New Hampshire Unsecured Promissory Note Template

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The New Hampshire unsecured promissory note binds two parties into an agreement that requires one party (the borrower) to make a single or consistent payments towards a loaned balance in a predetermined time frame. This note is unsecured, which means the lender does not receive security if the borrower enters into default and cannot recover. The lender should exercise extra caution before lending money by only lending to family and friends and those with reputable credit.

How to Write

Step 1 – At the top of the template, enter the current date followed by the the names and addresses of the borrower and lender. Then, enter the full balance of the note and the interest rate.

Step 2 – Head to the first (1) section and select the payment method that the borrower will follow through the duration of the agreement. If you chose an installment-using method, check the box next to either weekly or monthly payments and enter the date of the first payment.

Step 3 – For the second (2) section, enter the date that the entire balance must be paid by.

Step 4 – Next, go to the third (3) section and enter the amount of interest that goes into effect if the borrower defaults on the note.

Step 5 – In the sixth (6) and seventh (7) sections, begin by entering the number of days that need to pass after a payment due date before the lender can issue a late fee. Enter the cost of a late fee in the second empty text box. For the seventh (7) section, enter the time frame that must pass after a default until the lender can issue acceleration.

Step 6 – Finally, enter all the following information to put the agreement into full legal effect:

  • Current Date (Day, Month, and Year)
  • Lender’s Printed and Signed Name
  • Borrower’s Printed and Signed Name
  • Witness’ Printed and Signed Names