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Promissory note in English – Simple personal loan | Word/PDF + guides
Promissory note in English – Simple personal loan | Word/PDF + guides
- File format
- DOCX, PDF
- Document language
- English original files; English + Swedish in separate 2027-ZIP not connected
- Number of files
- 1
Digital download. No physical product is shipped.
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About this template
Promissory Note in English under Swedish Law – Simple Promissory Note. An editable template for a genuine private loan between two adults in Sweden. The main English version is supplemented by a Swedish reference version, receipts, and completion guides in the separately developed 2027 edition. Not intended for commercial lending, secured loans, or international arrangements.
What is included in the package
Current automatic delivery: The 2027 ZIP package skuldebrev-engelska-privatlan-2027.zip is attached to this variant in Shopify Digital Products.
Separately developed 2027 edition: 28 files – 14 DOCX and 14 PDF in a new ZIP. Seven document types in English main versions and Swedish reference versions:
- Simple Promissory Note
- Repayment Schedule
- Disbursement Acknowledgement
- Payment Acknowledgement
- Loan Amendment
- Balance Reconciliation
- User Guide
Digital delivery: The 2027 ZIP is already linked for download after purchase.
What the files contain
The main Promissory Note: parties, actual disbursed capital, identified lender, choice between lump-sum repayment and attached repayment schedule, standard annual simple interest (also interest-free), maturity date, applicable default interest, documentation, applicable Swedish law, and signatures.
Repayment Schedule: separate dates and amounts for principal and interest. Disbursement Acknowledgement: verified transferred amount and bank reference. Payment Acknowledgement: partial payment, settlement, remaining principal, or final debt discharge. Loan Amendment: documented change to a named contractual term. Balance Reconciliation: account review and proof of payment. The Guides: clear steps, calculation examples, limitation risks, interest, tax deductions, and when individual advice is needed.
Limitation: the documents do not automatically calculate debt or interest and do not certify actual disbursement. The planned separate Excel workbook is not included, as export and functional testing could not yet be completed.
When is a simple promissory note in English appropriate?
When the lender and borrower are adult private individuals, both operating in Sweden and wanting to document an unsecured loan in Swedish kronor in English. A simple promissory note according to Section 26 of the Promissory Notes Act is payable to a specific lender. It is not a bearer or order instrument.
Important rules for private loans 2026/2027
Interest: explicitly agree on the interest rate, start date, payment terms, and method. The Interest Act (1975:635) regulates, among other things, default interest. Its Section 6 specifies, in the typical case, the reference rate plus eight percentage points; Section 7 may involve a continued agreed interest rate at a statutory minimum level in certain situations. Interest may not be compounded on the same principal and period.
Tax: as of the 2026 income year, interest on loans without acceptable collateral is, as a general rule, not tax-deductible for the borrower, even for standard loans from private individuals. The lender may still need to report the interest as taxable capital income. The document template does not determine individual tax treatment.
Limitation: claims between private individuals generally become statute-barred after ten years if the limitation is not interrupted. Written demands received by the debtor, acknowledgments, partial payments, and certain legal actions can affect the period. Assess the specific situation.
Forthcoming legislation: the Consumer Credit Act (2026:1011) enters into force on November 20, 2026. It primarily concerns consumer credit from business operators and does not automatically turn a genuine private loan between two individuals into a business loan. This product should not be used for commercial lending.
How to use the documents
- Verify the identity of the lender and borrower, as well as whether money has actually been disbursed.
- Fill in the capital amount in figures and words, select a repayment option, and enter dates.
- Set the annual interest to 0% if the loan is to be interest-free. Specify separately agreed interest commencement and payment terms.
- Sign the main agreement and any repayment schedule. Never issue a disbursement acknowledgement before the money has actually been received.
- Use receipts and reconciliation for partial payments and final payment. Archive the documents securely.
Related templates and categories
For agreements in Swedish, see simple promissory note with Swedish main version. Other promissory notes can be found in the promissory note templates category. In the case of different cash contributions in a cohabitation relationship, a cohabitation agreement and promissory note may be relevant – this requires separate assessment.
Frequently asked questions
Is an English-language promissory note valid under Swedish law?
It can be, provided that the parties have agreed on Swedish law and the document otherwise corresponds to their actual legal relationship. The English language does not make it a British or American promissory note.
Can I use the template for an interest-free loan?
Yes, select 0 percent as the regular annual interest. Any default interest may still apply in the event of late payment according to the terms and applicable law.
Is it possible to acknowledge a partial payment?
Yes. The 2027 ZIP is attached; see the product description for the included documents.
Does the interest entitle to a deduction in the tax return?
From the 2026 income year, normally not for loans without acceptable collateral. Check for exceptions and your own tax situation with the Swedish Tax Agency (Skatteverket).
Are Excel or all 28 new files included in the automated delivery now?
The 2027 ZIP is attached. The package is described as Word/PDF documents without an Excel workbook.
Official legal sources and limitations
The Promissory Notes Act (Skuldebrevslagen), the Interest Act (Räntelagen), the Limitation Act (Preskriptionslagen), the Swedish Tax Agency on interest deductions, and the Consumer Credit Act 2026:1011 (future entry into force). Reviewed October 14, 2026. This is not individual legal advice or a product allegedly reviewed by an external attorney.
