Promissory Note for Personal Loan (Lump-Sum Payment Without Interest)

Use this IOU form when lending money that will be repaid at a particular time without interest.  Designed especially for use between family and friends, this promissory note sheds the legalese and simply lays out the terms of the loan.

You can save and edit the form before you buy--just create a Nolo.com account. It's easy, free, and there's no obligation to buy anything. If you purchase the form, you'll be able to print, send, or download it.

See below the form for a full product description.

 

Promissory Note

Borrower

Alternate Selection

Label Contract Text
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two



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four





Lender

Loan

In return for a loan Borrower has received from Lender, Borrower promises to pay to Lender the amount of $ by  at . If there is more than one borrower, they agree to be jointly and severally liable.

Attorneys' Fees

If Lender sues Borrower to collect on this note, and wins, Borrower agrees to pay Lender's attorneys' fees in an amount the court finds to be fair and reasonable.

Entire Agreement

This note represents the entire agreement between Borrower and Lender. Any modifications must be in writing and signed by both Borrower and Lender.

Keep Together

Terminology

The term Borrower refers to one or more borrowers. The term Lender refers to more than one lender and to any person who legally holds this note, including a buyer in due course.

Alternate Selection

Label Contract Text
one

Borrower's Signature

Signature: ________________________________________
Date: _____________________________________________

two

Borrowers' Signatures

Signature: ________________________________________
Date: _____________________________________________


Signature: ________________________________________
Date: _____________________________________________

three

Borrowers' Signatures

Signature: ________________________________________
Date: _____________________________________________


Signature: ________________________________________
Date: _____________________________________________
 

Signature: ________________________________________
Date: _____________________________________________

four

Borrowers' Signatures

Signature: ________________________________________
Date: _____________________________________________
 

Signature: ________________________________________
Date: _____________________________________________
 

Signature: ________________________________________
Date: _____________________________________________
 

Signature: ________________________________________
Date: _____________________________________________

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Certificate of Acknowledgment of Notary Public


State of _______________________________        )

                                                                                    )           ss

County of _____________________________         )

 

 

On _______________ before me, _________________________________________ (here insert name and title of the officer) personally appeared _______________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

 

I certify under PENALTY OF PERJURY under the laws of the State of ___________ that the foregoing paragraph is true and correct.

                                                            WITNESS my hand and official seal.

                                                            _____________________________________

                                                            Notary Public for the State of ______________

                                                            My commission expires __________________

[NOTARY SEAL]

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