Unsecured loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2013 whether it is mandatory to charge intt on unsecured loan . if not can it depends upon profit & mood of owner

27 September 2013 Its depend upon the Agreement between the Parties, Lender and the Borrower...

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 September 2013 If Their is no Agreement b/w both the parties

28 September 2013 There no such Rate specified for unsecured Loan..
The interest on an unsecured loan is not tax deductible.


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