Hawaii Promissory Note Templates

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Updated June 13, 2022

A Hawaii promissory note templates are a set of documents purposed for two parties and is to be used for the loaning of money between a lender and borrower. The document has sections that cover interest rates, late fees, payment types, and other important areas.

Usury Rate – The default is 10% if no written contract is established, 12% is the general usury limit, and 10%  is the limit on judgments.

LawsHaw. Rev. Stat § 478-2, § 478-3, and § 478-4

Types (2)

Secured Promissory Note – Gives the lender security in the case of a default on the balance. The borrower and lender will determine item(s) that will be used as security before the signing of the agreement. Items that are typically used are homes, vehicles, or any other physical object with monetary value.

Download: Adobe PDFMS Word (.docx)OpenDocument



Unsecured Promissory Note – Lender has no sure way to be reimbursed for the money loaned to the borrower, and has to resort to small claims court to report the borrower’s default. Lenders that utilize this document should ensure the borrower they are loaning to can be completely trusted with his or her payments.

Download: Adobe PDFMS Word (.docx)OpenDocument



Usury Rate

The legal rate of interest in Hawaii when not otherwise specified is 10% per year. For consumer or home business loans, the rate may not exceed 12% per year. Hawaii law goes on to state, “With respect to any transaction other than a consumer credit transaction, a home business loan, or a credit card agreement, it shall be lawful to stipulate by written contract for any rate of interest not otherwise prohibited by law.” H.R.S. Title 26 Section 478-4

(Video) What is a Hawaii Promissory Note?

How to Write

Step 1 – Download the Hawaii Promissory Note Document –Submit the following:

  • The start date of the document – dd/m/yy format
  • The Borrower’s name
  • The borrower’s mailing address
  • AND
  • The Lender’s name
  • The Lender’s mailing address
  • AND
  • The principal sum of the note
  • The amount of the unpaid the percentage rate per annum

Step 2 – Payments –

  • In the line provided, submit a due date of which the full balance of the note would be due to include any late fees

Installments –

  • Check the box that would best reflect the agreed method of payment – Enter the total amount of the note that is required to be paid by the due date
  • If the borrower will pay in installments, check the “installments” box and provide the principal amount that shall be paid by the due date in the line provided
  • Check the box indicating payment frequency
  • Enter an amount of the required fee for late payments

Step 3 –  Security –

  • Should the note be unsecured, check the applicable box
  • If the note is to be “secured,” submit the information pertaining to the agreed property to be secured until the note has been paid in full

Step 4 – Titled Sections and Subsections –

  • Interest due in the Event of Default
  • Allocation of Payments
  • Prepayment
  • Acceleration (and 6A. – Security)
  • Attorney’s Fees and Costs
  • Waiver of Presentments
  • Non-Waiver
  • Severability
  • Integration
  • Conflicting Terms
  • Notice
  • Co-Signer – Check the box that applies  – if there will be a co-signer submit their name
  • Execution
  • Governing Law – (shall be governed under the laws of the state of Hawaii)

Step 5 – Signatures – Submit the following information, before a selected witness – Enter the following information:

  • Lender’s signature
  • Date of the form in mm/dd/yyyy format
  • Print name
  • AND
  • Borrower’s signature
  • Date of signature – (mm/dd/yyyy)
  • Print name
  • AND
  • If there shall be a co-signer, enter the name
  • Date of co-signer’s signature (mm/dd/yyyy )
  • Print name
  • AND
  • Witness’ signature
  • Date of the signature (mm/dd/yyyy)
  • Print name