Connecticut Unsecured Promissory Note Template
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The Connecticut Unsecured Promissory Note Template is a legal form that is entered into by a lender/borrower. The document outlines the various terms and details of a loan. The note is considered “unsecured” due to the fact that it is not backed by collateral. This is in contrast to a secured note, in which the borrower pledges collateral to the lender. Unsecured notes/loans are typically only issued to borrowers who are considered at low risk of default/non-payment.

Note: Once the template has been filled out, it must be signed by (two) witnesses in order to be enforceable.

How to Write

Step 1 – Download the template via the links at the top of the page.

Note: The .PDF document may be filled out electronically.

Step 2 – Submit the following information:

• Date
• Legal name of borrower
• Address of borrower
• AND
• Name of lender
• Address of lender
• AND
• Enter the principal sum
• Provide the interest rate

Step 3 – Payments – This subsection details the various payment terms. Select the payment method by checking the corresponding box:

• Installments
• No Installments
• Interest Only

The “Installments”/”Interest Only” options require the following additional details:

• Weekly due date
• OR
• Monthly due date

Step 4 – Due Date:

• Submit the due date (of the entire balance). This is the date which the full balance of the note (in addition to fees/interest) will be due.

Step 5 – Interest Due in the Event of Default:

• This subsection details the interest rate (per annum) that will be applied to the balance (should the borrower default).

Step 6 – Review the remaining subsections/titles.

Step 7 – Late Fees:

• Provide the number of days that the borrower will have to make a payment (after the initial due date) before a late fee can be applied to the balance.
• Submit the late fee amount.

Step 8 – Acceleration:

• The amount of time (entered in days) that the borrower may have to cure a default before the lender may demand the full balance of the note (due immediately).

Step 9 – Signatures:

• Provide the date (of the signing of the document).
• Name of lender
• Signature of lender
• Name of borrower
• Signature of borrower
• Signature/name of witness number one
• Signature/name of witness number two