Promissory Note Template

A promissory note is a written promise by a borrower to repay a lender a set amount under agreed terms. The template turns that into a reusable format with the headings and prompts already in place, which saves effort and keeps the wording consistent. You personalize the details and download the finished document.

Use it whenever you lend or borrow money and want the terms in writing, whether between friends, family, or businesses. Whether it is a one-off need or something you handle regularly, the template fits both. You open it, update the details for the occasion, and download a clean, finished version whenever you need it.

At minimum it covers the lender and borrower details, the loan amount, interest rate, repayment schedule, due date, and signatures. Each part is laid out for you, so you focus on the content rather than the formatting, and the finished promissory note stays clear and complete.

Individuals, small business owners, and lenders who need a simple loan record benefit most from it. Whether you create one occasionally or often, the template saves time and keeps the output consistent. Because it is easy to adapt, people with no experience can produce a polished promissory note just as confidently as regular users.

A properly completed promissory note can be legally binding once both parties sign it, since it sets out a clear promise to repay a specific amount. Requirements vary by location, so check local rules for witnesses or notarization. Our template gives you a solid starting structure to adapt for your situation.

Not always. Some promissory notes are unsecured, relying only on the borrower's promise to repay, while others list collateral to protect the lender if payments are missed. Our template includes an optional section for collateral, so you can adjust it to a personal loan or a larger secured arrangement.

Once you have finished editing in the OnlyDoc editor, you can export your promissory note as PDF, DOC, XLSX, PPTX, JPG, or PNG. That gives you a file to email, a printable copy, and an editable version you can update later if the loan terms change.