Promissory Note in New Hampshire

A written promise to repay a personal loan, with the amount, interest and payment schedule. States limit how much interest a lender can charge; check your state's rules below before you set the rate.

What New Hampshire law says

Maximum interest rate (usury limit)	In business transactions, interest is 10% a year unless the parties agree otherwise in writing; this default does not apply to consumer credit transactions as defined in RSA 358-K:1, V. RSA chapter 336 (Interest) sets no maximum rate. Judgment interest is set yearly by the state treasurer. Reviewed RSA chapter 336 on 2026-10-28; no maximum rate found there. Source: RSA 336:1, 336:2 (chapter 336 reviewed)
Time limit to sue on a written contract	3 years for personal actions, including suits on written or oral contracts. Contracts under seal have 20 years. RSA 508:5: https://gc.nh.gov/rsa/html/LII/508/508-5.htm Source: RSA 508:4, I; RSA 508:5

Maximum interest rate (usury limit)

In business transactions, interest is 10% a year unless the parties agree otherwise in writing; this default does not apply to consumer credit transactions as defined in RSA 358-K:1, V. RSA chapter 336 (Interest) sets no maximum rate. Judgment interest is set yearly by the state treasurer.

Reviewed RSA chapter 336 on 2026-10-28; no maximum rate found there.

Source: RSA 336:1, 336:2 (chapter 336 reviewed)

Time limit to sue on a written contract

3 years for personal actions, including suits on written or oral contracts. Contracts under seal have 20 years.

RSA 508:5: https://gc.nh.gov/rsa/html/LII/508/508-5.htm

Source: RSA 508:4, I; RSA 508:5

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PROMISSORY NOTE

Amount: $[principal amount] Date: [date] Place: [city, state]

For value received, [borrower name], of [borrower address] ("Borrower"), promises to pay [lender name], of [lender address] ("Lender"), the sum of $[principal amount], with interest at [rate]% per year.

Payments: [e.g. $[amount] per month starting [date] until paid in full / one payment of the full amount on [due date]].

Late payment: [late fee or 'none']. Prepayment: Borrower may prepay all or part at any time without penalty.

If Borrower misses a payment for [number] days, Lender may [declare the full balance due].

Borrower signature: ____________________ Date: [date]

[Co-signer signature, if any] [Notary acknowledgment, if you choose to use one]

Promissory Note for other states · New Hampshire tenant rights

General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.