Top Mahila Group Loan Finance Company: Complete Guide

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“2023 List of Mahila Group Loan Banks: Your Comprehensive Guide”

Mahila Group Loan Finance Company

In this post, you will discover the names of the best banks that provide group loans and learn more about the best Mahila Group Loan Banks in 2023. If you want detailed information about each Mahila Group Loan Finance Company, make sure to read this post to the end. You will also find out about the advantages and disadvantages of each one.

Best Mahila Group Loan Finance Companies in 2023

  • Bandhan Bank Mahila Group Loan
  • AU Small Finance Bank Shamuh Loan
  • Jana Finance Mahila Group Loan
  • Mahila Group Loan Ashirvad Microfinance
  • Ujjivan Small Finance Bank Group Loan
  • Samasta Microfinance Group Loan
  • Arohan Finance Group Loan Apply
  • HDFC Bank Mahila Group Loan
  • Mahila Group Loan Axis Bank
  • How to avail a Group Loan from Fullerton India
  • Utkarsh Small Finance Bank Group Loan
  • Bharat Finance Mahila Group Loan

Documents Required for Mahila Group Loan

When applying for a group loan, you will need to provide the following documents:

  • Aadhar Card
  • PAN Card/Form 60
  • Joint Photo (of the member and the dependent)
  • Income Tax Return
  • Bank Account Number (Customer’s)
  • Proof of Income
  • Consent of the group member on the loan form

Eligibility for Mahila Group Loan

To be eligible for Mahila Group Loan:

  • You must be an Indian citizen.
  • The group you wish to take a loan from should be within a 1 km radius of your home.
  • The applicant’s age must be between 18 and 59 years.
  • You should have a women’s group with 10 to 15 members who can join.
  • Those interested in taking a Mahila Group Loan should have an Aadhar card and PAN card as ID proof and address proof.

How to Obtain a Mahila Group Loan

You can acquire a Mahila Group loan through two methods:

Online Process for Mahila Group Loan

  1. Visit the official website of the bank from which you want to take the group loan.
  2. On the homepage, you will find the option for micro-loans or group loans. Click on it.
  3. Upon clicking on micro-loans, all the information related to the nearest group loan will appear.
  4. After carefully reading and understanding all the information, click on “Apply Now.”
  5. Clicking “Apply Now” will open the online form for the Mahila Group Loan, where you will need to enter the requested information one by one.
  6. Finally, submit the form, and your details will be forwarded to the nearest group loan officer, who will explain all the terms and conditions of the Mahila Group Loan to you, and you will receive your loan.

Offline Process for Mahila Group Loan

  1. To apply for a Mahila Group Loan offline, visit the nearest office of the bank that offers Mahila Group Loans.
  2. Meet with the officer who handles group loans and obtain all the relevant information.
  3. Then, you will need to provide your location to the officer and request the opening of a group.
  4. After fulfilling all the requirements explained by the officer, you will become part of the group.
  5. Once the group is formed, you and your fellow members can submit your loan applications to the officer.
  6. After conducting a house visit for all customers, the officer will approve the loan applications, and you will receive your Mahila Group Loan.

Conclusion

We hope this information about Mahila Group Loan Banks and the application process has been helpful. If you have any questions, please feel free to ask in the comment section below. If you found this article useful, please share it with others.

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