Georgia Promissory Notes
Create a legally compliant Georgia 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 Georgia usury limits (max 8%). 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.
Georgia statute of limitations: 6 years. Max interest rate: 8%.
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 Georgia usury law (8% max rate).
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 Georgia law. Includes usury savings clause and default provisions.
Create Demand Promissory NoteGeorgia Usury Law and Note Requirements
Georgia usury law is governed by Georgia Superior Courts. The maximum allowable interest rate is 8% (7-8% for personal loans). Penalties for exceeding the usury limit include: Forfeiture of all interest. The statute of limitations for enforcing a promissory note in Georgia is 6 years. Notarization is not required but recommended. Our documents are designed to comply with Georgia law and include all required provisions.
Frequently Asked Questions
What is the maximum interest rate for a promissory note in Georgia?
Georgia caps the maximum interest rate at 8% (7-8% for personal loans). Exceeding this limit may result in penalties: Forfeiture of all interest. If no rate is specified, the default legal rate is 5%. Our documents include a usury savings clause for additional protection.
Does a promissory note need to be notarized in Georgia?
Notarization is not legally required in Georgia, 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 Georgia 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, Georgia-compliant PDF instantly. Re-download available for 5 days.
What is Georgia's usury cap for private promissory notes?
Georgia caps interest on written contracts at 16% per year for loans not regulated by other statutes (O.C.G.A. §7-4-2). For loans between $3,000 and $250,000, the limit is the greater of 5% above the Federal Reserve discount rate or 16%. Usury in Georgia can result in forfeiture of all interest charged. Georgia has a 6-year statute of limitations for written contracts. Licensed lenders and certain business loans operate under separate rules.
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