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 What Are the Most Popular Ways to Make... December 19, 2021 What You Should Do Before Choosing a Broker... December 16, 2021 Top 5 Reasons to Work with a Christian... December 5, 2021 Personal vs Professional Loan November 25, 2021 States with the Highest Average Income November 11, 2021 The Different Types of Online Payments for Your... November 4, 2021 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 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.