Loan to Trust

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student
27 Points Posted on 19 May 2021
Can a trust take loan for meeting it's objective? Can you provide any reference material supporting the same.
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On 19 May 2021 at 09:51 Report
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Quick Summary
This discussion explores whether a trust is legally permitted to take out a loan to fulfil its objectives. The consensus is that trusts can indeed secure loans, with no specific legal prohibitions against it. Guidance is also provided regarding potential interest rates on loans taken from trustees.

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372 Points Posted on 19 May 2021
Charitable trust take a secured or unsecured loan from its managing trustee or trustee as per trust act or income tax act
yes they can and cant be take interest higer than other unsecured loans in trust .
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On 19 May 2021 at 10:27
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Chartered Accountant
24588 Points Posted on 19 May 2021
Yes trust can takes loan
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On 19 May 2021 at 10:46
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Learner
2398 Points Posted on 19 May 2021

Yes, Trust can get loans.

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On 19 May 2021 at 10:58
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tax consultant
3306 Points Posted on 19 May 2021
There is nothing provided in the law which stops trust from taking loans.
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On 19 May 2021 at 13:22

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