Installment Promissory Note with Final Balloon Payment - When a person or entity (“Lender”) loans money to another person or entity (“Borrower”), the loan is typically formalized with a promissory note. A promissory note will set forth, among other things, the repayment schedule, the interest rate, and defaults.

The Installment Promissory Note with Final Balloon Payment requires equal monthly payments (which include Principal and interest) with a final balloon payment (a final large payment that will include all of the remaining principal and interest).

This form can be used in Ohio.

This package contains: (1) Instructions & Checklist for Installment Promissory Note with Final Balloon Payment; (2) Information for Installment Promissory Note with Final Balloon Payment; and (3) Installment Promissory Note with Final Balloon Payment.