Promissory Note
United States · PDF
A
Lender (Payee)
Enter lender details
Full Name / Company Name
*
Address
*
Phone
Email
B
Borrower (Maker)
Enter borrower details
Full Name / Company Name
*
Address
*
Phone
Email
C
Loan Terms
Enter loan details
Principal Amount (USD)
*
Date of Note
*
Repayment Method
*
Lump Sum (at maturity)
Installments
On Demand
Maturity / Due Date
*
Governing State
*
Select state...
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
D
Advanced Financial Terms
Interest, installments & late fees
Interest Type
No Interest
Simple Interest
Compound Interest
Annual Interest Rate (%)
Compounding Period
Annually
Semi-Annually
Quarterly
Monthly
Daily
Installment Schedule
None (Lump Sum)
Monthly
Weekly
Bi-Weekly
Annual
First Payment Date
Late Fee Policy
No Late Fee
Flat Amount ($)
Percentage (%)
Late Fee Amount ($)
Grace Period (days)
Prepayment Policy
No Penalty
Penalty Applies
Prepayment Penalty Amount ($)
E
Security & Legal Protections
Collateral, clauses & governing law
Security / Collateral
Unsecured Note
Secured Note (with Collateral)
Collateral Description
Legal Protection Clauses
Acceleration Clause
- If the Borrower defaults, the entire remaining balance becomes immediately due and payable at the Lender's option.
Attorney's Fees
- In case of default, the Borrower agrees to pay reasonable attorney's fees and collection costs incurred by the Lender.
Co-Signer / Guarantor
No Co-Signer
Add Co-Signer
Co-Signer Full Name
Co-Signer Address
Notary Acknowledgment Block
Not Included
Include Notary Block
Note:
Both parties should retain a signed copy. Notarization is recommended but not required in most U.S. states for personal loans.