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Money Lender License

A money lender is someone who lends small amounts of money at a higher rate of interest. No money-lender shall carry on the business of money-lending except in the area for which he has been granted a license and except in accordance with the terms and conditions of such license.
Any individual who is having clean track record and willing to apply for money lending license needs to prove required conditions as mentioned in the act.

Steps to form a Money Lender License

Visit the
tahsildar office
Enter all
the details
Form a
submission
Payment
of fees

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Procedure

Documents Required For Obtaining License From Government Authority

Documents

  • Form A- application form
  •  Passport size photograph
  •   Three specimen signature mentioning Money Lenders name or his nominee
  • Self-attested Pan card and Aadhar card
  • Date of commencement of business
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