Promissory Note Template

A written promise to repay a debt: principal, interest, schedule and default terms.

Use this free promissory note template to create, fill in and sign a promissory note online. Send to the other party for a legally binding signature — tamper-evident audit trail included.

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How to use the Promissory Note template

  1. Open the template — Open the Promissory Note template — the fields are laid out and ready, so you don't start from a blank page.
  2. Fill in your details — Type in the names, dates and terms. Adjust any wording to fit your situation; the layout updates as you go.
  3. Send for signature — Add the other party's email and send it for a legally binding e-signature, with a tamper-evident audit trail.

Template preview

PROMISSORY NOTE

For value received, [borrower name] ("Borrower") promises to pay [lender name] ("Lender") the principal sum of [principal] on the terms below. Dated [date].

1. Interest

Interest accrues on the unpaid principal at [interest rate] per year, calculated from the date of this Note.

2. Repayment

Borrower will repay the principal and interest in [installments] payments, beginning [first payment date], until paid in full on or before [maturity date].

3. Prepayment

Borrower may prepay all or part of the balance at any time without penalty. Payments apply first to accrued interest, then to principal.

4. Default

If any payment is more than [grace period] days late, the entire unpaid balance becomes due immediately at the option of the Lender.

5. Governing Law

This Note is governed by the laws of [jurisdiction].

Frequently asked questions

Is this Promissory Note template free?

Yes. You can open, fill in and try the promissory note template for free — no account needed to start.

Is a signed promissory note legally binding?

Yes. Signatures made with PDF Verified comply with the US ESIGN Act, eIDAS (EU), UETA and equivalent e-signature laws in 190+ countries, and every signed document carries a tamper-evident SHA-256 seal and audit trail.

Can I edit the Promissory Note template?

Yes. The template is a starting point — change any text, add or remove fields, and place signature, date or stamp fields wherever you need them.

Do I need an account?

You can start filling it in right away. An account is only needed to send for signature, save, or download the sealed copy.

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