Free Promissory Note Template — Loan Agreement
Contract template · Free
A promissory note turns a loan into an enforceable written promise: the principal amount, interest rate, repayment schedule, and what happens on default. It is essential even — especially — for loans between friends, family, or business partners.
Complete the amounts and dates, and both parties can sign from any device. A signed note prevents the memory disputes that unwritten loans almost always produce.
What's inside
- Principal amount and disbursement date
- Interest rate and calculation method
- Repayment schedule: installments or lump sum
- Prepayment terms and default consequences
- Governing law and signatures
From template to signed
01
Open the template
Sign in and open this template in the editor — every section is pre-written and ready to adapt.
02
Make it yours
Edit the text, adjust the terms, add your pricing. The AI assistant can rewrite any section to fit your project.
03
Send one link
Your client views, e-signs, and pays through the same link — no printing, no PDF attachments, no client account.
Frequently asked questions
Is a promissory note legally binding?
Yes — a signed promissory note is an enforceable debt instrument in most jurisdictions. Note that usury laws cap the interest rate you may charge; check your local limit before setting the rate.
Do I need one for a loan to family?
Especially then. A written note protects the relationship by removing ambiguity about whether it was a loan or a gift, and documents terms for tax purposes.
Is this template free to use?
Yes. Sign in with a free Pactiamo account, open the template, and customize it in the editor. No credit card required.
Can my client sign this online?
Yes. You share a single link; your client reviews and e-signs from any device without creating an account. You can also embed your own payment link so they can pay right after signing.
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