Arkansas Promissory Notes

Create a legally compliant Arkansas 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.

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 Arkansas usury limits (max 17%). Includes collateral description and default remedies.

Create Secured Promissory Note

Unsecured Promissory Note

For loans based solely on the borrower's promise to pay, with no collateral pledged. Common for personal and family loans.

Arkansas statute of limitations: 5 years. Max interest rate: 17%.

Create Unsecured Promissory Note

Installment 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 Arkansas usury law (17% max rate).

Create Installment Promissory Note

Demand Promissory Note

Payable in full when the lender demands repayment. No fixed schedule or maturity date. Common for informal arrangements.

Payable on demand under Arkansas law. Includes usury savings clause and default provisions.

Create Demand Promissory Note

Arkansas Usury Law and Note Requirements

Max Interest Rate 17%

Rate Description 17% maximum

Penalty for Exceeding Usury Limit Entire debt may be voided; criminal penalties possible

Statute of Limitations 5 years

Notarization Required Not required (recommended)

Witness Required Not required

Governing Agency Arkansas Circuit Courts

Arkansas usury law is governed by Arkansas Circuit Courts. The maximum allowable interest rate is 17% (17% maximum). Penalties for exceeding the usury limit include: Entire debt may be voided; criminal penalties possible. The statute of limitations for enforcing a promissory note in Arkansas is 5 years. Notarization is not required but recommended. Our documents are designed to comply with Arkansas law and include all required provisions.

Frequently Asked Questions

What is the maximum interest rate for a promissory note in Arkansas?

Arkansas caps the maximum interest rate at 17% (17% maximum). Exceeding this limit may result in penalties: Entire debt may be voided; criminal penalties possible. Our documents include a usury savings clause for additional protection.

Does a promissory note need to be notarized in Arkansas?

Notarization is not legally required in Arkansas, 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 Arkansas 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, Arkansas-compliant PDF instantly. Re-download available for 5 days.

Create Your Arkansas Promissory Note

Usury-compliant, professionally formatted, and ready to sign. Download your PDF instantly for $7.99.

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