Services
GROUP LOAN (JLG)
Empowering Communities with Joint Liability Loans
Our Group Loan (Joint Liability Group) is designed to help self-help groups, women entrepreneurs, and cooperative units access capital together. Ideal for community-based ventures and micro-businesses, this service includes:
- Peer-guaranteed loans
- Flexible repayment (weekly/monthly)
- Optional training and workshops
Documents Required
- Passport-size photo of each group member
- KYC Documents: Aadhaar + Voter ID / PAN / Passport / DL
- Credit bureau & AML check
- Group recommendation from managing committee
- Business venue verification (if applicable)
Additional JLG Requirements
- Group guarantee agreement (Inter-se agreement)
- Guarantee forms
- Statutory declaration for onboarding (if digital)
Steps to Apply
- Visit the nearest LENDAXA branch or contact a Relationship Manager
- Collect the JLG Loan form
- Submit filled form + documents
- Approval in 2–7 business days
