Home Types of Contracts Promissory Note Template

Promissory Note Template - Learn How to Fill Out

Jump to Section

Quick Facts — Promissory Note Template Lawyers

Find Promissory Note Agreement Templates by Type

Templates created by lawyers on the ContractsCounsel platform
Lawyer Services Available
100% Lawyer Drafted
Instant Download
Template Commercial Promissory Note
For commercial lending and investing
View More...
Lawyer Services Available
100% Lawyer Drafted
Instant Download
Promissory Note Template (Attorney-Drafted)
Protect Your Loan with a Legally-Sound Promissory Note: Clear Terms and Flexible Options
View More...
Lawyer Services Available
100% Lawyer Drafted
Instant Download
New York
NY Promissory Note Unsecured
NY Promissory Note Unsecured
View More...
Lawyer Services Available
100% Lawyer Drafted
Instant Download
Promissory Note Template
Promissory Note
View More...
Lawyer Services Available
100% Lawyer Drafted
Instant Download
Template Simple Promissory Note
For basic lending arrangements
View More...
Lawyer Services Available
100% Lawyer Drafted
Instant Download
Real Estate Promissory Note
Used for lending with real estate as collateral.
View More...
Lawyer Services Available
100% Lawyer Drafted
Instant Download
Template Personal Loan Promissory Note
For loan money between parties
View More...
*By purchasing a template, you acknowledge that you have read and understood ContractsCounsel's Terms of Use.

What Is a Promissory Note Template?

A promissory note template is a lawyer-drafted document used to formalize a loan agreement between two parties. It outlines the loan amount, repayment terms, interest rate, due dates, and consequences of default. The note acts as written proof of the debt and the borrower’s obligation to repay the lender under the agreed terms.

As a template, it includes blank fields to be filled in with case-specific details before being executed. These fields typically include:

  • [Date] of the agreement
  • [Lender Name]
  • [Dollar Amount] (loan principal)
  • [Interest Rate]
  • [Due Date] or [Payment Amount], [Frequency], and [Start Date]
  • [State] (for governing law)
  • Signatures and printed names for both the borrower and lender

What Are the Different Types of Promissory Note Templates?

Depending on the type of loan or asset involved, different promissory note templates are used. The most common categories include:

Real Estate Promissory Note

Used when one party lends money for a real estate purchase or refinance, often alongside a mortgage or deed of trust.

Investment Promissory Note

Used when someone invests in a business or venture and expects repayment with interest.

Commercial Promissory Note

Used by businesses to formalize borrowing from investors, partners, or third parties.

Vehicle Promissory Note

Outlines the repayment terms for a loan used to buy or finance a car or other vehicle.

Personal Loan Promissory Note

Used between individuals—often friends or family—to document personal loans with clear terms.

Secured Promissory Note

Backed by collateral, such as property, vehicles, or equipment. Allows the lender to take possession of the asset if the borrower defaults.

Unsecured Promissory Note

Not backed by collateral—relies solely on the borrower’s promise to repay.

What Are the Important Terms Included in a Promissory Note?

While the structure can vary depending on the type, most promissory notes include the following key provisions:

  • Principal Amount – The total amount being loaned.
  • Interest Rate – The annual rate applied to the unpaid balance.
  • Repayment Terms – Whether the borrower will make one lump-sum payment or multiple installments.
  • Due Date or Schedule – The specific date by which the loan must be paid, or a recurring payment schedule.
  • Default Clause – Describes the consequences if the borrower fails to pay on time.
  • Governing Law – Specifies which state's laws govern the contract.
  • Signatures – Signatures and names of both parties to make the note legally enforceable.

How To Fill Out a Promissory Note Template

Here’s a step-by-step guide for completing your promissory note template:

Step 1: Fill in the Date

Enter the [Date] at the top of the document when the agreement is being created.

Step 2: Add Lender and Borrower Names

Replace [Lender Name] with the full legal name of the person or business lending the money. The borrower is the person or entity signing the note and agreeing to repay.

Step 3: Enter the Loan Amount and Interest Rate

Fill in the loan [Dollar Amount] as the principal to be repaid. Specify the [Interest Rate] as an annual percentage (e.g., 5%).

Step 4: Choose and Complete Repayment Terms

Choose one of the following repayment structures:

Lump-Sum Payment

Enter the full [Due Date] when the entire loan must be repaid.

Installment Payments

Fill in the recurring [Dollar Amount] for each payment.
Indicate the [Day] (e.g., 1st, 15th) and [Month/Week] (e.g., monthly, weekly).
Enter the [Start Date] for when payments begin.

Example: "The Borrower shall make payments of $500 on the 15th of each month beginning on July 15, 2025."

Step 5: Specify the Governing Law

Replace [State] with the state whose laws should apply to the contract.

Step 6: Add Signatures

At the bottom of the template, both the Borrower and Lender should sign.
Type or print their full legal names below each signature.

Final Notes

A promissory note is a legally binding document that protects both the lender and the borrower by clearly outlining repayment terms. Whether you're lending a friend money, financing a vehicle sale, or structuring a commercial investment, a well-drafted promissory note template ensures that expectations are clear and enforceable.

Before finalizing your document, consider having a lawyer review your completed template—especially for larger sums or when collateral is involved. This helps ensure full legal compliance and reduces risk.

See Real Promissory Note Agreement Projects

Texas Draft Promissory Note Template and provide consultation and review Drafting
  • Texas
  • 6 lawyer bids
  • $440 - $1,750
View Details
Virginia Review Promissory Note Review
  • Virginia
  • 5 lawyer bids
  • $350 - $900
View Details
Arizona Enforceable Promissory Note Drafting
  • Arizona
  • 6 lawyer bids
  • $249 - $1,000
View Details
California Create Promissory Note Drafting
  • California
  • 8 lawyer bids
  • $350 - $750
View Details
New Jersey Draft Promissory Note for a loan Drafting
  • New Jersey
  • 8 lawyer bids
  • $250 - $1,200
View Details
Washington Create Promissory Note Drafting
  • Washington
  • 5 lawyer bids
  • $499 - $2,000
View Details

See all Promissory Note Agreement projects


ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.


Need help with a Promissory Note Template?

Create a free project posting
Clients Rate Lawyers 4.9 Stars
based on 23,389 reviews

Meet some of our Promissory Note Template Lawyers

Bobby H. on ContractsCounsel
View Bobby
5.0 (6)
Member Since:
June 22, 2023

Bobby H.

Associate Attorney
Free Consultation
Atlanta, Georgia
13 Yrs Experience
Licensed in GA
University of Miami School of Law

Bobby E. Hill, Jr. is a native of Tuscaloosa, Alabama and holds undergraduate degrees in music and business administration from Xavier University of Louisiana. He received his Juris Doctor from the University of Miami School of Law where he was a staff and articles editor for the school’s Race & Social Justice Law Review and a student attorney in the institution’s Immigration Clinic. In addition to freelancing, Bobby is currently a litigation associate at Johnson & Freeman, LLC, a boutique litigation firm in Atlanta, Georgia, where he practices in the firm's Condemnation, Probate, Real Estate Litigation, Real Estate Transactions, E-Discovery and Business and General Civil Litigation Practice areas. In this role, Bobby has acquired appreciable experience in drafting memoranda of law for partners and senior counsel, and all litigation related pleadings including pleadings related to dispositive motions, discovery, appeals, and other post-judgment relief.

Recent  ContractsCounsel Client  Review:
5.0

"Helpful. Professional. Gave us peace of mind on a business partnership agreement."

Nichelle W. on ContractsCounsel
View Nichelle
5.0 (2)
Member Since:
August 12, 2026

Nichelle W.

Business & Contracts Attorney | Outside General Counsel | Sports, Entertainment, Employment & Estate Planning
Free Consultation
Ocala, Florida
5 Yrs Experience
Licensed in FL
Nova Southeastern University Shepard Broad College of Law (J.D., summa cum laude, top 5%)

I help business owners, founders, employers, athletes, creators and families get contracts and legal documents done right the first time, at a flat fee agreed before any work starts. I am licensed in Florida (2021) and Washington, D.C. (2022). I practice as a business and contracts attorney and outside general counsel with Amethyst Law Group, and previously served as Florida Managing Attorney at Lento Law Group. Before that I sat on the business side of the table as General Manager and General Counsel of a professional basketball organization and as Deputy Commissioner of a start-up sports league, so I have negotiated, drafted and enforced the same agreements I now prepare and review for clients: sponsorship and vendor deals, player, coaching and staff contracts, employment and independent contractor agreements, licensing and brand deals. What I handle on ContractsCounsel: - Contract drafting, review and redlining: service agreements, MSAs, NDAs, vendor and supplier agreements, sponsorship, licensing, endorsement and brand deals - Business formation and governance: LLCs and corporations, operating agreements, bylaws, partnership and shareholder agreements, founder and equity arrangements - Employment and hiring: offer letters, employment agreements, independent contractor agreements, non-compete and confidentiality agreements, separation and severance agreements, handbooks and policies - Sports, entertainment and creator agreements: athlete representation, NIL, sponsorship, appearance, management and agency agreements (licensed FIBA agent) - Real estate: purchase and sale agreements, residential and commercial leases, contract review before you sign - Wills, trusts, powers of attorney and estate planning documents - Demand letters, cease and desist letters and pre-dispute contract enforcement - Ongoing outside general counsel support for small and growing businesses How I work: Every project starts with a fixed price and a delivery date you can plan around. You receive a plain-English summary of what the document does, what I changed and why, and any risks you should know about, not just a marked-up file. Two rounds of revisions are included so the final draft is exactly what you need, and I respond to messages the same business day. Credentials: J.D., Nova Southeastern University Shepard Broad College of Law, summa cum laude, top 5% of class, Senior Editor of the Southern Journal of Policy and Justice, Dean's Certificate of Professionalism, 300+ pro bono hours; M.S. Forensic Psychology (4.0 GPA); M.S.Ed. Sports Administration, University of Miami; B.A. English Language and Literature, Southern New Hampshire University. Recognized as an Elite Lawyer recipient. Malpractice insurance carried. Litigation background: first-chair trial attorney with experience in business, employment, real estate, consumer protection and family matters. I draft every contract with a clear view of how it will hold up if it is ever tested.

Jonathan G. on ContractsCounsel
View Jonathan
5.0 (3)
Member Since:
June 22, 2021

Jonathan G.

Attorney
Free Consultation
Lakewood, CO
13 Yrs Experience
Licensed in CO, TX
Texas Tech University School of Law

Small Business Attorney licensed in Texas and Colorado. Based in Dallas, appointments available in DFW area.

Recent  ContractsCounsel Client  Review:
5.0

"I've enjoyed working with Jonathan and will continue to work with him after this initial step is complete"

Namrita N. on ContractsCounsel
View Namrita
4.9 (12)
Member Since:
August 18, 2021

Namrita N.

Attorney at Law
Free Consultation
Plano, TX
6 Yrs Experience
Licensed in MN, TX
Mitchell Hamline School of Law

Retired Dentist transitioned to Law, with a special interest in Commercial Real Estate, Startup businesses, Asset Purchase Agreements, and Employment Contracts. I love to help dentists and physicians with legal issues pertaining to licensing, credentialing, employment, and general business-legal questions.

Recent  ContractsCounsel Client  Review:
5.0

"Dr Notani is a top lawyer. We very much appreciate her attentiveness and expertise."

Ramanathan C. on ContractsCounsel
View Ramanathan
4.8 (81)
Member Since:
January 20, 2022

Ramanathan C.

Attorney
Free Consultation
New York
8 Yrs Experience
Licensed in NY
London School of Economics and Political Science

Triple Qualified New York Attorney, Australian Lawyer & Enrolled NZ Barrister & Solicitor

Recent  ContractsCounsel Client  Review:
5.0

"Rama was timely and responsive to all my needs & questions. From day one, he presented a tailored proposal for my project that felt personalized and thoughtful. He is pleasant to work with and professional with his legal advice. I'd be happy to work with him again."

Yoann E. A. L. on ContractsCounsel
View Yoann E. A.
Member Since:
October 29, 2021

Yoann E. A. L.

Attorney
Free Consultation
California
7 Yrs Experience
Licensed in CA
Concord Law School at Purdue University Global

For over 15 years, I accumulated both hands-on technical and business experience as an IT engineer and entrepreneur, enabling me to understand your challenges probably better than anyone else on the legal market! My California-based full-online practice focuses on: - Intellectual Property (Copyright / Trademarks) - Privacy / Data Protection - Commercial matters (e.g. service contracts) - Corporate (e.g. incorporation, restructuring)

Melanie C. on ContractsCounsel
View Melanie
Member Since:
October 31, 2021

Melanie C.

Business & Intellectual Property Attorney
Free Consultation
NY/NJ
22 Yrs Experience
Licensed in NJ, NY
Emory University School of Law

Melanie Cunningham specializes in helping entrepreneurs remain creative and expansive by establishing the foundation of their business and protecting and maximizing their intellectual property. It’s her belief that entrepreneurs and micro and small business owners play a critical role in our communities, which propelled Melanie to return to private practice after more than a decade working for global financial institutions. Melanie’s practice is dedicated to delivering excellent legal support and protection to this vital, but an often underserved, community. Melanie credits her business training and the skills developed as a senior compliance officer with enabling her to help small business owners have a legally compliant business, while proactively advising clients during the growth process. She’s helped diverse entrepreneurs do business in a way that focuses more on collaboration than competition. Melanie has counseled small business owners in determining what is protection worthy (helping them obtain trademarks and copyrights) and making contact on their behalf in the case of infringement.

Find the best lawyer for your project

Browse Lawyers Now

Lawyer Reviews for Promissory Note Template Projects

Create Promissory Note

5.0

"Thank you for the prompt responses and timely completion of the project"

California
Drafting
Promissory Note Agreement
ContractsCounsel User

Review Promissory Note - RE rezoning project

5.0

"Clear communication. Delivered before time."

California
Review
Promissory Note Agreement
ContractsCounsel User

Review Promissory Note

5.0

"I had an excellent experience working with Allen to review my promissory note. Allen was professional, thorough, and took the time to clearly explain the terms, risks, and implications in a way that was easy to understand. I appreciated his attention to detail and responsiveness throughout the process. His guidance gave me confidence and peace of mind before moving forward. I would highly recommend his service to anyone needing careful and knowledgeable legal review."

Reply From Allen L.

View More
Tennessee
Review
Promissory Note Agreement
ContractsCounsel User

Help Reviewing Promissory Note for Loan

5.0

"helpful in reviewing document"

Georgia
Review
Promissory Note Agreement
ContractsCounsel User

IRS Compliance Review of Promissory Note and loan agreement

5.0

"Josh is very knowledgable and was extremely helpful. He responds promptly and is easy to talk to. I have had other encounters with lawyers in the past and this was by far the most refreshing encounter in terms of experience and outcome."

Massachusetts
Review
Promissory Note Agreement
ContractsCounsel User

Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.

View Trustpilot Review
Financial lawyers by top cities
See All Financial Lawyers
Promissory Note Template lawyers by city
See All Promissory Note Template Lawyers

ContractsCounsel User

Recent Project:
Set up loan contract / promissory note on a personal loan with equity in property as collateral
Location: New Jersey
Turnaround: A week
Service: Drafting
Doc Type: Promissory Note Agreement
Number of Bids: 3
Bid Range: $700 - $1,800
User Feedback:
.

ContractsCounsel User

Recent Project:
Promissory note for borrowing money
Location: Washington
Turnaround: Less than a week
Service: Drafting
Doc Type: Promissory Note Agreement
Number of Bids: 3
Bid Range: $300 - $1,200
User Feedback:
John went above and beyond!

Need help with a Promissory Note?

Create a free project posting
Clients Rate Lawyers 4.9 Stars
based on 23,389 reviews

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call

Find lawyers and attorneys by city