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Precautions and documents needed before lending money to a friend

Hi,

One of my friends wants to borrow AED 12000 from me. Can you advise me what are the documents I should take from him?

Regards,

C. T.

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13 Jul 2020, 07:57

Dear questioner,

You can take a security cheque for the amount lent to him. Along with that, you can take an undertaking from him that he will be returning this amount on a particular date.

Further, please don't forget to take his Emirates ID copy and passport copy as well.

If need be, kindly contact us by phone for a detailed discussion or write us at our email for further assistance.

13 Jul 2020, 08:16

Thank you for your advice.

Regards,

C. T.

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