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Is It Wrong To Collect Increment/interest On Loan? - Religion - Nairaland

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Is It Wrong To Collect Increment/interest On Loan? by StarboyMichael(m): 7:17pm On Sep 11, 2015
I am thinking of giving a soft loan to my uncle, not that he asked for it but because I know he needs some cash now. He will use the money for cement business and make profit. And I think its a form of investment for me too. Is it wrong to ask him for a percentage increment on the loan?
Re: Is It Wrong To Collect Increment/interest On Loan? by Jeromejnr(m): 7:20pm On Sep 11, 2015
No. Its business.

He is not in dire need.

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