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The Personal Guarantee Promissory Note is a specialized financial instrument commonly used in Malaysian business and lending transactions where additional security is required beyond a simple promise to pay. This document type is particularly valuable when a creditor seeks both a direct payment obligation and a personal guarantee, typically in situations involving business loans, property transactions, or commercial financing. The document must comply with the Malaysian Bills of Exchange Act 1949 for the promissory note aspects and the Contracts Act 1950 for the guarantee provisions. It includes detailed payment terms, interest calculations, enforcement mechanisms, and specific guarantor obligations, making it a comprehensive security instrument for lenders while providing clear obligations for all parties involved.

1. Parties: Identifies the Maker (primary debtor), the Payee (creditor), and the Guarantor

2. Background: Sets out the context of the debt and guarantee relationship

3. Definitions: Defines key terms used throughout the document

4. Promise to Pay: The primary obligation stating the amount, interest rate, and payment terms

5. Guarantee and Indemnity: The guarantor's unconditional promise to guarantee the debt and indemnify the payee

6. Guarantor's Representations and Warranties: Statements about the guarantor's capacity and authority to provide the guarantee

7. Enforcement: Rights and remedies of the payee in case of default

8. Notices: How and where notices must be delivered to all parties

9. Governing Law: Specifies Malaysian law as the governing law