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Signing of loan agreements between cities?

(Querist) 27 July 2015 This query is : Resolved 
Hello,

We were planning on opening a P2P lending firm and we were wondering if letting the investors loan out money to borrowers outside their home town would be a practical option?

See, when it comes to giving out loans, our company will be arranging the agreement signing between the borrower and the lender. Therefore I wanted to know if an agreement signed between two cities or even states is valid in any court throughout the country?

Can the borrower sign the agreement and then speed post it to the lender who sends it to the company address after signing it?

Is digital signatures in india is an option or if it is, can it be applied to an unregulated business like ours?

Is there any chance of tempering such an agreement between two cities either by the borrower or the lender? Like changing interest rates or terms and conditions of the loan and as such?

If anyone could answer these questions, I would be very grateful. Thank you.
P. Venu (Expert) 28 July 2015
What do you mean by "Unregulated Business"?
Rajendra K Goyal (Expert) 28 July 2015
Commercial query, consult local lawyer.


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