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 Why Gold IRA Companies Suggest Investing in Precious... June 11, 2021 Alternative Lender, MT Finance, Completes Management Buy-Out with... May 26, 2021 How Probate Loans Work May 24, 2021 What Startups Can Do If They Need Extra... May 24, 2021 3 Effective Strategies on How to Make Money... May 14, 2021 The Butterfly Spread Option Strategy May 13, 2021 Everything You Need To Know About Consolidating Debts May 7, 2021 Financial Considerations You Need To Know Before Selling... May 5, 2021 How New Technologies Are Affecting the Ways in... May 5, 2021 Weighing Up the Pros and Cons of SBA... April 22, 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. Reply Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.