Missouri Promissory Notes
Create a legally compliant Missouri 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 Missouri usury limits (max 10%). 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.
Missouri statute of limitations: 10 years. Max interest rate: 10%.
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 Missouri usury law (10% 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 Missouri law. Includes usury savings clause and default provisions.
Create Demand Promissory NoteMissouri Usury Law and Note Requirements
Missouri usury law is governed by Missouri Circuit Courts. The maximum allowable interest rate is 10% (10% maximum). Penalties for exceeding the usury limit include: Forfeiture of all interest; double penalty if willful. The statute of limitations for enforcing a promissory note in Missouri is 10 years. Notarization is not required but recommended. Our documents are designed to comply with Missouri law and include all required provisions.
Frequently Asked Questions
What is the maximum interest rate for a promissory note in Missouri?
Missouri caps the maximum interest rate at 10% (10% maximum). Exceeding this limit may result in penalties: Forfeiture of all interest; double penalty if willful. Our documents include a usury savings clause for additional protection.
Does a promissory note need to be notarized in Missouri?
Notarization is not legally required in Missouri, 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 Missouri 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, Missouri-compliant PDF instantly. Re-download available for 5 days.
What interest rate is legal for a Missouri promissory note?
Missouri allows private parties to agree to any interest rate in a written contract - there is no general usury cap for written agreements between adults (Mo. Rev. Stat. §408.020). If no rate is specified, 9% per year applies as the default. Consumer loans are subject to specific licensing requirements and rate limits under Missouri's consumer lending laws. Missouri's 5-year statute of limitations applies to written promissory notes. Criminal usury charges can apply for unconscionable rates.
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