DOWNLOAD this Kansas Promissory Note Form to establish an agreement between two people for the lending of money. The lender lends funds to the borrower for an agreed upon period of time and at an agreed upon interest rate. The lender and borrower can also agree on whether or not the loan shall be secured. This form also allows the borrower and lender to agree on how the loan will be repaid.
Kansas statutes specify that the legal rate of interest is 10% per annum unless otherwise agreed to in writing. The maximum rate allowed is 15% per annum. Kansas Statutes Chapter 16-207