Is it risky to borrow money from a loan shark in India, especially if we can’t repay the 4% monthly interest? Can we take any steps to protect ourselves from legal trouble before they take action?
1 Answers
Best Answer
Borrowing from loan sharks in India is extremely risky due to the exorbitant interest rates and potential for violence if repayment is not met. If you are unable to repay, seeking legal advice and reporting the loan shark to the police are vital steps to protect yourself from further harm.
Please login or Register to submit your answer
OR