Money lender questions Money lender questions

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?

4 Response(s)

Posted 8 months ago


A. you can not include rate of interest.
It is illegal to take interest without license.
you can lend the money even on 10 rs stamp paper without interest.

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Latest Response 8 months ago
Ankur Goel @ Complete Law Shield

Ankur Goel @ Complete Law Shield

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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Pardeep Kumar Dhiman  Dhiman

Pardeep Kumar Dhiman Dhiman

From where, we can get unfilled paper of bill of exchange From where, we can get unfilled paper of bill of exchange

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

3 Response(s)

Posted 8 months ago


A. Hi,
To get the bill of exchange prepared approach a lawyer.

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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Cash given for lending purpose to friend(government employee) Cash given for lending purpose to friend(government employee)

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

4 Response(s)

Posted 9 months ago


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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Latest Response 8 months ago
Ankur Goel @ Complete Law Shield

Ankur Goel @ Complete Law Shield

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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Loan recovery Loan recovery

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

5 Response(s)

Posted 9 months ago


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

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Ankur Goel @ Complete Law Shield

Ankur Goel @ Complete Law Shield

Tanmoy  Chattopadhyay

Tanmoy Chattopadhyay

Sir Sir

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

5 Response(s)

Posted 9 months ago


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

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Ankur Goel @ Complete Law Shield

Ankur Goel @ Complete Law Shield

Anish  Palkar

Anish Palkar

Mumbai suburban

Reply to E.P case Reply to E.P case

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

3 Response(s)

Posted 10 months ago


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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Latest Response 10 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

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Money lending Money lending

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

3 Response(s)

Posted 10 months ago


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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Latest Response 10 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

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Loan recovery Loan recovery

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

2 Response(s)

Posted 11 months ago


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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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Loan repayment Loan repayment

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

5 Response(s)

Posted 11 months ago


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

Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Money Lending through Private Comety Money Lending through Private Comety

I had that private cometies where you and other people have to pay monthly installments for a period of time and in between one can withdraw total amount and keep of paying in terms of installments. S

2 Response(s)

Posted 11 months ago


A. Hi,
This was scam. Complain to the police about fraud and cheating under Sections 415 and 420 IPC. Once they locate her, file a civil suit for money recovery.
Be more cautious before investing in schemes like these in the future.
If you found this helpful, please rate us.

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Latest Response 11 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

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