Include when the note may be assigned or transferred to other parties
6. Electronic Execution: Include when the note may be executed electronically under the E-Commerce Act
1. Payment Schedule: Detailed breakdown of payment dates and amounts, if installment payments are involved
2. Interest Calculation Method: Detailed explanation of how interest is calculated, especially for variable rates
3. Additional Terms and Conditions: Any supplementary terms that are too detailed for the main document
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Small and Medium Enterprises
Retail
Manufacturing
Professional Services
Agriculture
Construction
Technology
Education
Relevant Teams
Legal
Finance
Treasury
Credit and Collections
Risk Management
Compliance
Corporate Secretariat
Accounts Receivable
Business Development
Relevant Roles
Chief Financial Officer
Finance Manager
Credit Officer
Risk Manager
Legal Counsel
Compliance Officer
Treasury Manager
Accounts Receivable Manager
Corporate Secretary
Business Development Manager
Loan Officer
Financial Controller
Credit Analyst
Collections Manager
Find the exact document you need
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.
Download
Promissory Note For Unpaid Balance
A Philippine law-governed financial instrument documenting a promise to pay an outstanding balance with specified terms and conditions.
Download
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.
Download
Promissory Note For Car Loan
A Philippine-law governed promissory note documenting a secured loan for vehicle purchase, including payment terms and security interest details.
Download
Promissory Note For Late Rental Payment
A Philippine law-governed document that formalizes a tenant's promise to pay overdue rent, including payment terms and conditions.
Download
Construction Promissory Note
A Philippine-law governed promissory note specifically designed for construction projects, documenting a legally binding promise to pay for construction services or materials.
Download
Promissory Note For Housing Loan
A Philippine-compliant legal document evidencing a borrower's promise to repay a housing loan, including loan terms and property details as collateral.
Download
Promissory Note For Tuition
A Philippine-compliant promissory note documenting a student's or guardian's formal promise to pay tuition fees to an educational institution.
Download
Promissory Note For Late Payment
A Philippine law-governed document containing a formal promise to pay an overdue debt, specifying new payment terms and conditions.
Download
Promissory Note
A Philippine law-governed financial instrument containing a written promise to pay a specified sum of money, compliant with local Negotiable Instruments Law and Civil Code requirements.
Download
Promissory Note For Remaining Balance
A Philippine law-compliant financial document establishing terms for paying a remaining balance, including payment schedule and obligations of all parties.
Download
Straight Note Loan
A Philippine law-governed loan agreement for a single-payment loan with interest due at maturity.
Download
Secured Demand Note
A Philippine law-governed financial instrument creating a secured debt obligation payable on demand, combining features of a promissory note with security interests in specific assets.
Download
Debt Promissory Note
A Philippine law-governed document evidencing a promise to pay a specified sum of money, including terms of repayment and interest.
Download
Promissory Note To Follow Documents
A Philippine law-governed financial instrument committing payment against future delivery of trade documents, commonly used in international trade finance.
Download
Promissory Note For Honorable Dismissal
A Philippine legal document establishing a student's promise to pay outstanding obligations to secure an honorable dismissal certificate from an educational institution.
Download
Promissory Note To Pay Remaining Balance
A Philippine law-governed financial instrument documenting a promise to pay a remaining balance, setting forth payment terms and conditions under the Negotiable Instruments Law.
Download
Promissory Note For Examination Payment
A Philippine law-compliant promissory note specifically designed for guaranteeing payment of examination fees to educational institutions or examination providers.
Download
Loan Note
A Philippine law-governed document establishing the terms and conditions of a loan agreement, including principal, interest, and repayment terms.
Download
Unsecured Promissory Note
A Philippine law-governed financial instrument documenting an unsecured promise to pay a specified sum of money, creating a legally binding obligation between maker and payee.
Download
Standard Promissory Note
A legally binding written promise to pay a specified sum of money under Philippine law, governed by the Negotiable Instruments Law and Civil Code.
Download
Secured Promissory Note
A Philippine law-governed financial instrument combining a promise to pay with security interests in collateral, establishing loan terms and creditor protection through asset backing.
Download
Promissory Note For Tuition Fee With Partial Payment
A Philippine-law governed promissory note establishing terms for partial payment of tuition fees between educational institutions and students/guardians.
Download
Promissory Note For Lacking Documents
A Philippine legal instrument that documents a debt obligation while acknowledging and accounting for temporarily missing formal documentation, governed by Philippine commercial and civil law.
Download
Promissory Note For Delayed Payment
A legal financial instrument under Philippine law documenting a promise to pay a specified sum at a future date, governed by the Negotiable Instruments Law and Civil Code.
Download
Promise Promissory Note For Hospital Bill
A Philippine-compliant promissory note documenting a patient's commitment to pay outstanding hospital bills, including payment terms and conditions.
Download
Government Promissory Note
A Philippine government debt instrument representing an unconditional promise to pay a specified sum with interest, governed by Philippine law.
Download
Convertible Promissory Note
A Philippine law-governed debt instrument that can convert into company equity shares under specified conditions, combining elements of both debt and potential future equity investment.
Download
Time Promissory Note
A Philippine-compliant financial instrument containing a written promise to pay a specific sum of money at a future date, governed by local Negotiable Instruments Law.
Download
Straight Promissory Note
A Philippine-law governed financial instrument containing an unconditional promise to pay a specified sum of money at a determined future date or on demand.
Download
Senior Promissory Note
A Philippine law-governed financial instrument establishing a senior-ranking promise to pay a specified sum with defined terms and conditions.
Download
Promissory Note With Collateral
A Philippine law-governed financial instrument combining a promise to pay with collateral security provisions, creating a secured debt obligation.
Download
Promissory Note Letter
A Philippine law-compliant written promise to pay a specific sum of money, detailing payment terms and conditions under Philippine banking and commercial regulations.
Download
Promissory Note Installment Payments
A Philippine law-governed financial document establishing a promise to pay a specified sum through scheduled installment payments, with defined terms and conditions.
Download
Non Recourse Promissory Note
A Philippine-law governed promissory note limiting the lender's recovery rights exclusively to specified collateral, with no recourse to the borrower's other assets.
Download
Full Recourse Promissory Note
A Philippine-law governed promissory note providing lenders with full recourse to the borrower's assets for debt recovery.
Download
Promissory Note For Family Loan
A legally binding document under Philippine law that formalizes and documents monetary loans between family members, establishing repayment terms and conditions.
Download
Unsecured Promissory Note Installment Payments
A Philippine-law governed promissory note documenting an unsecured loan repayable in installments, including payment terms and interest calculations compliant with local regulations.
Download
Promissory Note Shareholder Loan To Corporation
A Philippine law-governed promissory note documenting a loan from a shareholder to their corporation, establishing loan terms and conditions.
Download
Partial Claim Promissory Note
A Philippine law-governed financial instrument documenting a promise to pay a specific portion of a larger debt obligation, with defined payment terms and conditions.
Download
ұԾ’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; ұԾ’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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)