Connecticut Unsecured Promissory Note Template

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
Connecticut Unsecured Promissory Note - Adobe PDF - Microsoft Word

Connecticut Unsecured Promissory NoteAdobe PDFMicrosoft Word