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[Cites 0, Cited by 5] [Section 2] [Entire Act]

State of West Bengal - Subsection

Section 2(8) in The Bengal Money-Lenders Act, 1940

(8)"interest" includes any sum by whatsoever name called, in excess of the principal paid or payable to a lender in consideration of, or otherwise in respect of, a loan whether the same is charged or sought to be recovered specifically by way of interest or otherwise, but does not include any sum lawfully charged by a lender in accordance with the provisions of this Act or any other law for the time being in forec for or on account of costs, charges or expenses;