What this form is for
Promissory Note for a Personal Loan. A written promise to repay money: how much, to whom, at what interest, and on what schedule.
Who needs it
Anyone lending or borrowing privately, including between family.
Before you start
Have these to hand — stopping halfway to look one of them up is how a ten-minute job becomes an evening.
- The principal
- The interest rate
- The repayment schedule and final date
- What happens on a missed payment
How to fill it in
Open the file in the Quire editor. Existing form fields become editable straight away; on a flat scan you can drop your own text boxes, checkboxes and dates exactly where they belong. Sign it with the Sign tool — draw, type or upload your signature — then export.
Everything happens in your browser. A signed agreement carries enough personal information that it has no business sitting on somebody else's server, and here it never does.
What goes wrong
- Every state caps private interest rates. Exceeding the cap can void the interest and sometimes the whole debt.
- A family loan at no interest or below the IRS applicable federal rate can be treated as a gift for tax purposes.
Where it goes
No filing is required. Exchange signed copies and keep them for as long as the obligation runs, plus your usual retention period.
This page explains the document and helps you fill it in. It is not legal or tax advice, and it is not affiliated with any government agency.