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Use this template to describe the conditions for setting up payment plan for product and or service. Note that Proposal Pack includes Payment Schedule template to include for setting up specific payment schedule. Describe the benefits of using payment plan then describe the requirements for the payment plan below. Payment Plan Requirements Payment Requirement #1 could be payment source form of payment possible penalties for late payments etc. Description of payment requirement and additional details. Payment Requirement #2 Description of payment requirement and additional details. Payment Requirement #3
Description of payment requirement and additional details. Payment Requirement #4 Description of payment requirement and additional details. Payment Schedule and Additional Conditions Describe the payment schedule or refer to the Payment Schedule template. Include when payments must be made how much each payment will be interest rates and how long the payments will continue. There are many types of payment plans such as fixed monthly payments extended monthly payments longer duration but with higher overall interest graduated payments lower to start with then gradually increasing income contingent payments payments are adjusted based on current income etc.