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Transferring loan given by a individual to someone else

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(Querist)
01 January 2020 Unsecured loan was given by a individual to a partnership firm.

Now the individual wants to transfer the loan in favour of someone esle.
What to do....
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Asha Kanta Sharma

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Asha Kanta Sharma (Expert)
23 May 2020 In such cases, the transfer of money is usually based on mutual trust. However, if any such loan is accompanied by a legal document, then the repayment liability will depend on the required clause mentioned in the document

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