DOWNLOAD this Louisiana Promissory Note Form for documenting a loan transaction between two people in Louisiana. One party borrows money from another for an agreed upon period of time. The parties may agree upon the interest rate that will be charged during the term of the loan. The parties to the agreement may also decide whether or not they want to agree that property will be pledged to secure the agreement. The Borrower may either pay in installments or in one lump sum.
The amount of the conventional interest in Louisiana cannot exceed twelve percent per annum. La. Rev. Stat. Ann. § 9:3500