A written promise to repay money borrowed within a specified timeframe and interest rate. Defines the principal amount, interest terms, payment schedule, and consequences of default between lender and borrower.
Promise to Pay
Unconditional written promise to repay principal plus interest.
Maturity & Schedule
Fixed due date with weekly, monthly, or lump-sum payments.
Security & Collateral
Secured or unsecured designation with asset descriptions.
Acceleration & Default
Full balance due on default with defined remedies.
Verify your proposed interest rate against state usury limits before finalizing the note.
Quick Reference
Calculate total interest owed, total repayment amount, and monthly payment based on your note terms.
Credit Authorization Generator
Generate a Credit Background Check Authorization form for the borrower to sign before disbursement.
Generate Credit Authorization FormFor secured promissory notes: estimate the value of pledged collateral to ensure it covers the loan amount.
Select Collateral Type
For lenders dealing with late payments. If a payment is 30+ days past due, generate a formal demand letter.
If a borrower defaults, find jurisdiction-specific Small Claims Court filing instructions and limits.
Generate a state-specific promissory note compliant with local usury and lending laws.
Choose between secured and unsecured promissory notes.
Secured Promissory Note
Backed by collateral (property, vehicle, equipment). Lower risk for lender, better terms for borrower.
Unsecured Promissory Note
Based solely on borrower creditworthiness. No collateral required, but higher interest rates.
From agreeing on terms to final release — everything you need to know.
Both parties negotiate and agree upon the core terms: principal amount, interest rate, repayment schedule, and any collateral requirements.
Preview the sections included in your completed Promissory Note.
Legal Document
Borrower (Maker) Signature & Date
Lender (Payee) Signature & Date
Guarantor (if applicable) Signature & Date