A Kansas promissory note is a written promise to repay borrowed money. The borrower and the lender sign it, and it sets the amount, the interest rate and the payment dates. Kansas limits the interest a note may charge to 15% per annum.[1] Fill out the free Kansas promissory note template below online, or download the PDF.
Last Updated: October 2026. This guide is reviewed and updated regularly to reflect current Kansas law. If you notice an error or outdated information, please contact us.
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The person who lends the money is the lender, also called the creditor. The person who receives it is the borrower, also called the debtor.
A promissory note is either secured or unsecured.
Both types use the same structure and ask for the same information, apart from the collateral in a secured note. Keep the signed note until the loan is paid in full, since it is your record of what was agreed.
Kansas limits the interest a promissory note may charge to 15% per annum, unless another law specifically authorizes a different rate. The limit comes from Kan. Stat. Ann. § 16-207, which covers any note or other written instrument for the payment or forbearance of money. The same section sets the penalty for charging too much.[1]
The parties to any bond, bill, promissory note or other instrument of writing for the payment or forbearance of money may stipulate therein for interest receivable upon the amount of such bond, bill, note or other instrument of writing, at a rate not to exceed 15% per annum unless otherwise specifically authorized by law.
In plain words, the borrower and the lender may agree on the interest in the note, as long as the rate stays at or below 15% per annum. Write the agreed rate on the interest line of the form.
A note that names no rate follows a different rule. Under Section 16-201, when no other rate of interest is agreed upon, a creditor may receive interest at 10% per annum on money after it becomes due. That 10% is the legal rate for a note without an agreed rate, not the 15% ceiling above.[2]
A lender who contracts for a higher rate than Section 16-207 allows faces these consequences:
Before you agree on an interest rate, check it against the 15% per annum limit. A rate above it costs the lender the excess interest and more.
Section 16-207 also limits when a lender may charge a penalty for paying a loan off early. The rule covers a home loan evidenced by a note secured by a real estate mortgage.
No penalty shall be assessed against any party for prepayment of any home loan evidenced by a note secured by a real estate mortgage where such prepayment is made more than six months after execution of such note.
In plain words, a lender cannot charge a prepayment penalty on a mortgage-secured home loan when the borrower pays it off more than six months after the note was signed.[1]
Section 16-207 uses the term "business or agricultural transaction." In that section, the term means a loan. A loan here includes a note secured by a contract for deed to real estate and a credit sale. It must be made primarily for purposes other than personal, family or household purposes.[1] If your loan is for a business or a farm, read the section before you set the interest rate.
| Document Name | Kansas Promissory Note Form |
| Other Name | KS Promissory Note |
| Max. Rate | 15% per annum, unless otherwise specifically authorized by law[1] |
| Relevant Laws | Kan. Stat. Ann. § 16-207 |
| Avg. Time to Fill Out | 10 minutes |
| # of Fillable Fields | 28 |
| Available Formats | Adobe PDF |
Popular Local Promissory Note Forms
Whenever lending or borrowing money, consider creating a promissory note. It is a simple legally binding document widely used by businesses and individuals in many states. Listed here are the state-level promissory note templates our visitors read about most often.
The Kansas promissory note template is a fillable PDF for a loan between one borrower and one lender. It has fields for the loan terms, the interest rate, the repayment schedule and the signatures. You can complete it on screen, print it and keep a copy for your records.
Before you start, agree the loan amount, the interest rate, the due day and the maturity date with the other party. Then print two copies of the signed note, so the borrower and the lender each keep one.
The Kansas promissory note PDF has 28 fillable fields across three form pages. Work through it in order, from the date and principal amount to the two signatures. The six steps below follow the form, and each one shows a Kansas promissory note example filled in with sample entries.
The screenshots under each step show the FormsPal Kansas 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.
You can fill in the downloaded PDF in our online PDF editor. For a general overview of the document and a template for every state, see our standard promissory note form.
These questions cover the interest limit, the penalty for charging too much and the other rules that apply to a Kansas promissory note. Each answer comes from Kan. Stat. Ann. § 16-207, the section listed under Sources below.
Yes. The parties to a promissory note may stipulate interest at a rate not to exceed 15% per annum, unless another law specifically authorizes a different rate.[1]
The maximum rate a Kansas note may stipulate is 15% per annum, unless otherwise specifically authorized by law. A lender who contracts for a greater rate forfeits the interest above the amount the section authorizes.[1]
A 30% rate is twice the 15% per annum that Section 16-207 allows a note to stipulate, unless another law specifically authorizes it. A lender who contracts for the higher rate forfeits all interest above the authorized amount, and the borrower also recovers a reasonable attorney fee.[1]
For a Kansas promissory note, Section 16-207 sets these rules:
Other Promissory Note Forms by State
General information, not legal or tax advice.
