can we transfer an amount of loan to a person after taking the loan from another person?
Replies (2)
Quick Summary
Yes, it is possible to transfer a loan amount to another person. While there are no explicit restrictions against it, you will need to verify the identity and creditworthiness of both individuals involved. The genuineness of the transaction will also need to be established.
Yes. There is no restriction. Ofcourse practically,you have to prove the identity and creditworthiness of the persons and genuineness of the transaction.