Lending money to my friend without charging interest islegal

Querist : Anonymous (Querist) 20 September 2018 This query is : Resolved
My friends want 30,000 INR from me as a loan, I am ready to help him. I will not charge any interest but at given time he needs to pay his debts otherwise can I take legal step ? Is all this matter , "from lending money without charging interest but he needs to pay on time", is legal? I don't have license for lending money.
What else do I need to do?
Do I need to make a contract from lawyer with a stamp. Please guide me.
Please let me know very soon.
Thanks, lawyersclub for helping us.

With regards,
Sohan Chatterjee.

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