Pennsylvania Unsecured Promissory Note Template

Pennsylvania Unsecured Promissory Note Template

Last updated February 15th, 2022

  1. Home »
  2. Loan Agreement »
  3. Promissory Note »
  4. Pennsylvania »
  5. Unsecured

Pennsylvania unsecured promissory note allows an individual to borrow funds from another person or entity without securing the transaction with collateral. This agreement is less rigid than a standard loan agreement and more formal than an “IOU.” Many lenders will be hesitant to grant a loan without collateral pledged by the borrower and may prefer to use the secured promissory note or require a co-signer in order to reduce their financial risk.

Related Forms

Secured Promissory Note – A moneylender uses this type of loan agreement when they require collateral as security.

Download: PDFWord (.docx)OpenDocument