 | Oklahoma Promissory Note Templates |
The Oklahoma promissory note templates are designed for secured and unsecured notes. Use the secured template if you are drafting an agreement where the borrower is going to pledge collateral (as security). The unsecured template should be used if no collateral is needed. The templates are available in .PDF or Word format (via the links on this page). Once the template has been downloaded, use the guides (found on the “Secured” and “Unsecured” pages) to learn how to properly draft your note.
Usury Rate – Under Tit. 15 §266, The legal interest rate for the State of Oklahoma is six percent (6%) – unless another rate has been established in writing. It should be noted, that personal loans (from one person to another) have a maximum interest rate of ten percent (10%).
Oklahoma Secured Promissory Note Template
The Oklahoma Secured Promissory Note Template is to be used to detail the repayment options, principal amount, interest rate, and other facets of a loan agreement. The template is a contractual document, entered into by two parties (a lender/borrower), that is legally enforceable (provided that it’s been formatted properly). Use the links provided on this page […]
Oklahoma Unsecured Promissory Note Template
The Oklahoma Unsecured Promissory Note Template can be downloaded in .PDF or Word format. The template is designed to be used as a starting point when drafting an unsecured promissory note. Unsecured notes are a type of loan agreement, which in contrast to secured notes, do not require the borrower to pledge security (aka collateral). Another […]
