Citizen Media Watch

oktober 8th, 2021

Simple Loan Agreement Malaysia

Posted by lotta

If you`ve already borrowed money and are having trouble collecting payments, read How to Collect Personal Debts from a Friend, Family Member, or Business. Yes, friendly loan agreements are legal in Malaysia. The parties can lend and even collect interest on the loan as long as the lender does not make loans ”as an activity”. Only establishments with the required licences issued under the Moneylenders Act 1951 may carry out money lending operations as businesses. . . .



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