Group Loan
Group Loan
A Group Loan is a financing option designed for a group of eligible applicants who may require financial support for their individual or shared financial requirements. It can help members manage their funding needs according to the applicable loan terms and eligibility criteria.
The loan application process requires relevant documents to verify the identity, address, banking information, and other details of the applicants. Applicants should submit the required documents along with their application for assessment.
Required Documents
Documents Required for Group Loan
Documents Required
- 5 Photographs
- Address Proof
- I.D. Proof
- 2 Stamp Paper of Rs. 50/- in favor of the Applicant
- Bank Statement of last 3 months
- File Charge Rs. 4500/-
- Papers of Property (Khasra, Khaitoni, Registry, Bainama)
Type of Guarantor
- Government Guarantor
- Private Limited Guarantor
- Property Guarantor
Documents Valid as I.D. Proof
- PAN Card
- Voter Card
- Driving License
- Job Certificate (at present) issued from the company in which the Applicant is working
- College Identity Card Etc.