what would be fair and equal terms for a loan of 3000 dollars from a friend? like what is a good time frame for repayment and what is a good interest figure??
2007-02-12 05:10:31 · 3 answers · asked by wr13169 1 in Business & Finance ➔ Credit
your hands to mine!
2007-02-12 05:18:05 · answer #1 · answered by madmilker 3 · 0⤊ 0⤋
Depend on how clost friends you are, how much you can trust each other, and how wealthy the friend is.
if you are close friends, and the guy is not strapped for cash, and can both trust each other you should set a time frame for the entire loan to be paid off.. Say maybe a year.. and then just a flat fee for interest...maybe 100$. Thats what I would do with a close friend I could trust.
2007-02-12 05:27:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
don't do it...it's the best way to ruin a friendship.
2007-02-12 05:18:03 · answer #3 · answered by Cato 4 · 0⤊ 0⤋