A Georgia promissory note is a written promise to repay a loan, signed by the borrower and made out to the lender. This Georgia promissory note template records the amount borrowed, the interest rate and the payment dates. Fill it out online or download the PDF.
Last Updated: October 2026. This guide is reviewed and updated regularly to reflect current Georgia law. If you notice an error or outdated information, please contact us.
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Every promissory note names the borrower and the lender, the sum lent, the interest rate and the due date. This holds for a promissory note for personal loans as well. Notes come in two types, and the Georgia template lets you pick either one.
Apart from the collateral lines, both types use the same details.
Georgia's usury law, O.C.G.A. § 7-4-2, sets the interest on a loan. Where a written contract does not establish the rate, the legal rate of interest is 7 percent per year, simple interest. On a loan of $3,000 or less, the rate cannot exceed 16 percent per year, simple interest.[1.1][1.2]
Where the principal amount involved is $3,000.00 or less, such rate shall not exceed 16 percent per annum simple interest on any loan, advance, or forbearance to enforce the collection of any sum of money
In plain words, a lender cannot charge more than 16 percent a year on a loan of this size. The cap does not apply to a loan made under another law, which follows its own rate rule.[1.1]
Other rules in the same section affect a promissory note:
A lender who charges too much loses all the interest. A person who violates O.C.G.A. § 7-4-2 must forfeit the entire interest charged, taken, or contracted for. No further penalty or forfeiture is allowed.[1.3]
| Document Name | Georgia Promissory Note Form |
| Other Name | GA Promissory Note |
| Interest Rate | 7% per year simple interest if no written contract sets a rate Up to 16% per year simple interest on loans of $3,000 or less |
| Relevant Laws | Georgia Code, Section 7-4-2 |
| Avg. Time to Fill Out | 10 minutes |
| # of Fillable Fields | 28 |
| Available Formats | Adobe PDF |
Popular Local Promissory Note Forms
A promissory note (sometimes called just note) is considered a useful lending tool used regularly by both individuals and businesses throughout all states as a funds source and an alternative to banks. Find out more about the most popular states searched by our website users when it comes to promissory notes.
The Georgia promissory note template is a three-page PDF with 28 fillable fields. The steps below follow the form's own parts, from the top of page 1 to the signature blocks on page 3.
Fill it in on screen with the online PDF editor or print it and write by hand.
The screenshots under each step show the FormsPal Georgia promissory note template filled with sample entries in blue, so you can see where each answer goes. The names, addresses, dates and amounts are examples only.
Questions about a Georgia promissory note usually come down to the interest rate, the size of the loan, and the way the document is filled out. The answers below cover the legal rate, the cap on small loans, what a lender risks by charging too much, and how to use the template.
On a loan of $3,000 or less, a 30 percent rate is above the legal limit. Georgia caps the rate on a loan of that size at 16 percent per year, simple interest.[1.2]
Not on a loan of $3,000 or less. The rate cannot exceed 16 percent per year, simple interest, on a loan of that size, and 35.93 percent is well above it.[1.2]
For a loan with a principal amount of $3,000 or less, Georgia law sets the highest rate at 16 percent per year, simple interest.[1.2]
The legal rate of interest is 7 percent per year, simple interest, where a written contract does not establish the rate.[1.1] A loan of $3,000 or less cannot carry more than 16 percent per year.[1.2]
On a loan of $3,000 or less, the maximum is 16 percent per year, simple interest. The cap covers any loan, advance, or forbearance to enforce the collection of any sum of money, unless the loan is made under another law.[1.2]
State usury law sets whether the interest a note may charge is capped, and at what rate. In Georgia, O.C.G.A. § 7-4-2 sets these limits:
General information, not legal or tax advice.
Other Promissory Note Forms by State
The rules on this page come from the Georgia usury statute, O.C.G.A. §§ 7-4-2 to 7-4-10(a). Each bracketed number in the text points to the section listed below, so you can check the wording yourself.
