Self Employed - How To Join

Easy Access Simple eligibility criteria, logical documentation and quick processing.

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Know Your Group Know the details of other members of your group to assess the individual risk.

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Pay at your convenience Internet banking, Debit card, or request for FREE cash pick-up.

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Online Auctions Participate in monthly scheduled auctions from anywhere in the world.

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Quick Disbursements Loan disbursement within 7 business days of submitting required docs.

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Professional Networking Connect with like minded professionals and leverage the contacts.

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  1. You should be the resident of respective state, where we are operating in the respective Jurisdiction of Registrar of Chits.
  2. Choose a fund of your choice and apply online or request call back or call us on toll-free to meet our advisor in person or at our office.
  3. After obtaining necessary information, you should fill the application for enrolment and as well sign the Group Fund agreement, which will be registered with Registrar of Chits in our local Jurisdiction.
  4. Pay the first month contribution through cheque or DD and hand over the same along with above documents. You will be given a temporary receipt followed by which all the receipts for subsequent payments are available online for digital download.
  5. Upon filing your application, you shall receive a verification call from our operations team to confirm the details provided in your application.
  6. Soon after this you should receive login credentials for our self-service portal, which is the single window for all transactions henceforth.

In case your fund objective is borrowing, please make sure that you have the following documents ready before you participate in next auction. This helps you to avail the loan within 30 business days from the date of submission:

ID Proof Passport/PAN/Driving License/Voter Card
Permanent Residence Proof Passport/Insurance Policy/Ration Card/Utility Bill
Current Residence Proof Utility Bill/Rental Agreement/Rental Receipt
Proof of Education Copy of Recent Education Qualificationt
Proof of Practice Confirmation Letter on Letter Head
IT Returns Last 1-3 Years*
Bank Statement Last 3-6 months*
3 Guarantors To assure compliance with the objectives and purpose of GroupFund, we accept the guarantors to be individuals of any profession/occupation/relation, but they should be permanent residents and possess own residence in the respective state where we are operating from. Our relationship manager will brief you the documents required from the guarantors for the purpose of verification and validation.
 

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