The Promissory Note Between Individuals is a crucial document in Indonesian private lending practices, commonly used when one individual lends money to another. This document type is governed by Indonesian law and is particularly relevant when formal documentation of a personal loan is needed, but a full loan agreement might be unnecessarily complex. It must comply with the Indonesian Civil Code (KUHPer) and include proper stamp duty as required by Law No. 13 of 1985. The note typically includes essential information such as the loan amount, payment terms, interest rates, and default provisions. While simpler than commercial loan agreements, it still provides legal protection for both parties and creates an enforceable obligation under Indonesian law. This document is particularly useful for personal loans, family lending arrangements, or small business transactions between individuals.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Promissory Note Between Individuals
"I need a Promissory Note Between Individuals for a 50 million IDR personal loan to my cousin for his small business startup, with monthly installments over 24 months starting January 2025, including a 5% annual interest rate and the option for early repayment without penalty."
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
1. Identification of Parties: Full legal names and addresses of the lender (payee) and borrower (maker)
2. Promise to Pay: Clear statement of the unconditional promise to pay, including the principal amount in both numbers and words
3. Payment Terms: Specific details about how and when payment will be made, including payment schedule and maturity date
4. Interest Rate: Statement of the interest rate (if any), how it is calculated, and when interest is payable
5. Place of Payment: Specific location or method where payments must be made
6. Default Provisions: Consequences of late payment or default, including any late fees or penalties
7. Governing Law: Statement that the note is governed by Indonesian law
8. Signature Block: Space for signatures, dates, and required stamp duty
1. Collateral: Description of any assets securing the note - include when the loan is secured
2. Prepayment Terms: Terms for early payment of the note - include when early payment is allowed
3. Witnesses: Space for witness signatures - include when additional verification is desired
4. Co-signer: Details and signature of any co-signer - include when there is a guarantor
5. Assignment Rights: Terms for transferring the note to another party - include when the note may be transferred
6. Notice Provisions: How formal notices must be given between parties - include for larger loan amounts
1. Payment Schedule: Detailed breakdown of payment dates and amounts if installment payments are involved
2. Collateral Description: Detailed description of any assets securing the note, including registration numbers or identifying features
3. Calculation Method: Detailed explanation of interest calculation method if complex interest terms are involved
Authors
Relevant legal definitions
Clauses
Relevant Industries
Personal Finance
Real Estate
Small Business
Agriculture
Education
Healthcare
Retail
Professional Services
Construction
Private Lending
Relevant Teams
Legal
Compliance
Finance
Risk Management
Document Management
Private Banking
Wealth Management
Contract Administration
Relevant Roles
Personal Finance Advisor
Legal Counsel
Notary Public
Financial Planner
Wealth Manager
Loan Officer
Contract Administrator
Legal Document Specialist
Risk Manager
Compliance Officer
Private Banking Manager
Family Office Manager
Find the exact document you need
Promissory Note Between Individuals
An Indonesian law-governed promissory note documenting a personal loan agreement between individuals, including loan terms and repayment obligations.
find out more
Promissory Note For Lacking Document
A Saudi Arabian legal instrument acknowledging debt obligations where original documentation is missing, combining conventional financial practice with Sharia compliance requirements.
find out more
Promissory Note For Delayed Document
A Saudi Arabian legal instrument representing a promise to pay a specified sum while accommodating delayed documentation submission, governed by Saudi commercial law and Shariah principles.
find out more
Promissory Note For House Payment
A Philippine law-compliant financial instrument documenting a promise to pay for property through installments, including payment terms and security provisions.
find out more
Promissory Note For Unpaid Balance
A Philippine law-governed financial instrument documenting a promise to pay an outstanding balance with specified terms and conditions.
find out more
Promissory Note For Medical Bill
A Philippine law-governed document establishing a patient's legal commitment to pay for medical services received, including payment terms and conditions.
find out more
Promissory Note Promise To Pay
A Qatar law-governed negotiable instrument containing an unconditional promise to pay a specified sum, compliant with both Qatar Commercial Code and Sharia principles.
find out more
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
Iou Note
A Maltese law-governed promissory note documenting a formal promise to pay a specified sum of money under defined terms and conditions.
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
ұԾ’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; ұԾ’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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.