Florida Unsecured Promissory Note Template
	Adobe PDF MS Word

The Florida Unsecured Promissory Note Template is an interest-bearing document that is used to outline the specific terms of a loan. “Unsecured” notes are not backed by the collateral of the borrower, in contrast to “secured” notes (where the borrower pledges his/her assets). Unsecured notes/loans are typically only issued to a borrower who the lender feels is “low risk” (i.e. their financial history does not preclude them to defaulting on the loan).

Usury Information: The maximum amount of interest that can be charged in Florida is 18% (for loans under $500,000) OR 25% (for loans over $500,000).

How to Write

Step 1 – Download the form using the links posted above. The template may be downloaded in .PDF or Word format.

Step 2 – On the first page of the form (in the first paragraph) enter the following:

• Date
• Name/address of borrower
• Name/address of lender
• AND
• Submit the principal sum
• Enter the interest rate

Step 3 – Payments – The loan may be paid back in three separate ways (listed below). Select one of the methods by checking the corresponding box:

• No Installments
• Installments – fill in the installment amount
• Interest Only

Step 4 – The “Installments” or “Interest Only” payment method requires additional details:

• Fill in the monthly OR weekly due date details.

Step 5 – Default Interest: Under the “Interest Due in the Event of Default” subsection enter the following details:

• Interest rate that will be applied to the balance (should the borrower default on the note).

Step 6 – Late Fees: This subsection details the number of days the borrower will have to make a past-due payment before a late fee will be applied to that payment.

• Enter the number of days.
• Fill in the amount of the late fee.

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 doesn’t cure the default within this time period, the lender may declare the full balance of the loan due immediately.

• Fill in the number of days.

Step 8 – Signatures:

• Submit the date
• AND
• Enter the names/signatures of the lender/borrower.
• The witnesses must print/sign their names in the appropriate input fields.