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Ramesh   13 June 2017

Cheque date

Expert Lawyers,

I have few doubts about cheque

Borrower needs 1 Lac Loan for 6 months and he is ready to give cheque in addition to promissory note.   Interest is 2% per month = 2000rs per month

1. what should be the cheque date?  today date or add 6 months = 13-Dec-17

2.  can the cheque amount be principal + interest?   ie Rs. 1,12,000/-



Learning

 3 Replies

rajuchowdappa   13 June 2017

Contact me 9738465552

Advocate Suneel Moudgil (Advocate)     13 June 2017

how is interest payable? whether monthly or after ull tenure? pls clarify

 

Ramesh   14 June 2017

borrrower will pay monthly interest of 2000rs


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