![]() | Ohio Promissory Note Templates |
The Ohio promissory note templates allow a lender and borrower to enter into a written loan agreement. The templates provide a quick and easy way to fill out the required information of a promissory note (such as the principal sum, interest rate, due date, payment/installment amount, etc.). The templates can be used to draft a secured or unsecured note. The main difference between the two types of notes is that secured notes require that the borrower pledge assets as security (aka collateral).
Usury Rate – Per §1343.01, the maximum legal interest rate in the State of Ohio is eight percent (8%).
Ohio Secured Promissory Note Template
![Ohio Secured Promissory Note Template Ohio Secured Promissory Note Template](http://promissorynotes.org/wp-content/uploads/2016/12/ohio-secured-promissory-note-form-150x150.jpg)
Use the instructions posted on this page to learn how to create an Ohio Secured Promissory Note Template. The template is available in two different formats: .PDF and MS Word. Secured promissory notes are a type of written agreement, entered into by a lender and borrower, that serve to establish the various terms of a […]
Ohio Unsecured Promissory Note Template
![Ohio Unsecured Promissory Note Template Ohio Unsecured Promissory Note Template](http://promissorynotes.org/wp-content/uploads/2016/12/ohio-unsecured-promissory-note-form-150x150.jpg)
The Ohio Unsecured Promissory Note Template provides a written record of an agreement between two parties (a lender/borrower) regarding a loan. The template can only be used to draft an unsecured promissory note (i.e. a note that does not require collateral from the borrower). Unsecured notes typically feature higher interest rates, due to the fact that […]