Indiana Promissory Notes

Create a legally compliant Indiana 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 Indiana usury limits (max 21%). 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.

Indiana statute of limitations: 10 years. Max interest rate: 21%.

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 Indiana usury law (21% 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 Indiana law. Includes usury savings clause and default provisions.

Create Demand Promissory Note

Indiana Usury Law and Note Requirements

Max Interest Rate 21%

Rate Description 21% under UCCC

Default Rate 8%

Penalty for Exceeding Usury Limit UCCC remedies only

Statute of Limitations 10 years

Notarization Required Not required (recommended)

Witness Required Not required

Governing Agency Indiana Circuit Courts

Indiana usury law is governed by Indiana Circuit Courts. The maximum allowable interest rate is 21% (21% under UCCC). Penalties for exceeding the usury limit include: UCCC remedies only. The statute of limitations for enforcing a promissory note in Indiana is 10 years. Notarization is not required but recommended. Our documents are designed to comply with Indiana law and include all required provisions.

Create Your Indiana Promissory Note

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

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