Georgia Unsecured Promissory Note Template
	Adobe PDF MS Word

The Georgia Unsecured Promissory Note Template can be downloaded in either Word or .PDF format using the links near the top of this page. The template is designed to be used to outline the various terms of a loan (principal sum, interest rate, payment schedule, late fee details, etc.). Unsecured notes are not backed by pledged assets of the borrower (in contrast to secured notes). For this reason, unsecured notes typically have higher interest rates than secured ones.

How to Write

Step 1 – Download the document.

Step 2 – Submit the following details:

• Full name of the borrower
• Address of the borrower
• Name/address of lender
• Principal sum of note
• Per annum interest rate (in accordance with § 7-4-2)

Step 3 – Payments – This section outlines the payment terms:

• Select a payment method (No Installments, Installments, Interest Only)

Note: Enter the installment amount if the chosen method is “Installments.”

Step 4 – If “Installments” (or “Interest Only”) is selected then the due date details must be entered:

• Submit the monthly due date
• OR
• Enter the weekly due date

Step 5 – Interest Due in Event of Default:

• Fill in the interest rate that will be applied to the balance should the borrower default on the note.

Step 6 – Late Fees:

• Fill in the amount of time the borrower will have to make a past-due payment before the lender can apply a late fee to the owed balance.
• Submit the late fee amount.

Step 7 – Acceleration: If the borrower defaults on the loan, they will have the number of days submitted in this subsection to “cure” the default. If the borrower fails to cure the default within this amount of time then the lender can demand that the full balance of the note be due immediately.

• Submit the number of days the borrower will have to cure a default.

Step 8 – Signatures:

• Enter the date.
• The parties (lender/borrower) must provide their names and signatures in the appropriate input fields.
• Witnesses must print/sign their names.