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Дата регистрации: 27.03.2018
Trying to set up a loan between an acquaintance and myself, but we don't want to do "interest" in the traditional sense. We would prefer a legally binding contract of some kind for a flat fee kind of loan - borrow 5K and pay back 6K in 6 months. No interest calculations, no installments, just a straight charge of 1K for a 6 month loan.I cannot seem to find anything online that even discusses this kind of agreement, so I'm wondering if it's even legal. I just don't know. I would like to know what this kind of loan term this is called, and then see about finding some loan template forms for us to fill out and sign.Any help would be appreciated?
I didn't find the right solution from the Internet.
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