GAJENDRA 26 March 2019

Loan to friend

Giving money as loan to friend what documentation should i to be done..?

4 Replies

Elangovan 26 March 2019

Better bet would be following documents.. Make him sign promissory note Salary slip Bank account stmt Cheque Possible get surity form one of his friends I'd proof Even though he is your friend get as minimum as above documents, to protect your Loan helps legal remedy in case of default..

GAJENDRA 26 March 2019

I AM GIVING 107000 AS LOAN

Shashi Dhara 28 March 2019

If he is Ur best friend then take oral assurance from him if any thing happens then with broad mind waive it. Take legally necessary documents cheque pronote

Sayantan Misra 28 March 2019

Make an agreement to that effect, stating that you have given such amount to your friend, which shall be returned by him which such time and following such conditions...