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 Private loan, Lending money with interest

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Germ
post Jul 13 2019, 06:51 PM

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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.)
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if the buyer has issues getting loan from bank, are you sure you want to extend a personal loan?

 

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