Stamp Paper for Loan Agreement

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  • Post category:미분류

A friend of mine wants to invest in my next startup in India, but he and he currently live abroad, he wants to invest the money for equity in contract paper before I register the company. 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. Hi Sreekanth, first of all I want to thank you for your lovely blog to help people like me. I gave my uncle about 10 Lake Loans at 18% interest 2.9 years ago and he gave me a promissory note. This PR expires in 3 months. To date, the outstanding balance of the loan with interest is approximately 16.5 Lakes. So far, he has only paid 50k. A person or organization that practices predatory loans by charging high interest rates (known as a “loan shark”). Each state has its own limits on interest rates (called “usurious interest”) and usurers illegally charge more than the maximum allowable rate, although not all usurers practice illegally, but fraudulently charge the highest interest rate, which is legal under the law.

I took out a bank loan from a PSU bank and the same was sold as an NPA to an asset reconstruction company. Now they claim to either make a one-time billing of 1.3 l or pay it in EMI. But they are not willing to provide proof of payment. When asked for proof, they say the Chellan, which can be considered proof of payment and processes the NOC certificate after 15 days from the date of final payment. But I have heard many cases where the NOC has not been specified and Cibel`s score has been changed. If I had to have legal documents, I can get a PR or an agreement signed by them with all the conditions. Please tell how to proceed, so that it returns this amount directly to my bank where my loan is available. Do I have to pay TAXES or legal questions from the income tax team? Therefore, it is always advisable to make the credit process legally valid and in writing. This way, it is possible to secure your money and help your friend or relative.

Default – If the borrower defaults due to non-payment, the interest rate under the agreement, as determined by the lender, will continue to accumulate on the loan balance until the loan is paid in full. I work in a small private company and I receive an income of about 23k by hand. Now I need an amount for my expenses. So if I provide a retrospective cheque and a promissory note in exchange for a manual loan, I can get a loan of about $35,000, which is very urgent. However, tax benefits under Section 24 of the Income Tax Act may be claimed as a tax deduction from interest paid on a loan. The main criterion is: “The loan must not be for personal use. Security – An item of value, such as a home, is used as insurance to protect the lender in case the borrower is unable to repay the loan. .