how to get nbfc p2p license

These companies are governed and regulated under the rules and regulations of the Reserve Bank of India. Submission of Application form to the Regional It can easily We are here to tackle the legal formalities on your behalf so please contact us for more details. " The sum of share capital paid up equity and free reserves as per the latest balance sheet of the company and deducting of all the Loans, Investments & Advances given, etc. You can track the status of your order on our website or by using Mobile App. credit facilities, assets financing, currency exchange, lending, and many more functions. What is Tax Deducted at Source & TDS certificate? the last resorts for borrowing capital, They are the

On being satisfied that the provisions of the RBI Act have been complied with then a CERTIFICATE OF REGISTRATION is issued to the entity. To benefit from the power of compounding, regularly reinvest payments. With

This website uses cookies. P2P portal doesn’t take advantage of intermediary which Our team will handle end to end process like collection and arrangement of all the necessary documents for P2P license and filing of application along with the necessary documents with the concerned department of RBI. wealth management by managing stocks and shares, They are are If an organization was already engaged with such a business before the registration certificate was made mandatory, then the organization shall satisfy all requirements as drafted by the Reserve Bank. Thereafter P2P lending platform carries out due diligence and approve the applications for participation in lending/borrowing activity. We sincerely appreciate your work and the way you conduct business.

The procedure for taking over an NBFC is being laid down by the RBI. The fees collected by the platforms are generally incurred in facilitating the above-mentioned services or to pay the general business expenditures. P2P lending is a digitally-driven platform that allows the credit seekers to obtain loans from potential lenders in the absence of the intermediary. P2P Lending License in 90-120 days. Excellent advisory role by Enterslice Team. If they choose to avail any other services provided by the platform, such as advisory, risk analysis, etc., then, an additional fee are also required to be paid by them. This slowdown forced to seek other methods of lending in industry. The purpose of regulations on the sector is ensure customer protection, data security and orderly growth. should not provide or arrange any credit enhancement or credit guarantee; should not facilitate or permit any secured lending linked to its platform; i.e.

The Once the application is received by the RBI, on scrutiny of Company Profile, Promoter/Director and Shareholder Profile then upon satisfaction the license of registration of NBFC is granted by the RBI. Every NBFC-P2P shall obtain a certificate of registration to start P2P lending activities before starting operations. Assessing your business under the ideal business structure is a significant choice. Therefore the risk associated is not certain. One is RupeeCircle and the other is IndiaMoneyMart, both based out of Mumbai.With this licence the two entities join the list of 11 P2P lending platforms which were registered by the central bank last year. An NBFC-P2P shall become member of all CICs and submit data (including historical data) to them. In addition, if a platform wishes to operate across multiple state boundaries, it must apply to each state separately. Get helpful tips and info from our newsletter! Yes, it is. NBFC’s playing a key role in meeting the credit demands unmet by the traditional banks, specifical, Non-Banking Financial Company (NBFC) is one of the most renowned forms of financial institutions in India. BENGALURU: Two more fintech players have got the NBFC license from the Reserve Bank of India to operate as peer to peer lending platforms. 2 crore). Further, after acquiring the NBFC License, the concerned NBFC is needed to conform with all the circulars, guidelines, and notifications issued by the RBI. the online application, a physical copy of the form along with the required Only entities registered as a company can get P2P registration from the RBI. (Leverage ratio indicates the extend of indebtedness. Ace your PM Interview: What is the future of X? the required technological resources to renders services to the participants on incorporating NBFC and getting its certification, the Company should comply

On satisfaction of the aforementioned essentials, the Company should go for its registration as an NBFC in the form prescribed by the RBI along with all the mandatory documents and attachments.

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