The Promissory Note For Lending Money To Friend is a formal document used in Pakistan when individuals wish to document a personal loan arrangement between friends in a legally binding manner. This document type is particularly relevant in situations where friends wish to maintain both their personal relationship and legal clarity in financial dealings. It falls under the jurisdiction of Pakistani law, primarily governed by the Negotiable Instruments Act 1881 and Contract Act 1872. The document serves to protect both parties' interests by clearly stating the loan amount, repayment terms, and any additional conditions, while maintaining the flexibility to accommodate Islamic banking principles if required. It's simpler than commercial loan agreements but still provides legal enforceability and clear documentation of the debt 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. Date: The date of execution of the promissory note
2. Parties: Full legal names and addresses of the lender and borrower
3. Promise to Pay: Clear statement of unconditional promise to pay, including the principal amount in both numbers and words
4. Payment Terms: Specific details about when and how the payment will be made, including due date or installment schedule
5. Place of Payment: Where the payment should be made
6. Signature: Space for borrower's signature and witness signatures
1. Interest Rate: Include when interest is to be charged on the loan, specifying the rate and calculation method
2. Late Payment Penalties: Include when there are specific penalties or consequences for late payment
3. Security/Collateral: Include when the loan is secured by any assets or property
4. Early Payment Provisions: Include when early payment is allowed and any associated terms
5. Default Clauses: Include when specific events of default and their consequences need to be defined
6. Islamic Banking Compliance: Include when parties require compliance with Islamic banking principles
1. Payment Schedule: If installment payments are involved, detailed breakdown of payment dates and amounts
2. Collateral Details: If security is provided, detailed description of the collateral
3. Witness Information: Details of witnesses including their names, addresses, and ID numbers
Relevant legal definitions
Clauses
Relevant Industries
Personal Finance
Consumer Lending
Microfinance
Islamic Banking
Private Lending
Individual Banking
Relevant Teams
Legal
Personal Banking
Consumer Lending
Islamic Banking
Document Processing
Compliance
Risk Management
Relevant Roles
Personal Banking Officer
Microfinance Advisor
Legal Counsel
Notary Public
Islamic Banking Specialist
Debt Recovery Officer
Financial Advisor
Consumer Lending Specialist
Find the exact document you need
Promissory Note Form
A legally binding document under Pakistani law where one party promises to pay a specific sum of money to another party, either on demand or at a specified future date.
find out more
Promissory Note (Real Estate)
A legally binding promise to pay document under Pakistani law, secured by real estate property, outlining payment terms and security arrangements.
find out more
Promissory Note For Late Rental Payment
A Pakistani legal instrument documenting a tenant's promise to pay overdue rent to their landlord, governed by the Negotiable Instruments Act, 1881.
find out more
Iou Promissory Note
A legally binding promise to pay document under Pakistani law, creating an enforceable debt obligation between parties.
find out more
Simple Promissory Note
A legally binding document under Pakistani law where one party promises to pay a specific sum of money to another party, governed by the Negotiable Instruments Act 1881.
find out more
Bill Of Sale With Promissory Note For Automobile
A Pakistani law-governed document combining vehicle sale agreement and payment terms through promissory note, ensuring legal transfer of automobile ownership with structured payment arrangements.
find out more
International Promissory Note
A Pakistani law-governed promissory note for international transactions, representing an unconditional promise to pay a specified sum with cross-border enforcement provisions.
find out more
Loan Note
A Pakistani law-governed financial instrument documenting a borrower's obligation to repay a loan under specified terms and conditions.
find out more
Unsecured Promissory Note
A Pakistani law-compliant financial document containing an unconditional promise to pay a specified sum without collateral backing.
find out more
Promissory Note For Car
A Pakistani law-compliant financial instrument documenting a promise to pay for a vehicle purchase, including payment terms and vehicle details.
find out more
Promissory Letter For Hospital Bill
A formal commitment letter used in Pakistan's healthcare system to promise payment of outstanding hospital bills, governed by Pakistani contract and healthcare laws.
find out more
Promissory Deed
A formal financial instrument under Pakistani law containing an unconditional promise to pay a specified sum of money, governed by the Negotiable Instruments Act, 1881.
find out more
Hospital Bill Promissory Note
A Pakistani law-governed promissory note documenting a patient's formal commitment to pay outstanding hospital bills through specified payment terms.
find out more
Convertible Promissory Note
A Pakistani law-governed debt instrument that can convert into equity shares upon specified events, combining features of debt and equity financing while complying with local regulations.
find out more
Simple Note Payable Agreement
A legally binding financial agreement under Pakistani law documenting a promise to pay a specified sum with defined interest terms and conditions.
find out more
Promissory Note With Personal Guarantee
A Pakistani law-governed promissory note with an accompanying personal guarantee, creating an unconditional promise to pay with backup security from a guarantor.
find out more
Promissory Note Mortgage
A Pakistani law-governed document combining a promissory note with a mortgage deed, establishing both debt obligation and property security.
find out more
Promissory Note Installment Payments
A Pakistani law-governed financial instrument documenting a promise to pay a specified sum through structured installment payments, with comprehensive payment terms and conditions.
find out more
Promissory Contract Of Purchase And Sale
A legally binding agreement under Pakistani law documenting a promise to sell and purchase property or goods, establishing terms and conditions for a future sale transaction.
find out more
Promise To Pay Agreement For Vehicle
A Pakistani law-compliant agreement documenting a structured payment commitment for a vehicle purchase, including payment terms and vehicle details.
find out more
Payable On Demand Promissory Note
A legally binding financial instrument under Pakistani law containing an unconditional promise to pay a specified sum on demand.
find out more
Note Agreement
A legally binding financial instrument under Pakistani law documenting a promise to pay a specified sum under agreed terms and conditions.
find out more
Loan Note Agreement
A Pakistani law-governed agreement documenting loan terms, conditions, and obligations between lender and borrower, incorporating local regulatory requirements and enforcement provisions.
find out more
Personal Guarantee On Promissory Note
A Pakistani law-governed document where an individual guarantees payment of a promissory note if the principal debtor defaults.
find out more
Promissory Note For Down Payment
A legally enforceable promise to pay a specified down payment amount under Pakistani law, typically used in purchase transactions where deferred payment is involved.
find out more
Informal Promissory Note
A legally binding informal debt instrument under Pakistani law containing a written promise to pay a specified sum of money to a designated party.
find out more
Promissory Note For Past Due Rent
A legal document under Pakistani law that converts past due rent into a formal debt obligation, including payment terms and property details.
find out more
Demand Promissory Note Loan Agreement
A Pakistani law-governed financial instrument combining a loan agreement with a promissory note, enabling lenders to demand repayment at any time while establishing comprehensive lending terms.
find out more
Short Form Promissory Note
A legally binding promise to pay document under Pakistani law, documenting a commitment to repay a specified sum under stated terms.
find out more
Joint Promissory Note
A legally binding financial instrument under Pakistani law where multiple parties jointly promise to pay a specified sum to a designated payee.
find out more
Compound Interest Promissory Note
A legally binding financial instrument under Pakistani law documenting a promise to repay a loan with compound interest, specifying payment terms and obligations of all parties involved.
find out more
Promissory Note For Lending Money To Friend
A Pakistani law-governed promissory note documenting a personal loan between friends, containing a written promise to repay a specified sum under agreed terms.
find out more
Undertaking Promissory Note
A legally binding financial instrument under Pakistani law containing an unconditional promise to pay a specified sum of money, governed by the Negotiable Instruments Act, 1881.
find out more
Credit Promissory Note
A legally binding financial instrument under Pakistani law that documents a borrower's promise to repay a specific sum with interest to a lender.
find out more
Cash Advance Promissory Note
A legally binding financial instrument under Pakistani law documenting a promise to repay a specified sum of money, either on demand or at a fixed future date.
find out more
Private Promissory Note
A legally binding financial document under Pakistani law that contains an unconditional promise to pay a specified sum of money to a designated party.
find out more
Registered Promissory Note
A formal financial instrument under Pakistani law containing a registered, unconditional promise to pay a specified sum of money to a designated person or their order.
find out more
Promissory Certificate
A legally binding financial instrument under Pakistani law containing an unconditional promise to pay a specified sum of money, governed by the Negotiable Instruments Act 1881.
find out more
Private Mortgage Note
A legally binding document under Pakistani law that evidences a property-secured loan, detailing terms, obligations, and security arrangements between lender and borrower.
find out more
Owner Financing Promissory Note
A Pakistani law-governed financial instrument documenting a property seller's direct financing to the buyer, outlining repayment terms and security arrangements.
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)