Meghalaya - Apply for Money Lender (Loner) Licence

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Procedure

Apply In-Person:

1. To Apply for Money Lender Licence, Applicant has to approach DC Office
2. Application form should be obtained from the concerned office or can be written application in white paper.
3. Fill up the application form appropriately along with the necessary details.
4. Please make sure you have all the documents listed in the “Required Documents” section of this page.
5. Pay the required amount of fees as per the authority instructions.
6. Submit the application form along with the required documents to the concerned authority.
7. Authority will verify the document and will do the local enquiry for the process.
8. Upon the satisfaction, authority will provide Money Lender Licence

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Required Documents

• Completed Application
• Aadhaar card
• Address Proof
• Ration card
• Self-Declaration
• Passport size photo
• Bank Pass Book or Account Detail
• Fees Detail (if DD)

Office Locations & Contacts

Deputy Commissioner
Office of Deputy Commissioner
Secretariat Hills, Shillong, Meghalaya 793001
Phone: 0364 222 4003
Contact Link: Link

Eligibility

• The applicant must be above the age of 18.
• The applicant must be the resident of Meghalaya.
• The applicant should not knowingly participate in any fraud or dishonesty or be associated with the payment business.

Fees

Pay the required amount of Fees as per the instructions.

Validity

• Usually the license needs to be renewed annually.

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

FORM OF APPLICATION FOR THE GRANT OF MONEY LENDERS LICENCE:

1. Name of the applicant :
2. Address in full(any subsequent change should be notified) :
3. Father’s Name :
4. If the applicant is a native of Indian State :

   (i) Full address in such Indian State;and

   (ii) Details of immovable properties owned

   insuch states by the applicant, with

   their estimated value.

5. Address of the shop or place of business in  :

   respect of which the licence is applied for

   (Any subsequent change should be notified)

6. If the applicant has more than one shop or  :

   place of business, the address for each such

   shop or place of business

7. Has the applicant applied for a separate  :

   licence in respect of each shop or place of

   business mentioned against ithem 6 and if

   so with what result?

8. Date of commencement of business  :
9. Financial year for which the licence is applied for  :
10. The amount of money proposed to be lent during  :

    the financial year.

11. Has the applicant paid the prescribed fee  :

    for the licence (The chalan receipt or other

    evidence of payment of fee should be enclosed)

12. Whether the declaration in Form AAA has  :

    been appended.

Signature of the applicant.

I declare that the particulars stated above are correct to the best of my knowledge and belief.

Signature of applicant.

Processing Time

It takes about 3 to 4 months to complete the process.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908.

Required Information

• Applicant name.
• Father’s Name
• Contact No
• Email ID.
• Address Details.

Need for the Document

• Any individual or a firm indulges in money lending business has to follow the interest rate advised, tenure for the loan etc.
• This licensing process gives the applicant all vital information to be followed.

Information which might help

Enter other informations which might help.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Place some external links which might help.

Others

More information which might help people.