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Download the Indiana Promissory Note Form in order to document a lending agreement between parties in Indiana.  The parties may specify whether or not the loan should be secured or unsecured.  The parties may specify how the borrower will pay back the loan and the parties may specify how long the term of the loan will be.

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The legal rate of interest in Indiana is as follows: “When the parties do not agree on the rate, interest on loans or forbearances of money, goods or things in action shall be at the rate of eight percent (8%) per annum until payment of judgment.”  IC 24-4.6-1-102

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