Promissory Note (With Interest) — Word & PDF Template

This Promissory Note (With Interest) is a written, unconditional promise by one party (the maker) to repay a specified sum, plus interest, to another. It provides a clear and portable record of a debt for use in England and Wales.

Who is this template for?

For lenders and borrowers who want a simple IOU with interest — useful for private loans, business advances and situations where a full loan agreement is more than needed.

What does the template include?

The note is organised into clearly numbered sections:

• Parties — the maker (borrower) and payee (lender).
• Promise to Pay — the principal amount owed.
• Interest — the interest rate and how it accrues.
• Repayment Terms — when and how the debt is repaid.
• Unconditional Obligation — the promise is not conditional.
• Default Interest — interest on overdue amounts.
• Enforcement Costs — recovery of costs on default.
• Transferability — whether the note can be transferred.
• Governing Law — England & Wales jurisdiction.
• Signature of Maker — the borrower signs as a deed in front of a witness.

Easy to customise

The template works in Microsoft Word, Google Docs and LibreOffice. Fill in the highlighted fields, set the amount, interest and repayment terms, then have the maker sign.

Format and scope

Provided as an editable Word (.docx) file and a print-friendly PDF in A4 size, drafted for use in England and Wales.