Rules for holding the minimum interest rate

In respect of any credit transaction between the two parties, the law requires the collection of a minimum interest. The rules for charging the minimum interest rate oblige that even if the lender is not charged interest, the loan will automatically contain an arbitrary rate. The minimum rate rules are, at least in part, designed to prevent excessive redistribution of money between taxpayers using intra-family loans without or below market interest rates.

The rules for holding the minimum interest rate are quite complex and have undergone numerous changes and modifications. There are separate rules for personal and commercial loans, as well as property sales, which are paid by the seller. SHA.