Two plans. One ledger.
Every plan includes the note, the signatures, the schedule and the record.
Free
$0.00
No card required.
Up to 2 open loans. Promissory notes, e-signature, schedules and manual payment tracking.
Standard
$12.00per month
or $120.00 per year
Unlimited open loans, payment reminders, bank debit collection, payoff statements and document uploads.
What is included
The same ledger on both plans. Standard adds the servicing tools.
| Feature | Free | Standard |
|---|---|---|
| Open loans | Up to 2 | Unlimited |
| Promissory notes and e-signature | Included | Included |
| Amortization schedules and ledger | Included | Included |
| Manual payment tracking | Included | Included |
| Payment reminders by email | Not included | Included |
| Bank debit (ACH) collection | Not included | Included |
| Payoff statements | Not included | Included |
| Upload supporting documents | Not included | Included |
An open loan is one that is not yet paid or cancelled. The limit applies per account, whether you are the lender or the borrower.
Plain answers
What NoteHouse is, and what it is not.
- Is NoteHouse a lender?
No. The people using NoteHouse lend to each other. NoteHouse documents and services the loan between them and is not a party to it.
- Does NoteHouse hold the money?
No. Funds move directly between the lender and the borrower. When bank debit is turned on, the payment is pulled from the borrower’s account and deposited to the lender’s by a payment processor; NoteHouse never has custody of it.
- Is the note a legal document?
The note NoteHouse generates is a template completed with your terms. It becomes your agreement when both parties adopt it by signing. NoteHouse does not give legal advice and cannot tell you whether the terms suit your situation.
- Should we involve a lawyer?
For a large loan, a loan secured by property, a loan to or from a business, or anything with unusual terms, yes. A short review by counsel is inexpensive next to the amounts involved.
- Is there a limit on the interest rate?
Most states cap the interest a private lender may charge, and the caps vary widely. NoteHouse does not enforce these limits. Check the usury rules for the governing state before you set a rate.
- What about taxes?
Interest received is generally taxable income, and loans between family members at very low or zero interest can have tax consequences of their own. NoteHouse does not give tax advice. The ledger gives you the figures; an accountant can tell you what they mean.
- Can I cancel?
Yes, at any time. Your account returns to the Free plan at the end of the billing period. Loans beyond the Free limit stay readable and continue to be serviced, but you cannot open new ones until you are under the limit or subscribe again.
Begin on the Free plan.
Upgrade when you need reminders, bank debit or a payoff statement. Nothing about the record changes.