Lending money

vivan (Querist) 29 August 2016 This query is : Resolved
Respect sir

My friend is asking to grant him loan against his lic policy without interest. Being a friend i want to help him

Should i help him?

Plzz guide me

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Guest (Expert) 29 August 2016
If not a regular lender of money and you want to help him, what is the hitch. It is your personal matter, do as you think fit.

R.K Nanda (Expert) 29 August 2016
Choice is yours.

adv.bharat @ PUNE (Expert) 29 August 2016
No reply to repeated query.

As expert have already explained in details.

If u like my suggesation then give THANK on my LCI profile.

Rajendra K Goyal (Expert) 29 August 2016
All depends on your personal choice.

Asses and analyse his need and chances of return.

Kumar Doab (Expert) 29 August 2016
Experts have advised.
Choice is yours.

Raj Kumar Makkad (Expert) 29 August 2016
Lending money to someone or not depends upon yourself, however, you should take precautions while lending it so that it may be got recovered within the stipulated time without disturbing the friendly relations.

Kumar Doab (Expert) 30 August 2016
Consult your own counsel to take precautions as suggested by Expert Mr.Makkad.

Your counsel can suggest after examining the docs and situation.

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