» » Virginia Promissory Note Templates

Virginia Promissory Note Templates

Create a high quality document online now!

The Virginia promissory note templates are signed promises requiring the borrower of a monetary balance to reimburse a lender in a timely and structured fashion. The notes include many sections covering areas that include late fees, payment types, interest rates, and many other important areas.


Secured Promissory Note – Includes security, which provides the lender with a layer of protection if the borrower defaults on the balance. In the template, the borrower will be required to enter an item such as a home, vehicle, or boat that will help cover the remaining unpaid balance if the borrower cannot recover from the default.

Unsecured Promissory Note – Does not include security, leaving the lender at an increased risk for losing the loaned balance. Lender’s should take their time in selecting a borrower by only lending to family, friends, and/or those with strong credit.

Usury Rate

The legal rate of interest in Virginia if not otherwise written in an agreement is 6% and the maximum rate is 12%. VA ST § 6.2-303

How to Write –

Step 1 – Download the Virginia note document –

  • The start date of the document in dd/m/yy format
  • Borrower’s name
  • Mailing address
  • AND
  • Lender’s name
  • Mailing address
  • AND
  • Enter the sum of the principal on the note agreement
  • Specify the unpaid amount of the annual percentage rate

Step 2 – Payments –

  • Submit the balance of the note to be satisfied by the due date
  • Include the amount of accrued interest and late fees

Installments –

Payment method – Enter the final date for the note to be paid – in dd/m/yy format

  • The full amount to be paid in full when the note is due
  • The amount of the principal
  • Choose the best payment frequency and check the box
  • Submit the amount that shall be required of the borrower for late fees

Step 3 –  Security-

  • Check “Secured”or “Unsecured”
  • If the requirement is that the note shall be a“secured,” agreement, provide a description of the property

Step 4 – Titled Sections and Subsections –

  • Interest due in the Event of Default
  • Allocation of Payments
  • Prepayment
  • Acceleration (and 6A.)
  • Attorney’s Fees and Costs
  • Waiver of Presentments
  • Non-Waiver
  • Severability
  • Integration
  • Conflicting Terms
  • Notice
  • Co-Signer – Name of the co-signer
  • Execution
  • Governing Law – (Virginia State Laws)

Step 5 – Signatures – Submit signatures before a witness, as follows:

  • Lender’s signature
  • Date of signature – in mm/dd/yyyy format
  • Printed name
  • AND
  • Borrower’s signature
  • Date of signature – mm/dd/yyyy
  • Printed name
  • AND
  • Co-signer  signature
  • Date signature  – in dd/mm/yyyy format
  • Printed name
  • AND
  • Witness’ signature
  • Date of witness’ signature in mm/dd/yyyy format
  • Printed name

Related pages

motorcycle rental agreementohio llc formationutah quit claim deed formutah temporary registrationnotice of eviction letter templatemaryland business name availabilityalabama deedstemplate invoice wordeviction letter templateva form 10 5345atowing invoicelandlord lease termination letter to tenant sampleletter to terminate apartment leasewashington state quit claim deed formpnc bank address for direct depositfree short term tenancy agreement formcar form lra revised 4 11 fillablecollege roommate agreement formcommercial property lease agreement free templateiou formsstandard promissory notequit claim deed kentuckypower of attorney wvtexas 3 day notice to vacate formquitclaim deed samplerelease of lien form texasnavy federal routing number wava dept motor vehiclestemplate notice to vacateprintable contractor invoicerental agreement for roommateboat registration gaintuit payroll formsunited healthcare community plan prior authorizationjdf formrescind power of attorney formunlawful detainer utahlandlord 60 day notice to vacate sample letterconsent to background check form tenantfree lease agreements templatesminnesota deedpoa letter samplepromissory note sample formadvance directive form marylandfree printable non compete agreementihss direct depositpoa formsrent increase agreement templatebank of america direct deposit form pdfrent invoice formcolorado poamaine probate court forms30 day notice to vacate landlord to tenant templatenh dra formssample of revocation of power of attorney3 day notice to pay or quit california formwisconsin evictioncapital one routing number nycsample of promissory note for lending moneybernalillo county document searchequipment invoice templateprintable 30 day eviction noticequit claim deed form njblank invoice sheetcapital one md routing numbersample lease agreement for office spacesc dmv title searchpennsylvania docketing statementalabama advance directive for health careflorida realtors leasegeneric lease templateiowa uniform residential landlord and tenant actohio boating licensesample termination of lease letter60 day notice of intent to vacatesmall estate affidavit indianasample personal loan agreement template