Private loan, Lending money with interest
|
|
 Jul 12 2019, 05:47 PM, updated 7y ago
Show posts by this member only | Post
#1
|
 
Probation
3 posts Joined: Jul 2019 
|
I was planning to subsell my property, a flat to someone. But the person is having trouble with borrowing a home loan from bank. So I'll like to lend my money to him with a given interest 5.0% and ask him to sign the agreement. Is it legal for me to lend money with interest for the home loan, becoming the bank myself. (I'm not doing it for many people for business purpose.)
|
|
|
|
|
|
Jul 12 2019, 05:51 PM
Show posts by this member only | Post
#2
|
Senior Member
6,017 posts Joined: Sep 2011 
|
5% yearly or monthly first
|
|
|
Jul 13 2019, 06:45 PM
Show posts by this member only | Post
#3
|
|
Probation
3 posts Joined: Jul 2019
|
QUOTE(hightechgadgets8 @ Jul 12 2019, 05:51 PM) 5% yearly or monthly first Yearly |
|
|
Jul 13 2019, 06:51 PM
Show posts by this member only | Post
#4
|
|
Junior Member
35 posts Joined: Jul 2019
|
QUOTE(Aleph233 @ Jul 12 2019, 05:47 PM) I was planning to subsell my property, a flat to someone. But the person is having trouble with borrowing a home loan from bank. So I'll like to lend my money to him with a given interest 5.0% and ask him to sign the agreement. Is it legal for me to lend money with interest for the home loan, becoming the bank myself. (I'm not doing it for many people for business purpose.) if the buyer has issues getting loan from bank, are you sure you want to extend a personal loan? |
|
|
Jul 13 2019, 09:19 PM
Show posts by this member only | Post
#5
|
|
Probation
3 posts Joined: Jul 2019
|
QUOTE(Germ @ Jul 13 2019, 06:51 PM) if the buyer has issues getting loan from bank, are you sure you want to extend a personal loan? Yes, I know that person and why he's not getting approved by his bank. But don't know whether or not the legal agency of Malaysia allows me of doing so. |
| Change to: |  0.0132sec
 0.86
 5 queries
 GZIP Disabled
Time is now: 11th December 2025 - 08:37 AM |
Quote