MagicKit.ai

Promissory Note Generator

Generate a free promissory note for personal loans. Create a legally-formatted IOU document with payment terms and conditions.

How to Generate a Promissory Note

  1. 1 Enter lender and borrower information
  2. 2 Set the loan amount and interest rate
  3. 3 Choose payment terms (lump sum or installments)
  4. 4 Add collateral and late payment terms if applicable
  5. 5 Generate and download the promissory note

🔒 Instant results, faster than AI. No signup. 100% private.

Last updated: January 15, 2026 · v2.1