A Promissory Note Due on Demand is a legal document that enables a lender to loan money and request repayment on demand. This loan agreement differs from a standard Promissory Note because it is payable "on demand." In other words, repayment is due immediately on the lender's request. With this Promissory Note, you will be able to define the terms concerning early payment as well as interest rates. Please be aware that most states regulate the amount of interest a lender may charge, so you may want to ask a lawyer about the laws regarding interest rates where you live.
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