Can I Lend Money to Someone & Make My Own Loan Agreement?

 Can I Lend Money to Someone & Make My Own Loan Agreement?” – Or should I also lend them a lawyer? 😅📝

A witty client once asked:
“I gave my friend ₹5 lakhs last year and made a handwritten agreement. Now he’s ghosting me. Is my homemade loan contract legally valid?”
Our response: Bro, you gave him lakhs and trusted a pen & paper? That’s not a loan… that’s charity with extra steps! 😂💸
#LoanAgreementIndia #PrivateLoanLawIndia #ContractLawIndia #MoneyLendingIndia #LexisAndCompany

📜 Here’s What the Law Says:
✅ Yes, personal loan agreements between individuals are legal in India
✍️ Even a handwritten or typed document signed by both parties can be enforceable
📅 But it must clearly mention:
– Loan amount
– Date of disbursement
– Repayment terms
– Interest (if any)
– Witness signatures
🧾 Bonus: Add an acknowledgment of receipt and mode of transfer (bank proof preferred)
#PrivateContractIndia #LoanRecoveryIndia #LegalDraftingTips #PersonalLoanTipsIndia #DebtAgreementIndia

⚠️ BUT (and it's a big but)…
❌ If your agreement lacks clarity, proper terms, or is not dated or signed, it’s just a friendly note, not a legal contract
🏛️ Without evidence like bank transactions or written acknowledgment, recovery becomes a courtroom marathon
🕵️‍♀️ Also, avoid lending large sums in cash — it can raise eyebrows under Income Tax Act
#LoanDisputeIndia #RecoverMyMoney #LegalDocumentationIndia #FriendshipVsFinance #MoneyMattersLaw

✅ Benefits of a Proper Loan Agreement:
✔️ Protects your rights in case of non-payment
✔️ Acts as strong evidence in civil recovery suits
✔️ Minimises confusion and personal drama
✔️ Maintains professional boundaries in personal finance
#LoanSafetyTips #MoneyLendingTips #SecureLoansIndia #ContractualProtection #CivilLawIndia

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📣 Thinking of lending money with just “trust”?
Trust us instead. At LEXIS AND COMPANY, we’ll draft rock-solid loan agreements and help you recover what’s yours — minus the drama! 🧾⚖️💪

📞 Call: +91-9051112233
🌐 Website: https://www.lexcliq.com

#LexisAndCompany #ClientQuestionsIndia #LegalLoanAgreements #DebtRecoveryIndia #ContractEnforcementIndia ✅