DOWNLOAD this Maine Promissory Note Form representing an agreement between two parties for the loaning and the repaying of money over a period of time agreed upon by the parties. A party agrees to borrow at a specified rate of interest an amount of money from a lender to be paid back either in regular installments during the term or as a lump sum at the end of the term. The parties can also decide whether the loan will be secured by collateral or not.
The legal interest rate in Maine is 6% per annum unless otherwise agreed to in writing. Me. Rev. Stat. tit. 9-B, § 432