In Delhi,how to do the business of money lending legally ?

Guest (Querist) 17 July 2009 This query is : Resolved
I want to know that if I need to have some Money lender License if I want to do this business legally. And some one told me that there is some ceiling upon interest charged /what is that cieling ? What is the truth? How to start this business in a leglize way ? How to get that License and what should be the maximum legal rate of interest? Please answer. Thank you all in advance.

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sanjeev murthy desai (Expert) 17 July 2009
Dear Madhu,

You have should get the licence from the compitent authority constituted under central money lenders act.

Please contact our expert friend Mr. Manish Sing is also from Delhi.

sanjeev desai

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