A credit agreement contains the following information: Hello thank you for this beautiful article. I have a question My friend and brother-in-law desperately need money and my brother-in-law friends have their own house, but unfortunately no bank is willing to give them a mortgage because they have not filed a pay slip or income tax return. I want to help him by granting a loan of 15 Lakhs, taking a personal loan from my account, since I have complete documents. However, I don`t want to take a risk in the future, hence my questions: 1. Can I give them a loan with their asset documents as collateral? 2. What deals I should go with them. 3. Please let me know what documents they need to retrieve or sign. If the loan is for a large amount, it is important that you update your last wish to indicate how you want to manage the outstanding loan after your death. a) To provide accurate and truthful information. b) To finance the amount accepted to the borrower. (c) hold sufficient credit to the account of the beneficiary bank for the payment of a part of the amount of the borrower`s loan.

(d) the correct performance of all the conditions laid down in this loan agreement. e) Lenders agree to exempt and indemnify and hold harmless any claims, actions, liabilities, costs, losses, damages suffered by your access in violation of the stated terms of use as well as applicable laws, rules and regulations or agreements in force from time to time. Dear Venkatesh, yes, it is better that you have a formal credit agreement. Zero-interest loans are not taxable to both lenders and borrowers. Another option can be through the GIFT act. Please make transactions in check/transfer mode online and avoid cash transactions. Please read: 5 Ways to Transfer Your Property! Gifts & tax effects! I`ve been investing in Flat for the last eight years, no, they`re ready for the property. In the meantime, last year, I bought a house from Home Loan. Now I want to sell to my apartment all the parts of my loan. Will this attract a capital gain? As Flat was recorded in 2015.

Dear Karthik, thank you for the answer. We are worried about having to pay taxes if my friend transferred money to my account. And what type of the latter will help us PN or credit agreement? If any provision of this Agreement is found to be invalid or unenforceable, the invalid or unenforceable provision shall be deemed to be superseded by an enforceable provision in effect that most closely matches the intent of the original provision, and the remainder of the Agreement shall remain in full force and effect. . . .