10% annual interest, non compound.
With a Promissory note from your family members as additional
security. Promissory note will include repayment monthly schedule
for the family members in the event that the FD is confiscated.
Interest will still be charge on the outstanding amount. The
documents will need to to notorise with all the legal expenses paid
by you.
FD still in my name, with me as Guarantor with the sum of $32k in
the bank to secure the amount.
I can understand the predicament. However, the amount is not a
small sum of $$ and therefore the safeguard.
