Hawaii Unsecured Promissory Note Template
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The Hawaii Unsecured Promissory Note Template is a legal form that describes the various terms of a loan (such as the payment information, interest rates, principal sum, etc.). Unsecured notes differ from secured ones in that they do not have the backing of the borrower’s pledged collateral. The template is available for download in .PDF or Word format. The .PDF file can be filled out and signed electronically.

Note: The maximum interest rate in the State of Hawaii is 10% (according to H.R.S. 478-2).

How to Write

Step 1 – Download the form using the links on the top of this page.

Step 2 – Enter the following details:

• Date
• Legal name/address of borrower
• AND
• Name/address of borrower
• Principal sum
• Agreed interest rate

Step 3 – Payments: The payments subsection details the payment amount, schedule, etc.

• Select the payment method by checking the corresponding box (No Installments, Installments, Interest Only).
• If “Installments” or “Interest Only” is the selected payment method then the monthly/weekly due date must be entered into the appropriate input field.

Step 4 – Due Date:

• Submit the due date of the principal sum.

Step 5 – Interest Due in Event of Default:

• Submit the interest rate that will be applied if the borrower defaults on the note/loan.

Step 6 – Late Fees: If the borrower misses making a payment by the agreed upon due date, they will have X amount of days to make the payment before a late fee will be applied to the due balance.

• Enter the number of days
• Submit the agreed upon late fee

Step 7 – Acceleration:

• If the borrower defaults on the note/loan, they will have the number of days entered in this subsection to “cure” the default.
• Submit the number of days.

Step 8 – Signatures:

• Submit the date.
• The borrower/lender must print/sign their names in the allotted input fields.
• AND
• Each witness is required to print/sign their name.