How to Make Loans Between Individuals

Posted by: IrfanUpdated at : 4:27 AM
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Loans between individuals is presented as a good alternative to bank loans. It is a good choice in front of the few financing options off...
Loans between individuals is presented as a good alternative to bank loans. It is a good choice in front of the few financing options offered by banks at present. It consists of the provision of money between two people or companies without having to resort to the intermediation of any entity. But to get that all will realize the most safe and legally possible, you have to follow a series of steps. To know what, in here we tell you how to make loans between individuals.

Instructions


There is no law governing lending between individuals, but although they are usually sealed with a verbal agreement, it is never more to document and register the loan.
> To document and register the loan you can go to a notary, although it can be done for free through a private contract. This contract should specify parties involved, the amount borrowed, return fees, return period, interest (if any), clauses for non-payment and others who want to regularize.

Once formalized the agreement, it is necessary to take it to the tax agency to make it legal, specifying the existence of interest if you have to pay income tax.

One of the advantages that present the loans of this type are the immediacy and flexibility they offer.

For loans between individuals there that there are no disproportionate guarantees required by financial institutions.

Another advantage of these loans are much smaller than orders interests by banks.

It is also not necessary, in any case, have to change bank.

Comment there are different platforms on the Internet specifically created to regulate loans between individuals, making them much safer and regulating them properly.

Finally, it is essential to avoid, in any case, non-regulated lenders.
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Title : How to Make Loans Between Individuals
Description : Loans between individuals is presented as a good alternative to bank loans. It is a good choice in front of the few financing options off...