Free Promissory Note Generator
Lending or borrowing money between friends, family, or a small business? Put the terms in writing so both sides know exactly what was agreed.
1. Describe the Loan
Say who's lending, who's borrowing, and the amount.
2. Set Repayment Terms
Add the repayment schedule, interest rate (if any), and what happens if a payment is missed.
3. Sign It
Download a clean PDF with signature lines for both the lender and borrower.
Frequently Asked Questions
Is a promissory note legally enforceable?
Yes — a signed promissory note is a legally binding written promise to repay a debt, and can be used as evidence in court if the borrower doesn't pay.
What's the difference between a promissory note and a loan agreement?
A promissory note is a simpler, one-sided written promise to pay; a full loan agreement is more detailed and typically used for larger or more complex loans between businesses.