A Renewal Promissory Note is commonly used in Indian business and financial transactions when an existing debt obligation needs to be extended or restructured. This document type is particularly relevant when the original payment terms require modification, but parties wish to maintain the continuity of the debt relationship. The Renewal Promissory Note must comply with the Negotiable Instruments Act, 1881, and relevant state stamp duties. It typically includes details of the original note, fresh payment terms, interest rates, and any modified conditions. This instrument is widely used in various sectors, from small business transactions to larger commercial dealings, providing a legally sound method for debt renewal while ensuring proper documentation of the extended obligation.
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. Basic Information: Date, place of execution, and unique identification number of the note
2. Maker Details: Full legal name and address of the person/entity making the promise to pay
3. Payee Details: Full legal name and address of the person/entity to whom or to whose order the payment is to be made
4. Amount Promise: Unconditional promise to pay a certain sum with amount in figures and words
5. Original Note Reference: Details of the original promissory note being renewed, including its date and amount
6. Payment Terms: Due date, interest rate, and payment method
7. Renewal Declaration: Clear statement that this note renews and replaces the original note
8. Execution Block: Signature block with maker's signature, witness details, and stamp duty details
1. Security Provisions: Include when the note is secured by any collateral or assets
2. Co-maker Details: Required when there are multiple makers jointly promising to pay
3. Default Provisions: Specific consequences and remedies in case of default
4. Prepayment Terms: Include if early payment is allowed and any associated conditions
5. Place of Payment: Specific location where payment must be made, if different from payee's address
6. Notice Provisions: Include when specific notice requirements for demands or communications are needed
1. Payment Schedule: Detailed breakdown of installment amounts and due dates, if applicable
2. Original Note Details: Copy or details of the original promissory note being renewed
3. Security Details: Description of any collateral or security provided, if applicable
4. Interest Calculation: Detailed method of interest calculation if complex interest terms apply
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Manufacturing
Trading and Commerce
Small and Medium Enterprises
Construction
Agriculture
Professional Services
Retail
Technology
Relevant Teams
Legal
Finance
Accounts
Treasury
Credit Control
Risk Management
Compliance
Corporate Secretarial
Business Development
Relevant Roles
Chief Financial Officer
Finance Manager
Accounts Manager
Credit Manager
Legal Counsel
Company Secretary
Treasury Manager
Financial Controller
Collections Manager
Risk Manager
Compliance Officer
Business Development Manager
Find the exact document you need
Construction Promissory Note
An Indian law-compliant promissory note specifically designed for construction-related payments and obligations, governed by the Negotiable Instruments Act and construction regulations.
find out more
Straight Note (Real Estate)
An Indian law-governed promissory note secured by real estate property, documenting terms of loan repayment and property security details.
find out more
Promissory Note For Lending Money
A legally binding financial instrument under Indian law that documents an unconditional promise to pay a specified sum of money, including loan terms and repayment conditions.
find out more
Promissory Note For Housing Loan
An Indian legal document containing a borrower's unconditional promise to repay a housing loan, governed by the Negotiable Instruments Act, 1881.
find out more
Promissory Note For Bank Loan
A legally binding financial instrument under Indian law that documents a borrower's promise to repay a specific loan amount to a bank with defined terms and conditions.
find out more
Iou Promissory Note
A legally binding financial instrument under Indian law wherein one party promises to pay a specified sum to another party, either on demand or at a fixed future date.
find out more
Promissory Note For Real Estate Purchase
An Indian law-compliant promissory note documenting a buyer's promise to pay for real estate property, including payment terms and property details.
find out more
Promissory Note
A legally binding financial instrument under Indian law containing an unconditional written promise to pay a specified sum of money to a named party.
find out more
Secured Demand Note
An Indian law-governed financial instrument combining a demand promissory note with security arrangements, enabling secured lending with on-demand repayment features.
find out more
Promissory Letter For Work
An Indian legal document combining a promissory note with work commitments, governed by Indian contract law and negotiable instruments legislation.
find out more
International Promissory Note
An Indian law-governed promissory note for international transactions, containing an unconditional promise to pay a specified sum with cross-border payment provisions.
find out more
Loan Note
An Indian law-governed debt instrument documenting loan terms, repayment obligations, and security arrangements between lender and borrower.
find out more
Unsecured Promissory Note
An Indian law-governed financial instrument containing an unconditional written promise to pay a specified sum without any security or collateral.
find out more
Secured Promissory Note
An Indian law-governed financial instrument combining a promise to pay with security interests in assets, documenting a secured debt obligation with specified payment and enforcement terms.
find out more
Promissory Note With Notary
An Indian law-governed notarized financial instrument containing an unconditional written promise to pay a specified sum of money under defined terms.
find out more
Promissory Note Seller Financing
A legally binding financial instrument under Indian law documenting a buyer's promise to pay a seller over time, with specified payment terms and conditions.
find out more
Note Trust Deed
An Indian law-governed document establishing a trust structure for note issuances, defining the relationship between issuer, trustee, and noteholders.
find out more
Shareholder Promissory Note
An Indian law-governed financial instrument documenting a company's promise to pay a specified sum to a shareholder, including payment terms and conditions.
find out more
Simple Note Payable Agreement
An Indian law-governed agreement documenting a promise to pay a specified sum of money, with defined payment terms and conditions.
find out more
Senior Promissory Note
An Indian law-governed debt instrument containing a senior-ranking promise to pay a specified sum with defined terms and conditions.
find out more
Recourse Promissory Note
An Indian law-governed financial instrument containing a written promise to pay a specified sum, with recourse rights against the maker or endorsers in case of default.
find out more
Promissory Note Mortgage
An Indian legal instrument combining a promissory note with a mortgage deed, creating both a payment obligation and security interest in real property under Indian law.
find out more
Promise To Pay Letter For Rent
An Indian law-compliant formal written commitment from a tenant acknowledging rental dues and promising payment according to a specified schedule.
find out more
Note Agreement
An Indian law-governed promise to pay document that creates a legally binding debt obligation between a borrower and lender, including payment terms and conditions.
find out more
Interest Only Balloon Note
An Indian law-governed loan document structuring interest-only payments with a final balloon payment, compliant with RBI regulations and Indian Contract Act.
find out more
Legal Iou Form
A legally binding debt acknowledgment document under Indian law that records a borrower's promise to repay a specified amount to a lender under defined terms.
find out more
Medical Promissory Note
An Indian legal document combining a financial promise to pay with medical service details, governed by the Negotiable Instruments Act and healthcare regulations.
find out more
Standard Promissory Note Secured
An Indian law-governed financial instrument containing a promise to pay a specific sum with interest, secured by collateral, creating enforceable rights for the lender over the security in case of default.
find out more
Business Loan Promissory Note
An Indian law-governed promissory note documenting a business borrower's unconditional promise to repay a specified loan amount with interest to a lender.
find out more
Old Promissory Note
A legally binding written promise to pay a specified sum under Indian law, governed by the Negotiable Instruments Act, 1881.
find out more
Multiple Advance Promissory Note
An Indian law-governed financial instrument that enables multiple drawdowns under a single promissory note, combining credit line flexibility with legal enforceability.
find out more
Future Advance Promissory Note
An Indian law-governed financial instrument that combines a traditional promissory note with provisions for future monetary advances up to a predetermined maximum amount.
find out more
Consolidated Promissory Note
An Indian law-compliant financial instrument that combines multiple promissory notes or debt obligations into a single legally binding document.
find out more
Unsecured Demand Promissory Note
An Indian law-governed unsecured financial instrument containing an unconditional promise to pay a specified sum on demand, regulated under the Negotiable Instruments Act, 1881.
find out more
Unsecured Promissory Note Issued By A Corporation
An Indian law-governed financial instrument containing a corporation's unconditional promise to pay a specified sum without security.
find out more
Promissory Note Letter For Payment
A legally binding financial instrument under Indian law where one party promises in writing to pay a specified sum of money to another party, governed by the Negotiable Instruments Act, 1881.
find out more
Credit Card Promissory Note
An Indian law-compliant financial instrument that documents a credit card holder's promise to repay outstanding credit card debt to the issuing bank.
find out more
6 Month Promissory Note
An Indian law-governed promissory note containing an unconditional promise to pay a specified sum within six months, structured under the Negotiable Instruments Act, 1881.
find out more
Simple Promissory Letter
A legally binding document under Indian law containing an unconditional promise to pay a specified sum of money to a designated party.
find out more
Promissory Note With Balloon Payment
An Indian law-governed promissory note featuring regular payments and a larger final balloon payment, structured under the Negotiable Instruments Act, 1881.
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)