Will It Be Legal to Borrow Money from Friends and Pay Them Back an Interest by Olufisayo December 16, 2019 written by Olufisayo December 16, 2019 0 FacebookTwitterPinterestLinkedinWhatsappEmail Related Articles Personal Loan for a Home Down Payment June 10, 2022 7 Tips on Getting a Personal Loan to... June 1, 2022 The Pros and Cons of Taking Personal Loans... May 13, 2022 Why Shares Should Be a Part of Your... May 2, 2022 The Moving Average crossover strategy for trading indices April 30, 2022 How to Find the Cheapest and Best Forbrukslån... April 22, 2022 Introduction to Financial Modelling for Entrepreneurs April 8, 2022 Small Business Accounting Vs. Bookkeeping March 14, 2022 5 Ways Financial Advisors Can Drive Client Retention March 8, 2022 Customized Tax and Accounting Solutions for Startups and... March 7, 2022 1 comment Citi Diamond Preferred December 16, 2019 - 8:00 PM Thanks for the informative article. I’m not a fan of borrowing money from friends or relatives, regardless of what the law says. I believe that this is not right, even though it is more profitable than taking a loan from a bank. Yes, sure in this case there is no interest rate. But in my understanding, there are special instances where this is done legally. Friends and relatives are not for borrowing money. They are for another purposes;) This is my personal subjective opinion. Comments are closed.