Legal Advice Against Loan Sharks | Vkeel - Free Legal Advice

Sangeeta Koshe

Kalyan West

There are some loan sharks exist in the city. Who provides money on huge interest i.e. 10% per month, while they speak very sweetly so that people should take money from them, after that if not able to pay interest for few months i.e. in a lockdown they started threatening and harassing What could be the solution? Any legal help.

Expert's Answers(2)

xxxxx cxxxxx
Bengaluru, Karnataka

184 Client Ratings

Dear Sir, The wise men never approach such anti-social elements. Please mark “LIKE” if satisfied by my answer.

October 19, 2020
Advocate J L Naagar
Jalandhar, Punjab

169 Client Ratings

Since the loanee enters into a Legal and valid Agreement with them and that document is legally executable all are helpless. But being a registered money lending practice they have to adhere to the settled norms as established by RBI. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

October 18, 2020