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Franking Amount for loan agreement
I have prepared loan agreement. what Amount of Franking needs to be done if the agreement is being signed in the State of Maharashtra?
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In Maharashtra, "franking" is the process of paying your stamp duty. For a loan agreement, the rate is typically 0.1% to 0.2% of the loan amount, depending on the specific nature of the document (e.g., mortgage vs. simple loan). Please verify the exact article with your bank or a legal expert, as rates are subject to the specific terms of your agreement.
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