Agreement for Lending Money in India

I took out a loan from my wife (4Lakhs) in 2017 and we agreed that she would get my rental income from my old house for the next five years (I am the sole owner). There is no written credit agreement for this. Dear Sreekanth, In 2014, a buyer came to buy my property for 15 defects. I am ready to give. We made a six-month agreement taking 2 gaps from him. After six months, he no longer wants to buy my property and sends me a legal notice to return his money with interest. Please advise me. What to do? And how can I get rid of this matter without paying anything. “Such a contract/agreement will not remain valid if your wife asserts her property right and chooses the legal option to do so. The Hindu Marriage Act and other related laws take precedence over the agreement signed between you and your wife.

You should not opt for such agreements, as this will make the issue more complicated in the future. “A friend of mine is in the United States and his wife is in Inde.Sa wife is waiting for money from her husband so she can take land and build a house in Hyderabad. But she wants to keep the property in her name and is ready to repay (interest and principal) to her husband in the future. What kind of loan agreement should now be drafted between wife and husband and the loan agreement should be problem-free, even if it is problem-free in the future, such as divorce/separation, etc. How powerful is a stamp contract when buying land? I`m thinking about buying land in an EMI-based company for two years with a fixed upfront payment. The adventurer of the plot says that he is writing a deal for the same. My question of doubt is legal, what is the power of the agreement that is so written. It can be noted here that there are laws in India that regulate money lending, and a person/entity in the lending field should be registered as a money lender or with the Reserve Bank of India as a banking company or as a non-bank financial company. As Shakespeare wrote, “For the loan often loses both itself and its friend.” If you lend money to a friend or family member, be careful not to get your money back and that your relationship never returns to normal. Think twice before lending money to a friend. Sometimes it`s best not to lend money to a friend to keep an eye on their best interests.

Hi Sreekanth ji, brother I got money to my acquaintance but not to my relative. I have 2 sets of PN, 3 blank checks and 1 (blank stamp paper 100 Rs). Now the problem is that he is leaking with my money and many others. Few people are already filing a complaint against him. I am waiting to file a complaint against him because his older brother is in contact with me. He said he would pay my unpaid amount, but I doubt it was his tricks just to get a little more time from me. What are you saying? What must I do? Hello, Thank you for the full article. Pl tell me how much bond paper needed to take out a loan agreement for 6 lakh.

My father blocked the money (90,000) of one of my relatives 12 years ago and this person took signs on stamps on paper on demand (at that time, nothing was written on it). And my father paid interest of 3%/month. for the last 3 years, due to a financial problem, he was not able to pay regular monthly interest (he paid a partial amount). And recently, my parent again took my father`s signature on stamp paper and on request paer (which was completely empty). Since my father is not educated, he did not see anything and signed blindly. Will this be a problem for us in the future? My opinion on lending money to friends or relatives: My wife and I live in the United States. We visited India in October 2010 for a few months when my father was seriously ill at the time. My wife (borrowed money from her relatives in India) lent me money (about 50 lakh rupees) for my father`s treatment. I gave my wife a PR that says I will pay her either 50 lakhs of Indian rupees or $100,000. I signed this PN in October 2010 when we were both in India. We used a 1 rupee tax stamp through which I signed the PN. I lent my friend 3 lakhs a year ago, I did not sign an agreement, he is ready to sign an agreement now, it is advisable to have an attachment in the agreement that contains the details of the loan amount indicated in the past (1 year ago).

The loan amount was obtained by swiping the credit card in different months for small amounts up to 10K Dear RK, Suggest not to lend money in cash mode. If necessary, then up to Rs 2 lakh in a FY should be fine. Dear Prakash, advise yourself to get the agreement as soon as possible. Lending to friends/relatives turns out to be a very big risk and if you don`t have a deal, imagine the quantum of the risk. You can attach the attachment and have it signed. I need information from you. We borrowed an amount from our family friends four years ago. The total amount was 6 lakhs and at the time of borrowing we gave them more than 2 promissory notes. For example, we recently learned that they had missed one of our promissory notes. This month we will pay them the full amount and I want to take an amount they received from them. Please let me know the format of No Duees from them and also let me know if I need to take other papers from them for future purposes. I had given money to my friend for his fate, now he tells me that I had no money to give you back.

I asked him to sign 10 rupees of stamp paper. Does it make sense for me to file a complaint and what should be the question in the stamp paper, please provide a link, dear sir, should the loan agreement be notarized and, if so, according to what law? Dear Mr. Reddy, thank you very much for operating such an informative platform, my questions have gone off the rails, but relate to the subject.. .