Laws for stop paying interests of debt
Sir, 5 years ago I took loan from a person and I've been giving interest upon interest and they are refusing to take the principal amount which resulting in never ending loan. Actually after counting I have paid 2x the amount I took from them. Is their any law in which I can stop paying them and nothing happens or do I have to pay them till I die? Please help
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Advocate By LEAD INDIA
Answered: 28 Oct 2023
Yes, there is a law in India that can help you stop paying the loan. It is called the Usury Laws. For further assistance Contact us on helpline number.
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