Documents Required for Money Lender License

The first step is to get the provisional registration for the clinical establishment. Afterwards, when the clinical establishment confirms all the minimum standards as prescribed by the government, it can apply for permanent registration. The documents required for the provisional registration are as follows-

1. Application Form:
1. This is usually a specific form provided by the licensing authority (e.g., Form A).
2. Identity and Address Proof:
1. Passport, Aadhaar card, PAN card, Voter ID, or other government-issued IDs.
2. Proof of residence (e.g., utility bills, passport, or other documents that verify your address).
3. Financial Documents:
1. Audited financial statements (balance sheets, income statements, cash flow statements) to demonstrate financial stability.
2. Evidence of sufficient funds or capital to operate the money lending business.
3. Income tax returns.
4. Bank account details.
4. Business Related Documents:
1. Articles of Incorporation (if you are a company).
2. A business plan outlining your operations and compliance measures.
3. Details of your proposed lending activities.
5. Other Documents: Passport-size photographs, Specimen signatures, and Any other documents as required by the specific regulations in your area.

TESTIMONIAL / SAMPLE LICENSE & DOCUMENTS