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The friend is very close to me. How do I give her loan objectively
13-Sep-2024 (In Recovery Law)
How can i give loan to my friend and ensure that the interest is paid on time without any conflict.I have limited property. I want to help but not at the cost of my own security at stake
Get a formal agreement into force before lending money and clarify the mode of payments conditions of defaults in order to effectively secure your lender amount. You can further enhance your security by taking a interest free security cheque
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Adv. Sahil Bhardwaj
Gurgaon / Gurugram | 25+ Answers
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you can draft a agreement with the help of a lawyer and get it notarized from the notary and also you should also take 2 blank cheque from your friend so that your money loaned would be safe and includes all necessary terms and conditions
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Adv. Vinay Redhu
Delhi | 200+ Answers
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