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What documents should be prepared if I want to lend money to a friend


25-Nov-2023 (In Documentation Law)

i want to give 80000 rupee to my friend as he want the money for giving college fees. so i want a legal aggrement and i want to know some rule about this and process to do this. what document i have to made for this as i can take refund from him in a legal process without risk. help me...

Answers (1)

Answer #1
454 votes

You can execute an lender borrower agreement wherein you can stipulate the amount which you are lending your friend and also specify the period for payment of said loan amount

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