Promissory note template
Document a loan with a legally binding promissory note that specifies the principal amount, interest rate, repayment schedule, and consequences of default. Protect both lender and borrower with a signed, verifiable record.
What this template covers
- Lender and borrower identification
- Principal loan amount
- Interest rate and calculation method
- Repayment schedule and due dates
- Late payment penalties
- Default and acceleration clause
- Governing law
Common use cases
How to send a promissory note for e-signature
- Upload your document — drag and drop your promissory note PDF into SignOwl, or use our template as a starting point.
- Add signature fields — use AI field detection to automatically place signature, date, and name fields, or add them manually.
- Send for signing — enter the signer's email and hit send. They'll get a link to sign from any device.
- Get the signed copy — both parties receive the signed document with a tamper-proof audit trail and SHA-256 verification.
Frequently asked questions
What's the difference between a promissory note and a loan agreement?
A promissory note is a simpler one-sided promise to repay. A loan agreement is a bilateral contract with more detailed terms. Promissory notes are common for personal loans; loan agreements for complex or business financing.
Is an electronically signed promissory note enforceable?
Yes. Under ESIGN Act and UETA, electronic signatures are valid for promissory notes. Keep the signed copy with the audit trail as evidence of the agreement.
Does a promissory note need to be notarized?
Generally no, but notarization strengthens enforceability. SignOwl's audit trail with timestamps and identity verification provides strong evidence even without notarization.
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