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Promissory Note For Tuition Fee With Partial Payment
"I need a Promissory Note For Tuition Fee With Partial Payment for a medical school student who will pay SGD 45,000 in monthly installments over 24 months starting March 2025, with a parent as guarantor."
1. Promise to Pay: Clear statement of the debt amount and promise to repay by the maker of the note
2. Payment Schedule: Detailed breakdown of installment amounts and due dates for tuition fee payments
3. Maker Details: Full identification and contact information of the person making the promise to pay
4. Payee Details: Full identification and contact information of the educational institution receiving payment
5. Date and Execution: When the note is signed and becomes effective, including execution requirements
1. Interest Rate: Terms for interest on late payments or outstanding amounts, including calculation method and rate
2. Acceleration Clause: Provision making entire amount due upon default of any installment payment
3. Guarantor Section: Details and obligations of any person guaranteeing the payment of the note
4. Default and Remedies: Consequences of default and available remedies for the payee
1. Schedule A - Payment Schedule: Detailed table showing all payment dates, installment amounts, and running balance
2. Schedule B - Course Details: Information about the educational program being funded, including course name, duration, and total fees
3. Schedule C - Institution Policies: Relevant institutional policies regarding fees, payments, and refunds
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