interest at which money lenders are allowed to give loan
anson
(Querist) 30 July 2009
This query is : Resolved
i would like to know at what interest money lenders are allowed to give money to public at the guarentee of check in maharashtra (thane)
(bank)?
and what are the laws to avoid the public from harrasement from the money lenders?
whether yhe public can go to court for collecting money at over rate of interest?
Sarvesh Kumar Sharma Advocate
(Expert) 30 July 2009
as per the state govt. allow the interest take by the money lenders.but it can't more then dubble of the actual amount,
if any harrasement did by the mo.le. then complaint to the concerning collecter of the district and also file criminal case of harresment.
any body can go to consumer court,civil court.ffor the complaint.
