What can I do if a person from whom I have taken loan bothers me?

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

1 Answer
Only verified advocates can give an answer Sign In
Admin
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.

24x7 Help

If we fall short of your expectation in any way, let us know

Payment Trust

All refunds come with no questions asked guarantee

Talk to Lawyer

Talk Now