Group Loan

Documents required for Group Loan

Group Loans are designed to support individuals who come together as a group to meet financial needs that may be difficult to manage alone. Whether it’s for small business expansion, community projects, education, medical expenses, or family functions, group loans make it easier to access credit collectively. The process is simple and requires basic documentation to verify details like income, age, address, and employment. By pooling resources and sharing responsibility, group loans provide financial support with easier repayment options and build mutual trust among members.

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/-.
  • Last two month of salary slip.
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 company in which Applicant Working
  • College Identity Card Etc.