Commercial Promissory Note

Commercial Promissory Note Template for Singapore

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

4.6 / 5

4.8 / 5

Let's create your Commercial Promissory Note

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

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:

"I need a Commercial Promissory Note under Singapore law for a secured loan of SGD 500,000 to be repaid in quarterly installments over 18 months, starting from March 1, 2025, with an annual interest rate of 5.5% and our manufacturing equipment as collateral."

Document background

Commercial Promissory Notes are widely used in Singapore's business environment as negotiable debt instruments. They provide a formal mechanism for documenting financial obligations and facilitating commercial transactions. Under Singapore law, a Commercial Promissory Note must contain an unconditional promise to pay, be properly executed, and comply with the Bills of Exchange Act (Chapter 23). These instruments are particularly useful for business financing, supplier credit arrangements, and structured payment plans, offering a secure and legally recognized method of documenting debt obligations.

Suggested Sections

1. Promise to Pay Statement: Unconditional promise to pay a specific sum

2. Payment Amount: Precise amount in numbers and words

3. Payment Date: Specific date or on-demand terms

4. Maker Details: Full legal name and address of the party making the promise

5. Payee Details: Full legal name and address of the party to be paid

6. Execution Block: Signature section with date and witness provisions

Optional Sections

1. Interest Rate Provisions: Terms for interest payment, used when note carries interest

2. Security Provisions: Details of any collateral or security

3. Default Provisions: Consequences of default and acceleration clauses

4. Transfer Rights: Terms regarding negotiability and assignment

Suggested Schedules

1. Payment Schedule: If installment payments are involved, details of payment dates and amounts

2. Security Details: Description of any collateral or security arrangements

3. Calculation of Interest: Method and examples of interest calculation if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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 and Financial Services
Commercial Real Estate
Manufacturing
Import/Export
Retail

Relevant Teams

Finance
Treasury
Legal
Accounting
Credit Control

Relevant Roles

Chief Financial Officer
Treasury Manager
Finance Director
Credit Manager
Accounts Receivable Manager

��������Ƶ

How a Sales & Marketing Lead uses ��������Ƶ to reduce contract drafting time by 95%

Let's create your Commercial Promissory Note

Authors

Alex Denne

Find the exact document you need

Unsecured Promissory Note

Trust Deed And Note

Standard Promissory Note

Secured Promissory Note

Promissory Sale And Purchase Agreement

Promissory Note Without Interest

Promissory Note With Notary

Promissory Note Seller Financing

Promissory Note Rental Payment

Promissory Note Letter For Delayed Payment

Promissory Note For Tuition Fee With Partial Payment

Promissory Note For Late Payment Of Tuition Fee

Promissory Note For Lacking Documents

Promissory Note For Delayed Payment

Promissory Note For Delayed Documents

Promissory Note For Car

Promissory Note Compound Interest

Promissory Letter For Hospital Bill

Promissory Deed

Promise Promissory Note For Hospital Bill

Note Trust Deed

Negotiable Promissory Note

Non Negotiable Promissory Note

Installment Payment Promissory Note

Hospital Bill Promissory Note

Government Promissory Note

Financial Promissory Note

Convertible Promissory Note

Bank Promissory Note

Balloon Promissory Note

Simple Note Payable Agreement

Senior Promissory Note

Promissory Note With Personal Guarantee

Promissory Note Mortgage

Promissory Note Monthly Payments

Promissory Note For Property

Payable On Demand Promissory Note

Non Recourse Promissory Note

Full Recourse Promissory Note

Promissory Note In English

Unsecured Promissory Note Lump Sum Payment

Promissory Note Signed By Borrower Only

Promissory Note For Down Payment

Letter Of Promissory Note For Tuition Fee

Partial Recourse Promissory Note

6 Month Promissory Note

Promissory Note For Partial Payment

Replacement Promissory Note

Promissory Note For Land Purchase

Forgivable Promissory Note

Amended Promissory Note

Promissory Note With Payment Schedule

Grid Promissory Note

Registered Promissory Note

Simple Promise To Pay Agreement

Promissory Note Payable

Promissory Note For Shares

Promissory Certificate

Owner Financing Promissory Note

Promissory Note Between Family Members

Non Interest Bearing Promissory Note

Intercompany Promissory Note

Simple Promissory Note No Interest

Promissory Note With Interest

No Interest Promissory Note

I Owe You Promissory Note

Equity Promissory Note

Employee Loan Promissory Note

Unsecured Convertible Promissory Note

Subordinated Promissory Note

Guarantee Promissory Note

Demand Note Payable

Commercial Promissory Note

Letter Of Credit Promissory Note

��Ƶ

How a Sales & Marketing Lead uses ��Ƶ to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise