PROMISSORY NOTE
Promissory Note — 미국 약속어음 · EN
Fill in the form and this document is generated automatically. Preview it free with a watermark — the clean original unlocks after payment.
Free preview & fill →
Download original · ₩9,900 ≈ $8
Sample output (actual rendering)
PROMISSORY NOTE
MAKER Name: John Smith
Address: 45 Oak St, Austin, TX
PAYEE Name: Jane Doe
Address: 12 Pine Ave, Austin, TX
FOR VALUE RECEIVED, the undersigned Maker promises to pay to the order of the Payee the principal sum of USD 5,000.
1. Interest
The principal shall bear interest at 6% per annum.
2. Repayment
The principal and accrued interest shall be repaid by monthly installments, with maturity on September 14, 2027 .
3. Security
This note is unsecured.
4. Default
If the Maker fails to pay any amount when due, the entire unpaid balance shall become immediately due and payable at the Payee's election, together with reasonable costs of collection.
5. Governing Law
This note is governed by the laws of the State of Texas.
September 14, 2026
Maker: John Smith ________________
When you need this document
- Documenting a loan between private parties in the US — friends, family, or business counterparties
- When a simple IOU isn't enough and you need enforceable repayment terms
Drafting tips
- State principal, interest rate, and repayment schedule explicitly — ambiguity is the top cause of disputes
- Choose secured vs. unsecured deliberately — secured needs a collateral description
- Set governing law to the borrower's state or where the loan is made
⚠️ Usury limits vary by state — a rate above the state cap can void the interest or the note itself. This template is a general form, not a substitute for state-specific review.
How it works
- Open the studio with the button below
- Fill in the guided fields
- Check the live preview and download the original
Information you'll need
Maker nameMaker addressPayee namePayee addressPrincipal amountCurrencyInterest rateRepaymentMaturity dateSecured?Collateral descriptionGoverning stateDate
Related documents
LOAN AGREEMENTSERVICES AGREEMENTSETTLEMENT AGREEMENTPOWER OF ATTORNEYWRITTEN PLEDGEVEHICLE BILL OF SALENON-DISCLOSURE AGREEMENTSALE OF GOODS AGREEMENT
FAQ
Does it need notarization?
Not required in most states, but notarization strengthens enforceability and deters forgery claims.
Secured vs. unsecured?
Secured notes let you claim collateral on default; unsecured rely on the borrower's credit.
This document is a general template, not legal advice for your specific case. Have important documents reviewed by a professional.