Promissory Note
Interest, repayment schedule, default remedies — everything a court will enforce when you lend money.
Why you need one
A court-enforceable IOU
Lend to family, friends, or business partners without straining the relationship or losing your money.
Clear repayment schedule
Installments, lump sum, on demand, or balloon — the note says exactly when and how much.
Default remedies
Late fees, acceleration, and waiver-of-presentment clauses protect the lender.
Usury-aware
We flag when your interest rate may exceed your state's cap.
How it works
Answer a few questions
Takes about 10 minutes. Progress is saved as you go.
Pay a flat fee
Stripe checkout — cards + Apple Pay + Google Pay accepted.
Our expert team drafts it
State-specific, reviewed by an expert or partner attorney. 2 business days.
Download + sign
Delivered to your /account dashboard. Sign digitally or print + notarize.
What's in your document
- Loan amount + interest rate/type
- Repayment schedule
- Late fees + grace period
- Default + acceleration
- Prepayment + collateral
- Governing law + severability
Make it legal — after you receive it
Both parties sign
Lender and borrower sign. E-signature is fine.
Lender keeps the original
The lender holds the original; the borrower gets a copy.
Record security (if secured)
If the note is secured, record any UCC-1 / lien where applicable.
This is not legal advice. We draft legal documents and our team includes licensed experts who review each one, but we are not your law firm and nothing we deliver constitutes legal advice for your specific matter. Read our full disclaimer.
Competitor pricing checked against Rocket Lawyer and LegalZoom public pricing; excludes fees and may change. See our price sources for capture dates.
- State-specific — every state's format supported
- Delivered to your /account dashboard within 2 business days
- CPA + attorney review before delivery
- Free amendments for 30 days