Legal Question in Credit and Debt Law in Guyana
But according to the laws of guyana a money lender should not charge not more than 32 percent per annum for a non secured loan
Asked on 10/21/15, 8:19 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
22.10.2015
Dear Sir / Madam,
In Guyana, I know of money lenders who charge 3% per month i.e 36% per annum.
Regards,
Answered on 10/22/15, 5:39 am
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