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| Author | loan |
|---|
Can I take multiple loan from same person in order to pay the old loan?
example: I take loan from my friend of 50,000 and in the end of month I am not able to pay it...
So I take another loan from him of 50,000 and pay him old 50,000 loan.
Thus I get 1 more month to pay the loan.
Is the above example possible and legal? | | No, take loan from someone else to pay that loan | are you sure?
If the loan are within limits too(CL*10000) | | Then yes | answer from senior sage: it is illegal
take note of the 1 month return rule is refer to your treasury status.
IF you have a loan, your status=in loan
this status must be reset in 1 month
you will reset the status once you return
and if you still take loan before reset status
your duration still remain as previous date
and it will caught you into a black hole later |
This topic is long since last update and considered obsolete for further discussions.
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