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 Here is Why You Will Enjoy Working With... September 28, 2021 How to Determine if Your Company Should Hire... September 13, 2021 A Short Guide to Taking Out a Consolidation... August 24, 2021 3 Best Ways to Invest in Gold August 18, 2021 How Creatives Can Make Money from Instagram August 10, 2021 Forex Brokers Accepting US Clients August 5, 2021 RD Tax Credits For Both Large And Small-Scale... July 20, 2021 Bankruptcy and Why You Should Go For It July 10, 2021 6 Alternatives to Debt Financing For Business Owners July 9, 2021 Creating a Financial Advisory Website Your Clients Will... June 30, 2021 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.