Notice of Default on Promissory Note

 

Date:

To:

Re: A promissory note dated the_____day of___________20____in the original amount of Rs_______

Dear Sir,

You have defaulted under the said Promissory note in that the instalment due on the_______ day of_________ 20___ in the amount of Rs_____ has not been paid.

Accordingly demand is hereby made upon you for full payment of the entire balance of the said Promissory note in the amount of Rs______, including accrued interest to date.

In the event the entire balance is not paid within the next ten days, this matter shall be referred to a solicitor for collection, resulting in additional costs to you.

 Yours very truly,

 

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