Loans to illiterate persons: Execution of loan documents

Loans must be made available to illiterate customers as are offered to other customers. Their inability to read the contents of document and execution thereof should not be a criterion for sanctioning/denying a loan. As far as execution of documents there is no distinction under law, between a literate and illiterate person. Therefore, the requirements … Continue reading Loans to illiterate persons: Execution of loan documents