Need printable coupons?
Use the free online generator for a short monthly coupon set, or use the Windows program for complete saved books.
What is a payment coupon?
A payment coupon is a payment identifier. It usually travels with a check or other payment and tells the lender which borrower, loan, due date, and payment amount the remittance belongs to.
Common fields on a private-loan coupon
| Borrower | Identifies who is making the payment. |
|---|---|
| Loan or account number | Separates multiple loans or accounts. |
| Due date | Identifies the scheduled installment. |
| Payment amount | Shows the regular scheduled amount from the agreement. |
| Payee and address | Shows who should receive the payment and where it should be sent. |
Coupons do not replace the loan agreement
The promissory note or loan agreement controls the legal payment amount, due dates, late charges, interest method, and other terms. A coupon book is an administrative aid for organizing payments.