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I had taken 1 lakh from sumone and he is asking me 10 percent interest for one month which is troublig me. And he is harassing me if I do not pay him the interest on time. What should I do ?? Is 10 Pe...

A. It is not legal.. Lodge complaint with police and concerned licensing authority to close his business.
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unable to pay credit card dues payment

A. Dear Sir,
Please get issue a legal notice on the basis of following judgment.
Please give me Rank 5 if you feel my answer helped you.

ICCI Bank Limited vs. Prakash Kaur case,

The Supreme Court in a landmark judgement reiterated its earlier stand that banks cannot deploy musclemen for recovery of loans from defaulters thus forcing them to end their lives.

"We deem it appropriate to remind the banks and other financial institutions that we live in a civilised country and are governed ...ReadMore
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my property is in Pauri Garhwal city, Uttarahand, It is rented by the govt. department for more than last 10 years. But the rent which I receiving by the office. is not according to rented circled rat...

A. Get issue a legal notice then approach High Court directly and you will get favorable orders on technical grounds.
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I have given around 60Lakh to my friend on mutual understanding for his business (1 year ago). He suppose settle my money march 2020 but recently he had huge losses in his business so asks for more ti...

A. Hi client,
As the amount is a huge one. You should have an agreement for sale or at least an MOU done . It is better that you consult an advocate immediately.
Thanks and Regards
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Adv. Sarika  Khude
Adv. Sarika Khude Experience: 6 Year(s) Pune
Ayantika Mondal and Anik @ Prime Legal
Ayantika Mondal and Anik @ Prime Legal Experience: 11 Year(s) Bangalore
Suneel  Moudgil
Suneel Moudgil Experience: 16 Year(s) Panipat
Hi, Can my firm take a loan from any individual, firm or bank by giving my firm's debt as collateral security . I sell goods & give emi option to my clients, i think, the installments which are to be...

A. you sell goods and also provide EMI options to your clients, the EMI's payable by clients are called Receivables.
You can approach any bank and ask for loan facility
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rajagopal  Sripathi
rajagopal Sripathi Experience: 27 Year(s) Hyderabad
ANISH  PALKAR
ANISH PALKAR Experience: 13 Year(s) Mumbai suburban
Kishan Dutt Kalaskar Retired Judge
Kishan Dutt Kalaskar Retired Judge Experience: 34 Year(s) Bangalore
Aise aadmi se loan lene ke liye koi limit hoti hai kya ya unlimited le sakta hu ? Aur agar registered money lender se lu toh limit hogi ya unlimited ? Har state me iske alag alag niyam hote hai kya ?

A. Dear Madam/Sir,
Never give blank cheque if you take loan either from registered money lender or unregistered money lender. The only suggestion if not so in urgency not to raise loan. If raised not to fear to their threatening. They cannot recover that easy. Enjoy the fruits of loan.
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Dear Sir / Mam, In this period of Covid-19 crisis, RBI asked banks to give 3 months moratorium period on EMIs to borrowers. Here issue is that one of the money lenders, without my consent, applied 3...

A. Hi,

Opting moratorium is not automatic, it requires to apply digitally/online. There must be some error in their act, request to write their grievances team, failing which you may lodge a complaint with RBI at below portal:-

https://www.rbi.org.in/Scripts/Complaints.aspx
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I need to take loan from an individual for a period of 10 years. I will pay him fixed percent of interest every month on time. But i want to repay the loan in uncertain percent of loan amount in insta...
I need to take loan from an individual. I will pay him fixed percent of interest every month on time. But i want to repay the loan in uncertain percent of loan amount in installments such 1st month -...

A. Dear Sir,
It is a private agreement between you an lender. Nothing prevents you to enter into such agreement but he must be registered money lender.
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ask_a_question

Anonymous

Posted 3 months ago

The lending apps in play store charge very very high interest upto 33% pa and higher processing fees, is there any way to file a complaint against them so that people desperate for money dont fall int...

A. Dear Client,
You can go and file a Public Interest Litigation for the interest of the society.
Thanks
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