Interest to unsecured loan from famly member

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177 Points Posted on 04 November 2020
maximum rate of intt. paid againt U.Loan from famly member
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On 04 November 2020 at 15:50 Report
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This discussion explores the interest rates for unsecured loans provided by family members. It highlights that the rate should be based on mutual understanding and not exceed market rates, with a suggested maximum of 18% per annum, while noting a standard rate of 12%.

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Accountant
3662 Points Posted on 04 November 2020
As per mutual understanding

Not above market rate
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On 04 November 2020 at 16:22
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177 Points Posted on 04 November 2020
It may be not greater than 18% p.a.
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On 04 November 2020 at 16:24
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Accountant
3662 Points Posted on 04 November 2020
Standard Rate is 12%
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On 04 November 2020 at 16:36

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