Arizona Promissory Notes
Create a legally compliant Arizona promissory note that complies with state usury limits and includes all required provisions. Choose the note type that fits your lending situation, fill out the guided form, and download your professional PDF for $7.99.
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Secured Promissory Note
For loans backed by collateral such as a vehicle, property, or equipment. The lender can seize the collateral if the borrower defaults.
Complies with Arizona usury limits (no statutory cap). Includes collateral description and default remedies.
Create Secured Promissory NoteUnsecured Promissory Note
For loans based solely on the borrower's promise to pay, with no collateral pledged. Common for personal and family loans.
Arizona statute of limitations: 6 years. Max interest rate: No statutory cap.
Create Unsecured Promissory NoteInstallment Promissory Note
For loans repaid in fixed periodic payments over a set term. Includes a detailed payment schedule with amounts and due dates.
Includes amortization-ready payment terms compliant with Arizona usury law (no statutory cap).
Create Installment Promissory NoteDemand Promissory Note
Payable in full when the lender demands repayment. No fixed schedule or maturity date. Common for informal arrangements.
Payable on demand under Arizona law. Includes usury savings clause and default provisions.
Create Demand Promissory NoteArizona Usury Law and Note Requirements
Verified against official Arizona usury statutes and Arizona Superior Courts guidance. Last reviewed May 2026. How we verify our legal data.
An Arizona promissory note benefits from one of the most permissive interest regimes in the country: Arizona has no statutory usury cap on private loans, so the parties may agree in writing to whatever rate they choose. A rate that is not set in writing falls back to Arizona's legal rate.
Because there is no cap, the agreed rate should be written clearly into the note to be enforceable. The statute of limitations to sue on a written note in Arizona is six years. Our documents include a usury savings clause and capture the principal, rate, and repayment terms a court looks for.
Frequently Asked Questions
What is the maximum interest rate for a promissory note in Arizona?
Arizona does not have a statutory usury cap for most private lending transactions. Our documents include a usury savings clause for additional protection.
Does a promissory note need to be notarized in Arizona?
Notarization is not legally required in Arizona, but it is strongly recommended. A notarized note is easier to enforce in court and helps verify the identities of all parties. While not required, having 1 witness is recommended.
How much does a Arizona promissory note cost?
Each promissory note costs $7.99. Choose your note type, fill in your details through our guided form, and download your completed, Arizona-compliant PDF instantly. Re-download available for 5 days.
What is the maximum interest rate for a promissory note in Arizona?
Arizona does not impose a general usury cap on written contracts between private parties - parties may agree to any interest rate in a written promissory note (A.R.S. §44-1201). If no rate is specified, 10% per year applies as the default. Courts may still void provisions that are unconscionable. Arizona's 6-year statute of limitations applies to written contracts including promissory notes. Arizona is one of the more lender-friendly states regarding interest rate flexibility.
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