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Money lending
3 years ago
I want to know About the documents that i should ask befofe giving money to someone on loan
A.I have gone through your query in detail.
1) Make a promissory Note- Clearly mention the Start Date & End Date
2) Enter the same amount on Cheque with the borrowers own handwriting
3) Have 4 Witness from His Side & 2 Cheques also of the Witness
4) If you give frequent money on Interest, then better to take a Money Lender License & be safe.
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ADV. ANISH PALKAR (High Court)
1) Make a promissory Note- Clearly mention the Start Date & End Date
2) Enter the same amount on Cheque with the borrowers own handwriting
3) Have 4 Witness from His Side & 2 Cheques also of the Witness
4) If you give frequent money on Interest, then better to take a Money Lender License & be safe.
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Hope this information is useful
ADV. ANISH PALKAR (High Court)
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A.Dear Sir,
In the recent trend, promissory notes or mortgage etc are time consuming in recover.
You may either take blank cheque or gold/jewelry as securety. Discuss.
Through cheque you can easily bind him and even put him in jail.
In the recent trend, promissory notes or mortgage etc are time consuming in recover.
You may either take blank cheque or gold/jewelry as securety. Discuss.
Through cheque you can easily bind him and even put him in jail.
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Rameshwar Dadhe
Responded 3 years ago
A.Bank cheque. Or promissory notes with witness .made it from any local lawyer
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