Self-help templates
Promissory Note (Written Promise to Repay a Loan)
For a short written promise to repay a loan: the amount, how and when it is paid, interest, early repayment, and what happens if payments stop.
Card payment through Stripe. Your files are ready straight after payment and are also sent by e-mail.
Licence: this document is for your personal use only. You may not resell, share, copy or republish it, or use its content, without the written permission of TheLawToKnow.
How to use it
- When: one person lends money to another and wants a short, clear document in which the borrower promises to repay it. It is simpler than a full loan agreement.
- Who signs: the borrower, who makes the promise. The lender keeps the original, and the borrower keeps a copy.
- Fill in everything in [square brackets] and cross out options that do not apply. State the amount in numbers and in words.
- Hand over the money properly: pay by bank transfer where you can, or give a signed receipt. Write down the date.
- Record each repayment: note every payment on the note or on a separate sheet, signed by the lender.
- Tip: when the borrower repays in full, the lender should sign and return the original marked "paid".
What is inside
- Art. 1. The borrower
- Art. 2. The lender
- Art. 3. The promise to pay
- Art. 4. How and when it is paid
- Art. 5. Interest
- Art. 6. Early repayment
- Art. 7. Default
- Art. 8. Security or guarantor (optional)
- Art. 9. Law, copies and declaration
- Notes on the clauses and a checklist of what to check under your country's law
What these templates are not
- They are self-help templates, not legal advice, and they do not replace a lawyer.
- Laws differ from country to country, and some rules cannot be changed by contract. Each template ends with a checklist of what to check where you live.
- For a high-value or unusual situation, ask a local lawyer or notary to look at the final text.
TheLawToKnow Tools. Self-help template. Not legal advice. Check the law currently in force. Written with the help of AI tools and reviewed by a lawyer-author.