Example ContractsPremium TemplatesPromissory Note (Unsecured)

Promissory Note (Unsecured)

Note--Personal Loan--Promissory Note

General-purpose unsecured promissory note.

AllDrafts supports a shareable intake questionnaire to automatically prepare a draft version of this contract which you can easily edit online.

You can also download it in PDF or as a well-structured Microsoft Word document.

This Promissory Note Template for lawyers is a comprehensive legal document that outlines the terms and conditions for a loan agreement between a borrower and lender. Designed for clarity and enforceability, it covers key topics such as:

  1. Installment Payments – Detailed schedule for principal and interest payments.
  2. Due Date – Final payment deadline for the loan balance.
  3. Default Interest – Interest terms for missed payments or loan maturity.
  4. Allocation of Payments – Order of crediting payments.
  5. Prepayment Options – No-penalty terms for early repayment.
  6. Late Charges – Penalties for overdue installments.
  7. Acceleration Clause – Lender’s rights if borrower defaults.
  8. Attorneys' Fees & Costs – Cost recovery for legal actions.
  9. Governing Law – Legal jurisdiction for enforcement.
  10. Non-Waiver & Severability – Protecting lender's rights and note validity.
  11. Integration – Stipulation of the agreement's entirety and modification requirements.

This template ensures legal protection for both parties, offering clear provisions for default handling, prepayment, and dispute resolution. Perfect for attorneys drafting or reviewing loan agreements.

This is not legal advice, and is not intended for use by consumers. This template is offered to licensed AllDrafts users as a resource for lawyers who are responsible for adapting this draft to their client's specific needs and circumstances and ensuring compliance with applicable laws.

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