DOWNLOAD this Georgia Promissory Note Form in order to document a loan of money between two people in Georgia for a specified period of time. The form allows for either a secured or unsecured transaction as well as offering a choice of payment options.
Georgia law states that the legal rate of interest when not specified is 7% per annum simple interest. For amounts between $3,000 and $250,000, the parties may agree to a rate provided that it is not greater than 5% per month. For amounts less than $3,000, the interest rate may not exceed 16% per annum simple interest. GA ST T. 7, Ch. 4, Sec. 7-4-2 and 7-4-18.