Dear Friends ,
One of my Business Contacts wants a loan of INR 25 Lakhs to Finance his Business (Not a friend)
I have the required funds with me but how can i give him a Loan in the most secured way .
1) Will an agreement on Stamp Paper be good enough ?
2) As this is a Person to Person Loan can i ask for a Collateral like a House / Land / Immovable Property etc
Any input from knowledgeable people around is welcome