The Interest Only Promissory Note is a specialized financial instrument commonly used in German commercial and private lending arrangements. It is particularly suitable for situations where borrowers seek to minimize their periodic payment obligations by paying only interest during the loan term. The document is structured to comply with German legal requirements, particularly the provisions of the Bürgerliches Gesetzbuch (BGB) regarding loan agreements and interest calculations. This type of promissory note is frequently used in real estate financing, corporate lending, and investment scenarios where cash flow management is crucial. The document includes comprehensive details about interest calculation methods, payment schedules, and principal repayment terms, while ensuring compliance with German banking regulations and, where applicable, consumer protection laws.
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 Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the lender and borrower with full legal names and addresses
2. Background: Brief context of the loan arrangement and relationship between the parties
3. Definitions: Key terms used throughout the document, including 'Interest Payment Dates', 'Principal Amount', 'Interest Rate', etc.
4. Loan Amount: Statement of the principal amount being lent
5. Interest Rate: Specification of the interest rate, calculation method, and compliance with German usury laws
6. Interest Payment Terms: Details of interest payment dates, calculation periods, and payment methods
7. Principal Repayment: Terms regarding the repayment of principal at maturity
8. Event of Default: Circumstances constituting default and consequences thereof
9. Representations and Warranties: Standard declarations by the borrower regarding legal capacity and authority
10. Notices: How and where formal communications between parties should be made
11. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
1. Security: Details of any collateral or security provided - include if the loan is secured
2. Guarantor Provisions: Terms relating to any guarantor of the loan - include if there is a guarantor
3. Prepayment Terms: Conditions for early repayment of principal - include if early repayment is permitted
4. Tax Provisions: Handling of tax implications and withholding requirements - include for cross-border transactions
5. Assignment and Transfer: Terms for transferring the note to another party - include if the note is intended to be transferable
6. Interest Rate Adjustment: Mechanisms for adjusting interest rate - include for variable rate notes
7. Consumer Protection Clauses: Additional protections required by German law - include if borrower is a consumer
1. Interest Calculation Schedule: Detailed methodology for interest calculations and examples
2. Payment Schedule: Table of interest payment dates and amounts
3. Form of Interest Payment Notice: Standard form for interest payment notifications
4. Security Details: Detailed description of any security or collateral (if applicable)
Relevant legal definitions
Applicable Law
Banking Day
Business Day
Default Interest Rate
Event of Default
Interest Calculation Period
Interest Payment Date
Interest Rate
Issue Date
Lender
Loan Amount
Maturity Date
Note
Payment Account
Principal Amount
Principal Repayment Date
Promissory Note
Security
Security Documents
TARGET2
Tax
Interest Determination Date
Interest Period
Late Payment Fee
Material Adverse Effect
Parties
Permitted Transfer
Place of Payment
Relevant Jurisdiction
Repayment Schedule
Transfer
Outstanding Amount
Default Notice
Interest Statement
Payment Currency
Banking Day
Business Day
Default Interest Rate
Event of Default
Interest Calculation Period
Interest Payment Date
Interest Rate
Issue Date
Lender
Loan Amount
Maturity Date
Note
Payment Account
Principal Amount
Principal Repayment Date
Promissory Note
Security
Security Documents
TARGET2
Tax
Interest Determination Date
Interest Period
Late Payment Fee
Material Adverse Effect
Parties
Permitted Transfer
Place of Payment
Relevant Jurisdiction
Repayment Schedule
Transfer
Outstanding Amount
Default Notice
Interest Statement
Payment Currency
Clauses
Loan Amount
Interest Rate
Interest Payment
Principal Repayment
Payment Terms
Default
Security
Representations and Warranties
Information Undertakings
Financial Covenants
Tax Gross-up
Currency
Assignment
Transfer
Notices
Amendment
Severability
Force Majeure
Governing Law
Jurisdiction
Enforcement
Acceleration
Set-off
Costs and Expenses
Indemnification
Confidentiality
Registration
Calculation
Early Repayment
Consumer Protection
Interest Rate
Interest Payment
Principal Repayment
Payment Terms
Default
Security
Representations and Warranties
Information Undertakings
Financial Covenants
Tax Gross-up
Currency
Assignment
Transfer
Notices
Amendment
Severability
Force Majeure
Governing Law
Jurisdiction
Enforcement
Acceleration
Set-off
Costs and Expenses
Indemnification
Confidentiality
Registration
Calculation
Early Repayment
Consumer Protection
Relevant Industries
Banking
Financial Services
Real Estate
Private Equity
Commercial Lending
Investment Management
Corporate Finance
Asset Management
Private Banking
Commercial Real Estate
Infrastructure
Relevant Teams
Legal
Finance
Treasury
Risk Management
Compliance
Credit Administration
Corporate Banking
Investment Management
Portfolio Management
Transaction Management
Documentation
Relevant Roles
Chief Financial Officer
Treasury Manager
Finance Director
Corporate Lawyer
Legal Counsel
Investment Manager
Credit Officer
Loan Officer
Risk Manager
Compliance Officer
Portfolio Manager
Banking Relationship Manager
Corporate Banking Officer
Financial Controller
Real Estate Finance Manager
Find the exact document you need
Negotiable Instrument Promissory Note
A German law-governed financial instrument containing an unconditional promise to pay a specified sum, which can be transferred between parties and is regulated under the Wechselgesetz.
find out more
Basic Promissory Note
A German law-governed formal promise to pay a specified sum of money, structured as a Schuldschein (promissory note) with defined payment terms and parties.
find out more
Simple Promissory Note
A German law-governed written promise to pay a specified sum of money, structured according to BGB requirements.
find out more
Straight Note Loan
A German law loan agreement where interest is paid periodically and principal is repaid as a lump sum at maturity.
find out more
Secured Demand Note
A German law-governed debt instrument that combines on-demand payment features with security over specified collateral.
find out more
Debt Promissory Note
A German law Debt Promissory Note (Schuldschein) documenting a bilateral loan agreement, combining features of both a loan and a negotiable instrument under German legal requirements.
find out more
Bill Of Sale With Promissory Note For Automobile
A German law-governed agreement combining vehicle sale terms with a promissory note payment arrangement for automobile purchase and financing.
find out more
Installment Promissory Note
A German law-governed debt instrument documenting installment repayment terms and conditions between a debtor and creditor.
find out more
International Promissory Note
A German law-governed promissory note containing an unconditional promise to pay a specific sum in an international context, complying with both German and international legal requirements.
find out more
Loan Note
A German law debt instrument documenting a bilateral loan agreement between a borrower and lender, combining features of both a loan agreement and a transferable security.
find out more
Standard Promissory Note
A German law-governed Standard Promissory Note (Schuldschein) documenting an unconditional promise to pay a specified sum of money, subject to German Civil Code requirements.
find out more
Promissory Note Without Interest
A German law-governed financial instrument containing an unconditional promise to pay a specified sum without interest, regulated by the Wechselgesetz.
find out more
Promissory Deed
A German law Promissory Deed (Schuldschein) documenting an unconditional promise to pay a specified sum of money, subject to BGB requirements.
find out more
Promise Promissory Note For Hospital Bill
A German law-governed promissory note documenting a patient's formal commitment to pay outstanding hospital bills, with specified payment terms and conditions.
find out more
Hospital Bill Promissory Note
A German law-governed promissory note documenting a patient's commitment to pay outstanding hospital bills, establishing payment terms and conditions in compliance with German healthcare and consumer protection regulations.
find out more
Government Promissory Note
A German law-governed debt instrument representing a direct obligation of the Federal Republic of Germany, establishing terms for government borrowing through bilateral loan arrangements.
find out more
Balloon Promissory Note
A German law-governed debt instrument documenting a loan with regular payments and a larger final balloon payment, structured according to German civil law requirements.
find out more
Simple Note Payable Agreement
A German law-governed debt instrument documenting a promise to pay a specified sum with defined terms and conditions, compliant with BGB requirements.
find out more
Senior Promissory Note
A German law-governed Senior Promissory Note (Schuldscheindarlehen) establishing terms for senior-ranking debt obligations between issuer and noteholder.
find out more
Recourse Promissory Note
A German law-governed debt instrument containing a promise to pay a specified sum with recourse rights against additional parties if the primary debtor defaults.
find out more
Promissory Note With Collateral
A German law-governed debt instrument (Schuldschein) containing an unconditional promise to pay combined with security interests in specific collateral assets.
find out more
Non Recourse Promissory Note
A German law-governed debt instrument that limits the lender's recovery rights exclusively to specified collateral, structured as a Schuldschein under the German Civil Code.
find out more
Note Agreement
A German law-governed agreement establishing terms and conditions for the issuance of debt instruments (notes), including financial terms, rights, and obligations of all parties.
find out more
Loan Promissory Note
A German law debt instrument combining a loan agreement and promissory note, providing a streamlined approach to corporate financing under the German Civil Code.
find out more
Promissory Note Secured By A Deed Of Trust
A German law-governed secured lending document combining a promissory note with a deed of trust as security over real property.
find out more
Credit Card Promissory Note
A German law-governed debt instrument documenting a cardholder's promise to pay an outstanding credit card balance, incorporating consumer protection requirements.
find out more
Personal Promissory Note
A German law-governed formal written promise to pay a specific sum of money, structured according to BGB requirements and enforceable under German jurisdiction.
find out more
Short Term Unsecured Promissory Note
A German law promissory note documenting an unsecured short-term loan agreement between lender and borrower, governed by BGB provisions.
find out more
Secured Demand Promissory Note
A German law-governed financial instrument combining an unconditional promise to pay on demand with security interests in specified collateral.
find out more
Business Promissory Note
A German law-governed financial instrument representing an unconditional promise to pay a specified sum of money, commonly used in commercial transactions.
find out more
Vehicle Promissory Note
A German law-governed promissory note establishing payment terms and security interest for a vehicle purchase, compliant with BGB requirements.
find out more
Time Note Loan
A German law-governed loan agreement documenting terms for a fixed-term lending facility with specified repayment dates and interest calculations.
find out more
Short Form Promissory Note
A German law-governed financial instrument documenting a formal promise to pay a specified sum of money, structured as a simplified but legally binding debt acknowledgment.
find out more
Home Loan Promissory Note
A German law-governed promissory note document establishing terms and conditions for a residential property loan, including principal, interest, and security arrangements.
find out more
Forgivable Promissory Note
A German law-governed debt instrument combining a standard promissory note with provisions for conditional debt forgiveness.
find out more
90 Day Promissory Note
A German law-governed financial instrument containing a written promise to pay a specified sum after 90 days, structured according to German legal requirements.
find out more
Standard Promissory Note Unsecured
A German law-governed unsecured promissory note (Schuldschein) documenting a binding promise to pay a specified sum under defined terms.
find out more
Pledge Note
A German law-governed security document (Pfandschein) evidencing the creation of a pledge over specified assets as security for obligations.
find out more
Individual Promissory Note
A German law-governed written promise to pay a specified sum of money, creating a legally binding payment obligation between the maker and payee under the German Civil Code (BGB).
find out more
Credit Promissory Note
A German law Credit Promissory Note (Schuldschein) documenting a bilateral loan agreement with simplified documentation compared to traditional loan agreements.
find out more
Genie’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; Genie’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)
.png)