# Promissory Note

This promissory note template is a legally binding document that outlines the details of a loan, including the repayment schedule, interest rate, and the obligations of the borrower to the lender.

Also known as: Another name for a promissory note is an "IOU," which stands for "I owe you." This term is often used informally to denote an acknowledgment of debt. In more formal financial contexts, a promissory note may also be referred to as a "note payable," especially in accounting and legal documents.

## Use a Promissory Note legal app
Want us to automatically fill out this template for you? Use this legal app to get guidance and final document you can use in a few minutes. No downloads required.

### Promissory Note
**By A2J Tech**  
$25  
This is a “Promissory Note” template for companies to use when they need to make a payment at a future date. This is a user facing interview, so you do not need an attorney for this workflow.

[Create This Document](/content/legal-apps/a2j-tech-promissory-note/index.html)

### Standard Promissory Note
**By Gavel**  
Free  
This legal app is built specifically for the US.

[Create This Document](/content/legal-apps/gavel-standard-promissory-note/index.html)

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## What is a Promissory Note?

### Download a Promissory Note template
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**Promissory Note**
This promissory note template is a legally binding document that outlines the details of a loan, including the repayment schedule, interest rate, and the obligations of the borrower to the lender.

### Promissory Note Word Document
[Download Template as DOCX](https://cdn.prod.website-files.com/6171b9a11f15d167a977c766/6786331099a7420821c1e185_EW2d7F-3S1kKc4c9JHiatEsJHcRwmt_H8PTiTwFHCAI.docx)

### Promissory Note PDF
[Download Template as PDF](https://cdn.prod.website-files.com/6171b9a11f15d167a977c766/6786331099a7420821c1e182_HY0gMkENC4095brp9sjV89t2A0qqA2ENDowRjTuZJos.pdf)

### Promissory Note to copy/paste

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