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Updated almost 5 years ago,
What is reasonable interest for loan from family memebers
I am in need of 50k to close the deal and I need to use them approximately 3-4 months tops. I am thinking of reaching out to my family member to loan this amount. What would be reasonable interest I could give on top of the principal amount at the end.
I am thinking of returning the whole amount along with interest as soon as I refinance the house.
Thanks BP !