A Lump Sum Promissory Note is commonly used in South African business and personal transactions where one party commits to paying another party a specific sum of money at a future date or on demand. This document is particularly useful in situations involving loans, debt consolidation, asset purchases, or settlement agreements. The note must comply with South African legislation, particularly the Bills of Exchange Act 34 of 1964, and may include provisions for interest, security, and default consequences. It serves as both a proof of debt and a legally enforceable instrument, making it valuable for financial record-keeping and potential legal proceedings. The document's straightforward nature and legal standing make it a preferred choice for documenting financial obligations in various business contexts.
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. Promissory Note Details: Date of issuance and unique identification number of the note
2. Parties: Full legal names and addresses of the maker (promisor) and payee (promisee)
3. Promise to Pay: Unconditional promise to pay a specific sum, including the amount in numbers and words
4. Payment Terms: Due date, place of payment, and method of payment
5. Interest: Interest rate (if applicable) and calculation method
6. Legal Tender: Specification that payment will be made in legal tender of South Africa (or specified currency)
7. Signature Block: Space for signature, date, and witnesses
1. Security Provisions: Include when the note is secured by collateral or other assets
2. Default Provisions: Include when specific consequences of default need to be outlined
3. Prepayment Terms: Include when early payment options are allowed
4. Transfer Rights: Include when the note is intended to be negotiable
5. Governing Law: Include when there might be cross-jurisdictional issues
6. Acceleration Clause: Include when immediate payment can be demanded upon specific events
1. Schedule A - Payment Schedule: If installment payments are allowed before the final due date
2. Schedule B - Security Details: Details of any collateral or security provided for the note
3. Schedule C - Witness Attestation: Formal witness attestation if required for enhanced enforceability
4. Appendix 1 - Copy of Security Agreement: If the note is secured, attach the related security agreement
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Construction
Manufacturing
Retail
Professional Services
Agriculture
Mining
Small and Medium Enterprises
Private Lending
Investment Companies
Property Development
Relevant Teams
Legal
Finance
Treasury
Credit Control
Risk Management
Corporate Secretariat
Accounts Receivable
Debt Collection
Business Administration
Contract Management
Relevant Roles
Chief Financial Officer
Financial Manager
Legal Counsel
Corporate Lawyer
Finance Director
Credit Manager
Accounts Receivable Manager
Treasury Manager
Risk Manager
Company Secretary
Business Development Manager
Contract Administrator
Financial Controller
Debt Collection Officer
Find the exact document you need
Promissory Note Form
A South African law-compliant financial instrument containing a written promise to pay a specified sum of money, governed by the Bills of Exchange Act.
find out more
Promissory Note For Funeral
A South African legal document combining a promissory note with funeral service provisions, establishing payment terms and service specifications under South African law.
find out more
Promissory Note For Car Loan
A South African legal document containing a borrower's promise to repay a vehicle loan under specific terms, compliant with local credit and financial legislation.
find out more
Promissory Letter For Payment
A South African law-governed written promise to pay a specified sum of money, serving as a legally enforceable debt instrument.
find out more
Promissory Note For Late Rental Payment
A South African legal document establishing a tenant's formal promise to pay outstanding rental arrears through a structured payment arrangement.
find out more
Iou Promissory Note
A South African law-governed written promise to pay a specified sum of money, serving as a formal acknowledgment of debt and providing legal grounds for collection.
find out more
Promissory Note For Tuition
A South African legal document establishing a binding promise to pay specified tuition fees to an educational institution.
find out more
Promissory Note
A South African legal document containing an unconditional promise to pay a specified sum of money, governed by the Bills of Exchange Act.
find out more
Guarantor Promissory Note
A South African law-governed financial instrument combining a promissory note with a guarantee agreement, creating primary and secondary payment obligations.
find out more
Promissory Note For Services Rendered
A South African legal document containing a written promise to pay for services already rendered, combining a promissory note with service acknowledgment.
find out more
Mortgage Note Form
A South African legal document establishing the terms and security arrangements for a mortgage loan, subject to national property and banking regulations.
find out more
Basic Promissory Note
A South African legal document containing a written promise to pay a specific sum of money, governed by the Bills of Exchange Act.
find out more
Simple Promissory Note
A legally binding debt instrument under South African law where one party promises to pay a specific sum to another party, either on demand or at a specified future date.
find out more
Promissory Note To Pay Remaining Balance
A South African legal document containing a written promise to pay a specified remaining balance, governed by local legislation including the Bills of Exchange Act.
find out more
Promissory Note For Balance Payment
A South African law-governed financial instrument documenting a written promise to pay a specified remaining balance amount under defined terms and conditions.
find out more
Cash Promissory Note
A legally binding promise to pay a specified sum of money, governed by South African law and the Bills of Exchange Act.
find out more
Corporate Promissory Note
A South African law-governed financial instrument containing a corporate entity's written promise to pay a specified sum to another party at a future date or on demand.
find out more
Bill Of Sale With Promissory Note For Automobile
A South African legal document combining vehicle sale agreement and promissory note, facilitating automobile ownership transfer with structured payment terms under SA law.
find out more
Installment Promissory Note
A South African law-governed financial instrument documenting a promise to repay a debt through structured installments, including payment terms and enforcement provisions.
find out more
International Promissory Note
A South African law-governed promissory note for international transactions, containing an unconditional promise to pay a specified sum across borders.
find out more
Loan Note
A South African law-governed debt instrument documenting loan terms between issuer and noteholder, including principal, interest, and repayment conditions.
find out more
Unsecured Promissory Note
A South African law-governed unsecured written promise to pay a specified sum of money, including terms of repayment and interest calculations.
find out more
Standard Promissory Note
A South African legal document containing an unconditional promise to pay a specified sum of money, governed by the Bills of Exchange Act and serving as a negotiable financial instrument.
find out more
Secured Promissory Note
A South African law-governed financial instrument documenting a secured promise to pay a specific sum, backed by collateral or security interest in assets.
find out more
Promissory Note Seller Financing
A South African legal document where a buyer promises to pay the seller a specified sum over time, typically used in seller-financed asset purchases.
find out more
Promissory Note For Delayed Payment
A South African legal document containing an unconditional promise to pay a specified sum of money at a future date, governed by the Bills of Exchange Act.
find out more
Promissory Note For Car
A South African law-governed promissory note that combines a debt payment promise with vehicle security, establishing repayment terms and security interest in the specified vehicle.
find out more
Promise Promissory Note For Hospital Bill
A South African legal document establishing a patient's formal promise to pay outstanding hospital bills, governed by South African financial and healthcare legislation.
find out more
Note Trust Deed
A South African law-governed trust deed establishing and regulating a trust arrangement for noteholders in a debt securities issuance, setting out the rights and obligations of all parties involved.
find out more
Government Promissory Note
A South African government-issued financial instrument containing a written promise to pay a specified sum under defined terms, governed by South African law.
find out more
Financial Promissory Note
A South African law-governed financial instrument containing an unconditional promise to pay a specified sum of money to a designated party.
find out more
Convertible Promissory Note
A South African law-governed debt instrument that converts to equity shares under specified conditions, commonly used for early-stage company funding.
find out more
Bank Promissory Note
A South African law-governed financial instrument representing a bank's unconditional promise to pay a specified sum to a designated payee.
find out more
Balloon Promissory Note
A South African law-governed financial instrument documenting a loan with regular payments and a large final balloon payment, compliant with local banking and consumer protection regulations.
find out more
Promissory Note With Personal Guarantee
A South African law-governed document combining a promise to pay a specified sum with a personal guarantee, establishing primary and secondary payment obligations.
find out more
Promissory Note Mortgage
A South African legal instrument combining a promissory note with a mortgage security, creating both a payment obligation and property security interest.
find out more
Promise To Pay Letter For Rent
A South African legal document where a tenant formally acknowledges rental debt and commits to a specific payment plan to settle arrears.
find out more
Promise To Pay Agreement For Vehicle
A South African legal agreement establishing a structured payment plan for a vehicle purchase, compliant with the National Credit Act.
find out more
Payable On Demand Promissory Note
A South African law-governed financial instrument containing an unconditional promise to pay a specified sum on demand, serving as both proof of debt and a negotiable instrument.
find out more
Note Agreement
A South African law-governed agreement establishing terms for issuing and managing debt instruments, including principal, interest, and payment provisions.
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)