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I would not lend it too him. He will not pay you back - your relationship will goto the the shit. Give it to him if you want. You will never see your money again.
If you do loan him the money, make him sign a note and charge him interest. WTF, why would he ask you for an interest free loan - that speaks a lot about him. I would charge him 10% interest. If he does not like it - tell him to go to a bank and ask them for an interest free loan.
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