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.
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of this Agreement is found to be invalid or unenforceable, the invalid or unenforceable provision shall be deemed to be superseded by an enforceable provision in effect that most closely matches the intent of the original provision, and the remainder of the Agreement shall remain in full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. . . .