I lent to my friend a year ago 3 Lakhs, did not sign an agreement, he is ready to sign a contract now, it is advisable to have an appendix in the agreement that gives details on the amount of the loan in the past (1 year back). The amount of the loan was by esaming the credit card in several months for small amounts up to 10K love srinivas, yes, you can move forward! I think a credit contract is a better option. You are kind enough to take the help of a civil lawyer! In general, a loan agreement is more formal and less flexible than a change of sola or an IOU. This agreement is generally used for more complex payment agreements and often provides the lender with increased protection, for example. B borrower representatives, guarantees and borrower alliances. In addition, a lender can normally speed up the credit in the event of a default, which means that the lender can make the total amount of the loan, plus interest due and immediately, if the borrower misses a payment or goes bankrupt. Relying only on a verbal promise is often a recipe for a person who gets the short end of the stick. If the repayment terms are complicated, a written agreement allows both parties to clearly define all the terms of payment and the exact amount of interest due. If a party does not respect its side of the agreement, the written agreement has the added benefit that both parties understand the consequences. I paid a certain amount to one of the immigration companies to find a job abroad, but it takes too long, and I just wanted to be on the safer side by entering into a written agreement. Then ask me to look at the same thing. hello Sreekant, I would give a small loan to foreigners on interest, I can do so, if so, is your legal requirement is to be fulfilled to provide such a loan.
What is the best option for me, whether in a) change of sola, or b) loan contract. More like pratyush. Does he agree (the man) to keep the property in his name? Is he ready for a loan deal? I think they can make a normal ”credit contract” that mentions all possible terms and conditions according to their requirements. Dear Sarfaraz, While closing the loan, your banker could ask for the source of funds, so it is better to have made a credit contract between the two parties (even and your friend). dear sreekanth. Thank you for the useful information. I have a question. I have an agreement with my sister for a real estate bill, that she will pay me 70 lakhs, and we will make a deal. You and I live in India, but we are Indian citizens. you can suggest if we can still make the promisory note and let it be notarized in our country. Is it better for a loan contract or a change of sola? Obligations in its very urgent for payments will be called the right to accomplish the same thing you want from cash in The Tamil translations of this dear sayeed loan.
You can tell her clearly that you are withdrawing this money, which is for the sister`s wedding expenses, and you want the promised Note to be written. If it`s good, you can transfer that money to your father`s a/c and have him write the note on behalf of your father. You can ask your father to transfer the money via NEFT/Cheque (no cash). Separate agreement is forced to make loan contracts for a own interest rate, and if choosing the costs among the funds and getting the loan that you can sign, where the loan contract is allowed, this allows something different, then running the trading or booking schedule or longer than the main amount now, even if the cash loan format in advance as form descriptions, can it be a real estate? Produce all other details, save additional clauses, the format of the credit agreement in the 100 word file check details on this paper.
