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South Carolina Unsecured Promissory Note Template

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The South Carolina unsecured promissory note organizes and clarifies the major details of a money lending transaction between two parties (consisting of a lender and borrower). This template does not include a section in which security can be stated; to help protect the lender financially, the lender should only lend to family, friends, or individuals will a strong credit score.

How to Write

Before heading to the first section, enter the current date (day, month, and year), the names and addresses of the borrower and the lender, the balance of the note, and the interest rate for the note.

Step 1 – Select the payment method that the borrower will be required to follow until the balance has been paid off. Put a checkmark next to either weekly or monthly payments and enter the day of the first payment on the bottom of the first section.

Step 2 – Enter the final due date in the second (2) section. Due on this date is the remaining balance, any accumulated late fees, and any accrued interest.

Step 3 – For the third (3) section, enter the interest rate that the borrower will be required to pay if he or she misses a payment by more than fifteen days or enters into default.

Step 4 – In the sixth (6) and seventh (7) sections, begin by entering information regarding late fees into the two empty text boxes. Then, enter the time span that must pass after a default has occurred before the lender can issue an acceleration. Acceleration requires all outstanding debt to be paid immediately by the borrower.

Step 5 – Head to the last page of the template and enter the following information:

  • Current Date
  • Lender’s Printed Name and Signature
  • Borrower’s Printed Name and Signature
  • Printed Names and Signatures of the Witness

Once the signatures have been recorded, the note will go into full effect, and the borrower will be responsible for making timely payments to the lender.


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