Ohio Promissory Notes
Create a legally compliant Ohio 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 Ohio 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.
Ohio statute of limitations: 8 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 Ohio 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 Ohio law. Includes usury savings clause and default provisions.
Create Demand Promissory NoteOhio Usury Law and Note Requirements
Ohio usury law is governed by Ohio Common Pleas Courts. The maximum allowable interest rate is 8% (8% maximum). Penalties for exceeding the usury limit include: Borrower can recover double the excess interest. The statute of limitations for enforcing a promissory note in Ohio is 8 years. Notarization is not required but recommended. Our documents are designed to comply with Ohio law and include all required provisions.
Frequently Asked Questions
What is the maximum interest rate for a promissory note in Ohio?
Ohio caps the maximum interest rate at 8% (8% maximum). Exceeding this limit may result in penalties: Borrower can recover double the excess interest. Our documents include a usury savings clause for additional protection.
Does a promissory note need to be notarized in Ohio?
Notarization is not legally required in Ohio, 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 Ohio 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, Ohio-compliant PDF instantly. Re-download available for 5 days.
What interest rate can I charge on a private promissory note in Ohio?
Ohio caps interest on written contracts at 8% per year unless a higher rate is agreed to in writing (Ohio Revised Code §1343.01). When a rate is agreed to in writing, there is no strict statutory maximum for commercial loans - courts apply a reasonableness standard. Consumer loans have additional protections under the Ohio Consumer Sales Practices Act. Ohio's 6-year statute of limitations applies to written promissory notes.
Create Your Ohio Promissory Note
Usury-compliant, professionally formatted, and ready to sign. Download your PDF instantly for $7.99.
Get Started