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I want to know if i can make Loan agreement on 500 rs stamp paper while lending a friend money? : Can I include rate of interest of repayment instalments Claus being an individual?

A. Hi,
The value of stamp paper depends on the loan amount. The agreement should include all the details, including rate of interest, repayment everything.
If you like my answer, please rate me.
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Ayantika Mondal @ Prime Legal
Ayantika Mondal @ Prime Legal Experience: 12 Year(s) Bangalore
Pardeep Kumar Dhiman  Dhiman
Pardeep Kumar Dhiman Dhiman Experience: 22 Year(s) Saharanpur
1st... Where to get unfilled Bill of exchange document ? Can we take an blank paper & write on it... 2nd..Do we need to get our bill of exchange registered under which local authority ? 3rd....Which s...

A. Hi,
To get the bill of exchange prepared approach a lawyer.
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Hi I have given cash to my friends friend as lending purpose as in the form of half amount cash and half amount in cheque with 100 rupees note signatures. by keeping his car with me for the total cas...

A. its his car, he can do whatever he wants.
you took possession of his car which was illegal until it was mortgage which it was not. '
you can not file FIR
you can file money recovery suit.
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Anonymous

Posted 2 weeks ago

My retired father has given loan of Rs 4 lakh for distance relative person against blank cheque who was doing pesticide business. 6 months back he has died due to suicide.He is having land and own hou...

A. Dear sir,
Through cheque you can recover easily.
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Debasis Ghosh

Posted 1 month ago

I have taken gold loans from IIFL one year back And I have paid all the interest. Now today I have received Mark to market notice from IIFL that I have to pay more than 1 lakh with in 4 days. Please...

A. Dear Sir,
You may approach police and also get issue a strong legal notice.

Rate me Five Star*
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Ankur Goel @ Complete Law Shield
Ankur Goel @ Complete Law Shield Experience: 6 Year(s) Bangalore
ANISH  PALKAR
ANISH PALKAR Experience: 14 Year(s) Mumbai suburban
Advocate  Anik
Advocate Anik Experience: 11 Year(s) Bangalore
I had applied for data entry job last day and they told me to send adhar card and my photo and took my whatsapp number , next day i had called them that i cant do the job because 1000 forms i cant do...

A. Hi,
You can file a complaint to the Police. Agreement was not valid and hence they cannot compel you to pay the amount. Thank you
If you found this helpful, do rate us.
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Ayantika Mondal @ Prime Legal
Ayantika Mondal @ Prime Legal Experience: 12 Year(s) Bangalore
Ashutosh  Patel
Ashutosh Patel Experience: 16 Year(s) Jabalpur
Pratibha  Sharma
Pratibha Sharma Experience: 2 Year(s) South West Delhi
the wife was borrowed Rupees 20000 cash from the person known to her by signing in a green blank bond paper available in a petty shop. No security mode at the time of borrowing. But 8 years E.P. notic...

A. Hi,
You will have to reply to each averment of the notice, point by point. We can assist you with this, but will need more details to work on your defence.
If you found this helpful, please rate us.
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Advocate  Anik
Advocate Anik Experience: 11 Year(s) Bangalore
J S  Pawar
J S Pawar Experience: 5 Year(s) Mumbai
ask_a_question

Anonymous

Posted 2 months ago

I have notery paper person I give money to should I go lodge fir against person or hire lawyer

A. Hi,
Running away with money given to perform a specific work has become a very common practice these days. You must file an FIR against him.


If you like my answer, please give a good review.
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Advocate  Anik
Advocate Anik Experience: 11 Year(s) Bangalore
Vaidehi  Samant
Vaidehi Samant Experience: 6 Year(s) Mumbai
ask_a_question

Anonymous

Posted 2 months ago

i Take Loan in application many times i pay my loan before due date but now days i face some personal problem so i don't able to pay now but they call me and send notice to pay loan others they call a...

A. Hai,
If you are served a notice from the bank, please respond to it at the earliest. You will have to face legal consequences if you fail to reply to the same. If you found this helpful, please rate us.
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Anonymous

Posted 2 months ago

My dad took a loan pledging the vehicle documents. My dad is no more and vehicle was taken away by the recovery agency without our consent. Now the money lenders are saying they have not taken away t...

A. Report the matter to police of dacaity etc. Your liability is limited to the value of assets if inherited from your father.
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JP Legal  Associates
JP Legal Associates Experience: 14 Year(s) Mumbai
Advocate  Anik
Advocate Anik Experience: 11 Year(s) Bangalore
Ayantika Mondal @ Prime Legal
Ayantika Mondal @ Prime Legal Experience: 12 Year(s) Bangalore

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Categories
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