Basic Promissory Note

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Simple promissory note template for personal loans.

A straightforward promissory note documenting repayment terms between individuals.

When To Use

When lending or borrowing money informally between acquaintances.

Template

Example

Promissory Note

Borrower: Tim Green
Lender: Sara Park
Amount: $1,000
Repayment Terms: $100/month for 10 months
Date: April 5, 2026

Frequently Asked Questions

Should it be notarized?

Not required in many cases but notarization can add formality and provenance.

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