Tennessee Unsecured Promissory Note Template
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The Tennessee Unsecured Promissory Note Template is available for download on this page (in .PDF or Word format). Unsecured promissory notes are a type of legal form which describe the various features of a loan agreement. Contrary to secured notes, unsecured notes do not have security (i.e. collateral) pledged from the borrower. Use the instructions in the guide below to learn the requirements of a properly drafted promissory note.

How to Write

Step 1 – The first step is to download the template.

Step 2 – Open the document (or print it out) and supply the following details:

• Date (dd/m/yy format).
• Names of borrower and lender.
• Addresses of borrower and lender.
• AND
• Fill in the principal sum as well as the interest rate.

Step 3 – Payments – This subsection details the agreed upon payment method, amount, and schedule.

• Provide the payment method (check the appropriate box).
• Enter the installment amount if required, and then submit the monthly OR weekly payment schedule.

Step 4 – Due Date:

• Fill in the final due date of the note’s principal sum.

Step 5 – Interest Due in Event of Default:

• Submit the interest rate that will be applied to the balance of the loan in the event of a default.

Step 6 – Late Fees:

• Enter the late fee amount.
• AND
• Provide how long the borrower will have to make a past-due payment (before the late fee is applied to the balance that is due).

Step 7 – Acceleration – This subsection details the period of time that the borrower will have, after defaulting, to “cure” the default (before the lender can take legal action).

Step 8 – Signatures:

• Provide the date in the given format.
• Enter the name of the borrower.
• Borrower must sign the form.
• Enter the name of the lender.
• Lender must sign their name.
• Witnesses must print AND sign their names.