Another way to make your loan valid and secure is to agree to a loan agreement. A loan contract is more expensive than changing sola and you can include as many clauses and conditions as you feel it is necessary. You can also provide specific and detailed details of the loan, such as default, penalty, legal heirs, termination, guarantees, guarantees, etc. I have 10L to my relative in cash 3 years ago, which I got by selling some real estate. I have never shown this money in it. Now they have to return the money, how can I take the money without ending up in computer problems and they come from agriculture. Relying only on a verbal promise is often a recipe for a person who gets the short end of the stick. If the repayment terms are complicated, a written agreement allows both parties to clearly define all the terms of payment and the exact amount of interest due. If a party does not respect its side of the agreement, the written agreement has the added benefit that both parties understand the consequences. A friend or family can be important to you. But what`s even more important is to protect your financial interest in life.
You cannot give a package and huge amounts of hard-earned money to a friend or family member without there being written legal documents to prove such transactions. Dear Sir, should the credit contract be notarized and, if so, under what law? Hello sreekant sir, my English is a little low, pls adapt, in 2010 I had a good friendship with an old lady, she made me to love her daughter, so I married her, I did, and her daughter to keep in mind that I will be her son in law, she gave me 3 rupees in timeshare to manage my financial problems “she put on my account , then she started and her daughter began to dominate me in everyone and everything in my life, when I recognized her worst behavior day after day, I finally broke her marriage proposal, then they started torturing me with calls, and threatened my parents too, insulted me by hurting my colleagues , friends and relatives Every day they will call me and scold me and ask me for money, then I almost tried to commit suicide, but I could not, then, somehow, I got credit 3 lakhs, I refunded them entirely by money, now I thought it was all over, but again she went to my bank and took my bank statement saying lies , which is dated 2010, now indicating that it shows that this office I filed, so give me back,but I paid it fully, just error by hand, there is no agreement between us,, only it shows its function on my statement of account which is true, now it threatens me to take legal action, how can I prove and how can it prove this happened in 2010 , and there is no agreement except my statement of account, it indicates all the guarantees, commitments and agreements given by the parties are binding on the parties, their legal representatives and rebates.