HI · PROM-NOTE · Updated July 2026 · Free

Hawaii Promissory Note PDF

Not Attorney-ReviewedAuthor: Arjun AnnamalaiMethodology: Statutory Verification

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Hawaii at a glance: Usury Limit: 10% per year · Governing Law: Haw. Rev. Stat. § 478-2

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Overview

Promissory Notes in Hawaii

Hawaii usury laws restrict interest to a maximum of 10% per year for personal or consumer loans, unless a written agreement states otherwise.
Key Facts

Hawaii Promissory Note — Quick Reference

RequirementHawaii Rule
Usury Limit10% per year
Governing LawHaw. Rev. Stat. § 478-2
Legal Requirements

Hawaii Legal Requirements

  • Consumer loans must stay below the 10% statutory limit.
Governing Laws

Hawaii Governing Laws

Haw. Rev. Stat. § 478-2
Interest Rates
Establishes the maximum interest rate of 10% on written loans.

Read the full text of these laws at Cornell Law School's Hawaii legal resources or your state legislature's official website.

Questions & Answers

Hawaii Promissory Note — Frequently Asked Questions

What is the usury cap in Hawaii?

The cap is 10% per year for personal loans.