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Download this Hawaii Promissory Note Form in order to set forth terms for a loan of money from one person to another over a period of time.  The parties can choose whether they want to secure the loan with collateral or not.  The parties can choose whether the loan will be paid with one lump sum or on a payment plan.


The legal rate of interest in Hawaii when not otherwise specified is 10% per year.  For consumer or home business loans, the rate may not exceed 12% per year.  Hawaii law goes on to state, “With respect to any transaction other than a consumer credit transaction, a home business loan, or a credit card agreement, it shall be lawful to stipulate by written contract for any rate of interest not otherwise prohibited by law.” H.R.S. Title 26 Section 478-4