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 Simple Promissory Note
For basic lending arrangements
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
Template Vehicle Promissory Note
For lending for vehicles
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
New York
NY Promissory Note Unsecured
NY Promissory Note Unsecured
View More...
Lawyer Services Available
100% Lawyer Drafted
Instant Download
Template Investment Promissory Note
For parties engaged in investing and lending
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

New Jersey Set up loan contract / promissory note on a personal loan with equity in property as collateral Drafting
  • New Jersey
  • 3 lawyer bids
  • $700 - $1,800
View Details
Georgia Help Reviewing Promissory Note for Loan Review
  • Georgia
  • 4 lawyer bids
  • $350 - $599
View Details
Texas Draft Promissory Note Template and provide consultation and review Drafting
  • Texas
  • 6 lawyer bids
  • $440 - $1,750
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
Massachusetts IRS Compliance Review of Promissory Note and loan agreement Review
  • Massachusetts
  • 5 lawyer bids
  • $350 - $700
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 21,989 reviews

Meet some of our Promissory Note Template Lawyers

Sarah T. on ContractsCounsel
View Sarah
5.0 (31)
Member Since:
January 12, 2025

Sarah T.

Attorney
Free Consultation
Fort Worth, Tx
16 Yrs Experience
Licensed in TX
Texas Wesleyan University School of Law

Sarah has been practicing law since 2010. Prior to becoming an attorney, Sarah worked in the insurance industry for 5 years. Sarah's practice includes civil litigation, contracts, and family matters.

Recent  ContractsCounsel Client  Review:
5.0

"Sarah was extremely knowledgeable and helpful! Well worth the money!"

Dolan W. on ContractsCounsel
View Dolan
5.0 (592)
Member Since:
September 8, 2024

Dolan W.

Attorney
Free Consultation
San Diego, California
10 Yrs Experience
Licensed in CA
Purdue Law School

You need a lawyer who's more than just knowledgeable – you need someone who's on your side. That's where I come in. I'll be there every step of the way, offering clear communication and proactive solutions. Whether you're starting a business or navigating a complex legal matter, I'll help you make informed decisions and achieve your goals. I also have drafted many templates to save you money. Just use this link - https://www.contractscounsel.com/client/lawyer-profile/3764#Templates Why Choose Me? I put you first I'm proactive I'm efficient I'm accessible

Recent  ContractsCounsel Client  Review:
5.0

"I had an excellent experience working with Dolan on my employment separation agreement. He was responsive, knowledgeable, and took the time to carefully review my documents and answer my questions in a way that was easy to understand. His advice was practical and thoughtful, and he identified several important issues that I would not have considered on my own. I appreciated that he explained both the legal implications and the negotiation strategy rather than simply reviewing the agreement. If you are looking for an employment attorney who is professional, thorough, and genuinely invested in helping you protect your interests, I would highly recommend Dolan."

Ricardo A. on ContractsCounsel
View Ricardo
4.7 (6)
Member Since:
December 24, 2024

Ricardo A.

Associate General Counsel
Free Consultation
San Antonio, Texas
24 Yrs Experience
Licensed in DC, TX
Interamerican Law School

Ricardo Aponte Parsi is a real estate and corporate counsel with a 22+-year track record of assessing risk, managing litigation, and building compliance systems to protect organizational interests. Trusted business partner and problem solver, dedicated to delivering exceptional results that advance business objectives through preventive counseling, strategic risk management, and shrewd advocacy. Collaborative team leader and project manager who builds relationships, leads change, and communicates effectively with private and public stakeholders. He obtained a bachelor's degree from Syracuse University (1994) with a major in International Relations and his law degree from the Interamerican University of Puerto Rico School of Law (2000). In May 2014, he completed a Master of Laws from Northwestern University School of Law and a Certificate in Business Administration from IE Business School in Madrid, Spain. In 2018, he completed a second LL.M. at Georgetown University Law School in Securities and Financial Regulation. In 2022, he completed a certification in Privacy Law from Seton Hall University School of Law. He was president of the Board of the Puerto Rico Education Council, the licensing agency for the Commonwealth, and is currently the Chairman of the Board of Trustees of the San Juan Community College. Since November of 2024, he has worked as an attorney-advisor for the United States Air Force Installations, Energy and Environmental Law Division (SAF/GCN) at Lackland Air Force Base, in San Antonio, Texas.SAF/GCN provides legal and policy advice to members of the Secretariat, the Air Staff, and the Space Staff on virtually all matters relating to the Department’s 180 installations, nearly 10 million acres of real estate, Base Realignment, and Closure; annual $7 billion installation and operational energy budgets; annual multibillion-dollar military construction program; $8.3 billion military privatized housing portfolio; programs for environmental planning, compliance, and restoration and natural and cultural resources management; and programs for safety and occupational health. The Division advises the Center of Excellence for Environment, Facilities, and Installations and the Energy, Environmental, and Installations Directorates within the Air Force Civil Engineer Center. Experienced with estate planning, wills, trusts, prenuptial agreements and powers of attorney.

Recent  ContractsCounsel Client  Review:
5.0

"Ricardo helped me document the change from a single member LLC to a multi-member LLC. He was helpful along the way informing me of topics to consider and when to seek CPA advice. Highly recommend."

David L. on ContractsCounsel
View David
5.0 (4)
Member Since:
July 11, 2023

David L.

Managing Member
Free Consultation
El Paso Texas
28 Yrs Experience
Licensed in NM, TX
Texas Tech University School of Law

Experienced real estate, business, and tax practitioner, representing start up and established businesses with formation, contracts, and operational issues.

Recent  ContractsCounsel Client  Review:
5.0

"David was professional, knowledgeable, and incredibly helpful, he made the entire process smooth and stress free."

Michael J. on ContractsCounsel
View Michael
5.0 (1)
Member Since:
July 14, 2022

Michael J.

Partner
Free Consultation
Warren, New Jersey
18 Yrs Experience
Licensed in NJ, NY
New York Law School

Combining extensive experience in litigation and as general counsel for a real estate and private equity company, I provide ongoing guidance and support to clients on a variety of transactional matters, including business formation, partnership agreements, corporate agreements, commercial and residential leasing, and employment issues.

Recent  ContractsCounsel Client  Review:
5.0

"Michael did an excellent job. I will hire him again. Thank you!"

Anand A. on ContractsCounsel
View Anand
5.0 (39)
Member Since:
July 17, 2022

Anand A.

Counsel
Free Consultation
Philadelphia, PA
12 Yrs Experience
Licensed in NJ, PA
Rutgers University School of Law

Anand is an entrepreneur and attorney with a wide-ranging background. In his legal capacity, Anand has represented parties in (i) commercial finance, (ii) corporate, and (iii) real estate matters throughout the country, including New Jersey, Pennsylvania, Delaware, Arizona, and Georgia. He is well-versed in business formation and management, reviewing and negotiating contracts, advising clients on financing strategy, and various other arenas in which individuals and businesses commonly find themselves. As an entrepreneur, Anand is involved in the hospitality industry and commercial real estate. His approach to the legal practice is to treat clients fairly and provide the highest quality representation possible. Anand received his law degree from Rutgers University School of Law in 2013 and his Bachelor of Business Administration from Pace University, Lubin School of Business in 2007.

Recent  ContractsCounsel Client  Review:
5.0

"Anand was a pleasure to work with! He was very thorough and professional."

Find the best lawyer for your project

Browse Lawyers Now

Lawyer Reviews for Promissory Note Template Projects

Review Promissory Note

4.7

"David was very informative during our initial call, and helped me understand the scope of work that my project needed depending on how many legal avenues I wanted addressed and covered. The work he provided was detailed and completed by the deadline that he provided."

Colorado
Review
Promissory Note Agreement
ContractsCounsel User

Secure Promissory Note for loans provided to Comet Skateboards, Inc

5.0

"Great work! (I do not want my review to be public)"

California
Drafting
Promissory Note Agreement
ContractsCounsel User

JHI Promissory Note Review

5.0

"Answered all of my questions promptly - even recommended some good podcasts related to my acquisition. 10/10"

Wyoming
Review
Promissory Note Agreement
ContractsCounsel User

Draft and structure secure loan agreement(Personal Guarantee+ collateral)

5.0

"Pretty much finished up with the project, aside from some finishing touches. I have to say, Michael did a great job. He worked patiently with me through any irregularities or confusion. What I appreciated most was that his vision was to get me the best results, ensuring a secure structure and a solid investment. I really appreciate his work and help."

Florida
Drafting
Promissory Note Agreement
ContractsCounsel User

Trust Promissory Note Document Review

5.0

Texas
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:
Help Reviewing Promissory Note for Loan
Location: Georgia
Turnaround: Less than a week
Service: Contract Review
Doc Type: Promissory Note Agreement
Page Count: 8
Number of Bids: 4
Bid Range: $350 - $599
User Feedback:
helpful in reviewing document

ContractsCounsel User

Recent Project:
Review Promissory Note
Location: Virginia
Turnaround: Less than a week
Service: Contract Review
Doc Type: Promissory Note Agreement
Page Count: 6
Number of Bids: 5
Bid Range: $350 - $900

Need help with a Promissory Note?

Create a free project posting
Clients Rate Lawyers 4.9 Stars
based on 21,989 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