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Are you thinking of starting a housing finance company (HFC) registration? Let Enterslice help you with the application, corporate governance, documentation, RBI regulatory filings, and MCA compliance. Leading the industry with a 75% market share.
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Why a Compliance Partner Registration Requirements Capital & Net-Worth Governance Documents Required Registration Procedure Timeline Ongoing Compliance Risks to Avoid Our Services Who Should Consider Why Trust Enterslice FAQs Schedule Meeting An Overview of the Housing Finance Company (HFC) Registration Process The housing finance company (HFC) registration process helps businesses that are either planning or seeking out opportunities in housing lending or loans in India. Investors who are considering a venture must meet all the RBI requirements before they move forward with the formal application. As an NBFC consultant with over a decade of experience, we first assess eligibility, identify any gaps, suggest solutions, and move ahead with RBI-graded documentation and application to avoid any delays. So, whether you want to set up a new HFC or expand your existing lending business/NBFC, our team will guide you throughout the process. Get in touch with us to know more about RBI master directives for housing finance company (HFC) registration fees. Join The Club Of 90+ HFCs Backbone And Spinal Cord of the Home Loan Ecosystem In India Full IT Infrastructure Support for STR Monitoring End-To-End Support from Committee Formation to Governance Deadline Renewals and Due Date Tracking for RBI Reporting CA-Led Financial Statement Audits Enterslice's Engagement for Housing Finance Company (HFC) Registration Compliance Our engagement for housing finance company (HFC) registration starts with an initial consultation, a written proposal within 48 hours, execution as per the agreed-upon timeline, and ongoing support year after year (always renewable), with the first year free. You always hear from us before a deadline approaches. Connect With Our Expert Now Why Do You Need an RBI Housing Finance Company (HFC) Registration Compliance Service Provider? Here are a few reasons you need consulting services for RBI housing finance company (HFC) registration: Avoid Rejections Businesses can avoid rejections by partnering with Enterslice for accurate, compliant documentation. An application can be rejected for something like a miscalculated NOF, wrong AML policy, or incorrect KYC of promoters. Ease of Registration A consultant makes the entire registration easy through timely submission and follow-ups with the Reserve Bank of India because you cannot operate as an HFC without getting a certificate of registration from the RBI. Helps With Strict Structuring Requirements A consultant can help you accurately structure your capital in a way that aligns with the RBI rules: your total assets must be at least 60% in housing finance, and 50% of those must be dedicated specifically to individual housing finance. Net Owned Funds Requirement Our CAs and CFOs help businesses calculate the net owned funds, plan capital infusion, and meet the high capitalization CRAR ratio and benchmarks set by the RBI with ease, so there's no last-minute confusion or issues. Heavy and Complex Regulation Registering as a housing finance company is not the same as incorporating a company with MCA. You'd be dealing with the Reserve Bank of India and National Housing Bank. With the help of a professional, you can clearly understand the expectations for business plans, promoter disclosures, and governance. Seamless Access to Refinance and Institutional Funding Once you are officially functioning and operating as an NBFC, you can easily access low-cost refinance facilities via the National Housing Bank, other banking institutions, and capital markets, lowering the cost of funding. Error-Free Prudential and Governance Setup With Enterslice registration services, you can easily manage reporting systems, fair practice codes, grievance redressal mechanisms, and accounting compliance, as required by the RBI, without any difficulty. Know the Housing Finance Company (HFC) Registration Requirements Before Formally Applying Thinking of starting a housing finance company (HFC)? Find out what you need before you officially apply for housing finance company (HFC) registration requirements: Make sure you meet the required NOF and capital needs. A detailed business plan with projections for at least five years. All directors must go through full criminal and financial background checks. Make sure you have adequate capital to continue functioning as an HFC. A proper corporate governance and risk management framework is needed. Submit the documents and application through courier or speed post to your nearest regional RBI office. Sounds too complex and exhausting, right? Let Enterslice experts take over for you. Book a 1:1 Virtual Meeting Capital and Net-Worth Requirements for RBI Housing Finance Company (HFC) Registration Understand your capital and net-worth requirements for RBI housing finance company (HFC) registration: All HFCs are required to hold INR 20 crore as net owned funds. You will have to back your NOF through a licensed auditor. Maintain a 15% capital adequacy ratio (CRAR) throughout your operations as an HFC. As an HFC, you must maintain a 10% ratio of risk-weighted assets alongside the 15%. housing finance ≥60% of total assets; individual housing finance ≥50% of total assets, net of intangible assets. Governance for RBI Housing Finance Company (HFC) Registration Let us help you develop policies, committees, and corporate governance for RBI housing finance company (HFC) registration: Appoint a chief risk officer with proper role and responsibilities per experience. Criminal and bankruptcy background checks to satisfy the fit and proper criteria. Establish a nomination and remuneration committee and compensation policy. Risk management and investment policy as per the capital adequacy and (SSE). Fair practices code and an interest rate model for loan terms. A realistic policy for property or fixed asset valuation. An internal complaint handling mechanism for customers. A loan monitoring system, including NPA assets. Record-keeping and statutory registers. Transparent financial, auditing, and accounting reporting practices. Form an audit, risk management, IT strategy, and asset-liability and interest rate pricing committee. What Documents Do You Need for Housing Finance Company Registration? While the actual checklist for your paperwork depends on your company's structure and size, among other things, here's a list of the most common documents that you need for housing finance company registration: Certificate of company registration MOA and AOA A board resolution that approves your HFC application. Audited financial statements Auditor's certificate A certificate confirming the NOF by the statutory auditor Complete details on shareholders, directors, and promoters KYC of all key managerial staff A detailed business plan with a market intelligence report Description of activities and forecasted projections A banker's certificate that certifies the bank statements and fund availability Declaration confirming RBI compliance Let us help you get your statutory audit certificate today for housing finance company (HFC) registration. Book a Virtual Consultation Now How to Apply for Housing Finance Company (HFC) Registration with Enterslice? Let us help you apply for housing finance company (HFC) registration with Enterslice: Register Your Company If you aren't already a registered company, then we will incorporate you with the MCA and ROC. Draft your memorandum/articles as per the RBI rules and register you for TAN, PAN, and GST (if needed). We also help you open a company bank account. Capital Structuring We help you calculate your capital, net owned funds, assets, and liabilities as required by the RBI. Our associates make sure you receive the statutory auditor's certificate and a banker's certificate of "no lien" or net owned funds. Start Your Legal and Regulatory Paperwork Our legal and NBFC experts prepare your policies, business plan, KYC, AML, CFT, risk management framework, and other declarations. After preparing all the paperwork, we compile it as needed by the central banking authority. Online and Courier Submission We enrol you with the RBI PRAVAAH portal and submit the application along with the documents through it. Apart from the remote filing, we also courier or speed post them to the relevant regional RBI office where your company is situated. Follow-ups The RBI would request additional documents or seek clarifications on your application. We will monitor it in real-time and make sure to respond as promptly as possible after consulting with you. Grant of Registration The RBI will sign off on your application and grant you the certificate of Housing Finance Company (HFC) registration. Now we move forward with making your customized compliance calendar, statutory audit reporting system, and prudential return submission mechanism. Not Sure Where to Start with Housing Finance Company (HFC) Registration Compliance? Let our experts' smooth things out for you with our Housing Finance Company (HFC) Registration Compliance services. Free 30-Min Advisory Call CFO and CA-led Audits and Filings Book a 1:1 Virtual Call What is the Timeline for Housing Finance Company (HFC) Registration Process? Your timeline for the housing finance company (HFC) registration process depends on the completeness and accuracy of your documentation. Here's a standard timeframe: Registration of the Company and Capital Structuring: 4 to 8 Weeks Incorporate your company, open a business bank account, register for PAN, TAN, and GST while meeting the net owned funds requirement of INR 20 crore. Paperwork: 4 to 9 Weeks Prepare and compile all the policies, framework, corporate documents, business plan, financial projections, fit & proper declarations, and statutory audit certificates. Form Committees: 3 to 4 Weeks Make sure to form committees on audit, NRC, risk management, grievance redressal, asset-liability, nomination & remuneration, and customer service. Apply to the RBI: 1 to 2 Weeks File your application with documents and submit them through the PRAVAAH portal. Once you are done with the remote submission, make sure to send a hard copy either through a courier or Speed Post. Inspection by the NHB: 1 to 3 Weeks While the approval is granted by the RBI, the National Housing Bank does the inspection and supervision on behalf of the central banking authority. Enterslice ground support and local team helps coordinate physical and on-site inspections in 20+ states and UTs. Approval by the RBI: 2 to 3 Weeks After careful consideration and receiving the report from the National Housing Bank, the RBI will approve your application and grant you the Certificate of Registration. Start Your Compliance: Ongoing After receiving your grant of Housing Finance Company (HFC) Registration, you should get started on the compliance, reporting obligations, and filings as per the deadline as an HFC. An Indicative Ongoing Housing Finance Company (HFC) Registration Compliance Compliance Type Frequency RBI Regulatory Returns Monthly, Quarterly, Half-Yearly, and annually Net Owned Funds and capital adequacy ongoing Registration with FIU-Ind Not needed separately Principal Officer Appointment Management-level principal officer nominated by the HFC KYC/AML Periodic assessments and ongoing compliance with notifications to the RBI and FIU-India (event-based) Statutory Audit/Financial Statements Statutory Audit- Annually; financial reporting as applicable Audit and internal control review Periodically and yearly Asset and liability management monitoring Monthly and when needed MCA and ROC filings like AOC-4, MGT-7, MGT-7A Annually before the deadline Board meetings As per your company's structure and the Companies Act Income tax returns and advance tax Quarterly and annually TDS returns and deposits TDS Deposits- generally monthly, TDS Statements- quarterly GST Returns, refunds, and credit claims Monthly, quarterly, and annual Fair practice code review Ongoing with regular updates/checks Consumer grievance tracking Continuous checks with periodic reviews Internal audit and risk management As per the RBI guidelines and MCA Change in director, shareholding patterns, company name, or service offerings Prior approval is needed before changes. Office change or update in beneficial ownership Event-based filings: intimate the authorities before you change or update Director KYC (DIR-3 KYC) Annually, generally by 30 September Statutory auditor certificate As per the RBI deadline Review of policies Annually RBI inspections and query resolution Event-based Each client of Enterslice gets their own personalized calendar following their Housing Finance Company (HFC) Registration. Risks You Can Avoid During Housing Finance Company (HFC) Registration Compliance Work with Enterslice to avoid the following risks during Housing Finance Company (HFC) Registration Compliance: Incomplete or incorrect documentation. Regulatory filing errors Inadequate capital ratio issues Ineligibility of directors due to inefficient KYC. Governance gaps due to missing policies or committees. Reporting and late-filing violations, hefty penalties, and incorrect submissions. Inaccurate regulatory interpretation leading to legal disputes and lawsuits. Revocation of registration due to non-adherence to overall RBI master directives. Enterslice's Scope of Housing Finance Company (HFC) Registration Compliance Services Our comprehensive scope of Housing Finance Company (HFC) Registration Compliance services includes: Eligibility Checks We don't register your company right away. Our team conducts a thorough review of the company's structure, ownership, promoters, funds, and proposed activities to make sure you don't face any delays. Document Review Our legal team and NBFC professionals check or prepare the company's MOA, AOA, shareholder agreements, board resolutions, KYC details, beneficial owners, and related paperwork to avoid issues before the application is submitted to the RBI. Capital Adequacy Checks We review the company's financial statements, bank records, capital/fund details, and source of funds to check whether the company meets the RBI regulations for the NOF mandate. Get your CA-led net owned fund calculations. Promoter and Director KYC Enterslice consultants collect and review KYC, background, experience, and declarations of promoters and directors to make sure nothing is missing or incorrect, saving companies from potential rejections due to "fit and proper" inaccuracies. Business Plan Drafting We don't just make your business model, but help you plan it through careful market intelligence, consumer segment research, forecasting, funding sources review, expected income analysis, and financial projections to align with your company's proposed activities. Online Application Our associates prepare your application and attach the supporting documents while making sure the details are consistent and aligned with the RBI. They continuously monitor your application to make sure you don't face any rejections or delays caused by unanswered responses to follow-ups. Policies and Governance Support We help you prepare policies and corporate governance for risk management, KYC, fair practices, lending risk, internal controls, data protection, AML, CFT, and related regulatory requirements as needed by the RBI. Query and Liaison Support We live-track your application and also assist during the on-site inspection to provide clarifications, send additional documents, and answer every query that the RBI and NHB may have regarding your application. Registration Follow-ups To make sure you never miss any updates regarding your application for housing finance company registration, and to rectify or clarify issues with the RBI. Post-Registration Support Our consultants prepare personalized compliance calendars, reporting deadline tracking, policy reviews, board approvals, MCA/ROC returns, tax reporting, and annual financial statement audits to meet RBI mandates as part of the HFC compliance. Who Should Consider a Housing Finance Company (HFC) Registration? Don't know for sure if you're suitable for the housing finance sector? Take a look at the list below of persons who should consider a housing finance company (HFC) registration: Promoters thinking of entering the home loan or mortgage financing. Real estate group developers seeking captive housing finance. Financial groups that now want to expand into individual housing finance. Any investor that wants to grow through a regulated platform. Schedule a Meeting Why Trust Enterslice for Housing Finance Company (HFC) Registration Compliance? Work with experienced advisors who understand the RBI-regulated entity and ongoing compliance for Housing Finance Company (HFC) Registration. Key reasons to trust Enterslice for housing finance company (HFC) registration compliance are mentioned below: 15+ Years of Incorporation, Tax, Audit, Sector-Licensing, And Advisory Experience 100+ PAN-India NBFC Experts In 20 States and UTs for Local Support Clear Pricing with No Additional Charges 96% Client Retention Rate Free 30-Min Review of Your Financial Health Before We Onboard You From Business Plan to Corporate Declarations and MCA Filings Before HFC Personal 12-Month Compliance Calendar for Each Client Full Regulatory Focus and Alignment with Companies Act, ROC, NHB, And RBI ROC Filings, Board Documentation, Share Capital Changes, And Event-Based Submission Tax Advisory for Setup, Return Compliance, TDS Processes, and GST Applicability Review Virtual CFO To Advise You on Capital, Reporting Systems, And Compliance Workflows Need Help with Housing Finance Company (HFC) Registration? Speak with Enterslice's network of ex-NBFC professionals and Current Lawyers. Specialized Advisory Session Empowering businesses in more than 9,000 PIN codes in India Start Your HFC Registration FAQs on Housing Finance Company (HFC) Registration Compliance What activities can I undertake through my housing finance company? Some core activities include direct home loans, home construction & extension loans, renovation loans, plot purchase loans, real estate project financing, and indirect housing. You can also undertake some non-housing activities: loan against property (LAP), top-up loans, balance transfers, housing loan insurance, commercial premises purchase/construction, commercial premises purchase, and lease rental discounting. Rest assured, our associates will help you align your activities as per the RBI. What documents do you need for Housing Finance Company Registration? To prepare your policies, corporate documents, and related paperwork, we need details on your proposed business activities, information on your shareholders, ownership structure, base business plan, market target, financial statements, bank records, beneficial owners, asset types, and fund resources. Get detailed analysis now. How much net owned funds are needed for a housing finance company registration? You need at least INR 20 crore as NOF. housing finance ≥60% of total assets; individual housing finance ≥50% of total assets, net of intangible assets. The limit is set by RBI, so all companies are required to follow it. How do I apply for the housing finance company registration? Just contact Enterslice, and one of our consultants will discuss the strategy with you, including activities under the HFC, capital availability, fund sources, and some other basic details on the company structure. We start the process by registering your company (if not done already), then assist in getting PAN, TAN, GST, and opening a bank account. From preparing your policies to support during the committee formation, we take care of your approvals and compliance from start to end. How long does the RBI Housing Finance Company (HFC) Registration process take? You can expect around 6 to 12 months, depending on how the inspection goes, the type of RBI queries, and the overall review. To make sure you don't get stuck in a loop of never-ending follow-ups, make sure to get professional assistance from us because we not only assist you with housing finance company (HFC) registration compliance, but also make sure you don't have to reschedule your business launch. How much Capital adequacy ratio (CRAR) is needed by an HFC? You need to maintain at least 15% of the risk-weighted assets and risk-adjusted off-balance-sheet items, and 10% of the required CRAR should be covered by Tier 1 capital, consisting of core capital like equity and eligible reserves. For example: a company has INR 100 crore in risk-weighted exposure; it needs around INR 15 crore in eligible regulatory capital, including INR 10 crore in Tier 1 capital. Can I change the ownership or shareholding of my HFC? Absolutely, you can change or update the owners or shareholding structure of your company, but not before you get approval from the RBI, given the complex and regulatory-strict landscape and lending ecosystem. How can an existing company convert its business to a housing finance company? Well, the company must check if it is eligible under the Reserve Bank of India regulations as an HFC. At least 60% of your company's assets must be reserved for providing housing finance, of which 50% should be extended to individual housing. For more details on eligibility, book an appointment and find out how we help you cross every hurdle to the finish line without delays. Are there any penalties if I don't comply with Housing Finance Company regulations? Yes, if you fail to comply with RBI or NHB, then you will have to face: Fines between INR 2,000 and INR 5,000 for minor issues like delayed reporting or non-maintenance of funds. Regulatory penalties of INR 10,000 to INR 50 lakhs in case of serious KYC, risk category lapse, governance issues, fair practice issues, non-disclosure of interest rates, and management-related violations. Apart from monetary penalties, you may be subjected to show cause, demand, legal, and recovery notices. Also, you may have to go through supervisory inspections, lawsuits, and corrective actions, which could lead to more time wastage along with higher administrative costs. How can a Housing Finance Company maintain ongoing regulatory compliance? With the help of a professional compliance expert, an housing finance company can maintain compliance with ease, meaning no revocation of license, fewer chances of penalties, fewer inspections, and less frequent surprise assessments. We help you file your returns through a proper compliance dashboard that keeps track of your return due dates, so there is less chance of missing out on any important RBI regulatory filings, regular review of your corporate governance, internal assessments of compliance controls, and audit support. Related Services NBFC Registration Business Plan NBFC Software NBFC Annual Compliance Money Changer Compliance Funding in NBFC NBFC Takeover Prepaid Wallet License Payment Bank License Peer to Peer Lending License IRDA Insurance License Registration of Mutual Fund with SEBI Our Awards Top 100 Companies in Asia - Red Herring Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work. Top 25 in India - Consultants Review Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers. -- Testimonials Don't take our word for it CEO - Solarix Enterslice and Its team made starting my company and running very easy. Their contribution in raising funds was immense. I highly recommend Enterslice to any one who wants to start a business in India. Thank you guys keep up the good work. Pradeep Khanna F Salon Paris Very professional services. I am highly impressed by their courteous and client oriented attitude. Col. Gautam Singh Haiden Group - UAE Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters. Akash Deep I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice. Prashant Tipanis I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry. Manish Pandy They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model. Ketan Shukla Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements. Arun Mahadik I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already. Leena Krishnan I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience. Antonio Colella Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing. 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The housing finance company (HFC) registration process helps businesses that are either planning or seeking out opportunities in housing lending or loans in India. Investors who are considering a venture must meet all the RBI requirements before they move forward with the formal application.
As an NBFC consultant with over a decade of experience, we first assess eligibility, identify any gaps, suggest solutions, and move ahead with RBI-graded documentation and application to avoid any delays.
So, whether you want to set up a new HFC or expand your existing lending business/NBFC, our team will guide you throughout the process. Get in touch with us to know more about RBI master directives for housing finance company (HFC) registration fees.
Join The Club Of 90+ HFCs
Backbone And Spinal Cord of the Home Loan Ecosystem In India
Full IT Infrastructure Support for STR Monitoring
End-To-End Support from Committee Formation to Governance
Deadline Renewals and Due Date Tracking for RBI Reporting
CA-Led Financial Statement Audits
Our engagement for housing finance company (HFC) registration starts with an initial consultation, a written proposal within 48 hours, execution as per the agreed-upon timeline, and ongoing support year after year (always renewable), with the first year free. You always hear from us before a deadline approaches.
Here are a few reasons you need consulting services for RBI housing finance company (HFC) registration:
Businesses can avoid rejections by partnering with Enterslice for accurate, compliant documentation. An application can be rejected for something like a miscalculated NOF, wrong AML policy, or incorrect KYC of promoters.
A consultant makes the entire registration easy through timely submission and follow-ups with the Reserve Bank of India because you cannot operate as an HFC without getting a certificate of registration from the RBI.
A consultant can help you accurately structure your capital in a way that aligns with the RBI rules: your total assets must be at least 60% in housing finance, and 50% of those must be dedicated specifically to individual housing finance.
Our CAs and CFOs help businesses calculate the net owned funds, plan capital infusion, and meet the high capitalization CRAR ratio and benchmarks set by the RBI with ease, so there's no last-minute confusion or issues.
Registering as a housing finance company is not the same as incorporating a company with MCA. You'd be dealing with the Reserve Bank of India and National Housing Bank. With the help of a professional, you can clearly understand the expectations for business plans, promoter disclosures, and governance.
Once you are officially functioning and operating as an NBFC, you can easily access low-cost refinance facilities via the National Housing Bank, other banking institutions, and capital markets, lowering the cost of funding.
With Enterslice registration services, you can easily manage reporting systems, fair practice codes, grievance redressal mechanisms, and accounting compliance, as required by the RBI, without any difficulty.
Thinking of starting a housing finance company (HFC)? Find out what you need before you officially apply for housing finance company (HFC) registration requirements:
Sounds too complex and exhausting, right? Let Enterslice experts take over for you.
Understand your capital and net-worth requirements for RBI housing finance company (HFC) registration:
Let us help you develop policies, committees, and corporate governance for RBI housing finance company (HFC) registration:
While the actual checklist for your paperwork depends on your company's structure and size, among other things, here's a list of the most common documents that you need for housing finance company registration:
Certificate of company registration
MOA and AOA
A board resolution that approves your HFC application.
Audited financial statements
Auditor's certificate
A certificate confirming the NOF by the statutory auditor
Complete details on shareholders, directors, and promoters
KYC of all key managerial staff
A detailed business plan with a market intelligence report
Description of activities and forecasted projections
A banker's certificate that certifies the bank statements and fund availability
Declaration confirming RBI compliance
Let us help you get your statutory audit certificate today for housing finance company (HFC) registration.
Let us help you apply for housing finance company (HFC) registration with Enterslice:
If you aren't already a registered company, then we will incorporate you with the MCA and ROC. Draft your memorandum/articles as per the RBI rules and register you for TAN, PAN, and GST (if needed). We also help you open a company bank account.
We help you calculate your capital, net owned funds, assets, and liabilities as required by the RBI. Our associates make sure you receive the statutory auditor's certificate and a banker's certificate of "no lien" or net owned funds.
Our legal and NBFC experts prepare your policies, business plan, KYC, AML, CFT, risk management framework, and other declarations. After preparing all the paperwork, we compile it as needed by the central banking authority.
We enrol you with the RBI PRAVAAH portal and submit the application along with the documents through it. Apart from the remote filing, we also courier or speed post them to the relevant regional RBI office where your company is situated.
The RBI would request additional documents or seek clarifications on your application. We will monitor it in real-time and make sure to respond as promptly as possible after consulting with you.
The RBI will sign off on your application and grant you the certificate of Housing Finance Company (HFC) registration. Now we move forward with making your customized compliance calendar, statutory audit reporting system, and prudential return submission mechanism.
Let our experts' smooth things out for you with our Housing Finance Company (HFC) Registration Compliance services.
Your timeline for the housing finance company (HFC) registration process depends on the completeness and accuracy of your documentation. Here's a standard timeframe:
Incorporate your company, open a business bank account, register for PAN, TAN, and GST while meeting the net owned funds requirement of INR 20 crore.
Prepare and compile all the policies, framework, corporate documents, business plan, financial projections, fit & proper declarations, and statutory audit certificates.
Make sure to form committees on audit, NRC, risk management, grievance redressal, asset-liability, nomination & remuneration, and customer service.
File your application with documents and submit them through the PRAVAAH portal. Once you are done with the remote submission, make sure to send a hard copy either through a courier or Speed Post.
While the approval is granted by the RBI, the National Housing Bank does the inspection and supervision on behalf of the central banking authority. Enterslice ground support and local team helps coordinate physical and on-site inspections in 20+ states and UTs.
After careful consideration and receiving the report from the National Housing Bank, the RBI will approve your application and grant you the Certificate of Registration.
After receiving your grant of Housing Finance Company (HFC) Registration, you should get started on the compliance, reporting obligations, and filings as per the deadline as an HFC.
Each client of Enterslice gets their own personalized calendar following their Housing Finance Company (HFC) Registration.
Work with Enterslice to avoid the following risks during Housing Finance Company (HFC) Registration Compliance:
Our comprehensive scope of Housing Finance Company (HFC) Registration Compliance services includes:
We don't register your company right away. Our team conducts a thorough review of the company's structure, ownership, promoters, funds, and proposed activities to make sure you don't face any delays.
Our legal team and NBFC professionals check or prepare the company's MOA, AOA, shareholder agreements, board resolutions, KYC details, beneficial owners, and related paperwork to avoid issues before the application is submitted to the RBI.
We review the company's financial statements, bank records, capital/fund details, and source of funds to check whether the company meets the RBI regulations for the NOF mandate. Get your CA-led net owned fund calculations.
Enterslice consultants collect and review KYC, background, experience, and declarations of promoters and directors to make sure nothing is missing or incorrect, saving companies from potential rejections due to "fit and proper" inaccuracies.
We don't just make your business model, but help you plan it through careful market intelligence, consumer segment research, forecasting, funding sources review, expected income analysis, and financial projections to align with your company's proposed activities.
Our associates prepare your application and attach the supporting documents while making sure the details are consistent and aligned with the RBI. They continuously monitor your application to make sure you don't face any rejections or delays caused by unanswered responses to follow-ups.
We help you prepare policies and corporate governance for risk management, KYC, fair practices, lending risk, internal controls, data protection, AML, CFT, and related regulatory requirements as needed by the RBI.
We live-track your application and also assist during the on-site inspection to provide clarifications, send additional documents, and answer every query that the RBI and NHB may have regarding your application.
To make sure you never miss any updates regarding your application for housing finance company registration, and to rectify or clarify issues with the RBI.
Our consultants prepare personalized compliance calendars, reporting deadline tracking, policy reviews, board approvals, MCA/ROC returns, tax reporting, and annual financial statement audits to meet RBI mandates as part of the HFC compliance.
Don't know for sure if you're suitable for the housing finance sector? Take a look at the list below of persons who should consider a housing finance company (HFC) registration:
Work with experienced advisors who understand the RBI-regulated entity and ongoing compliance for Housing Finance Company (HFC) Registration. Key reasons to trust Enterslice for housing finance company (HFC) registration compliance are mentioned below:
Speak with Enterslice's network of ex-NBFC professionals and Current Lawyers.
Some core activities include direct home loans, home construction & extension loans, renovation loans, plot purchase loans, real estate project financing, and indirect housing.
You can also undertake some non-housing activities: loan against property (LAP), top-up loans, balance transfers, housing loan insurance, commercial premises purchase/construction, commercial premises purchase, and lease rental discounting.
Rest assured, our associates will help you align your activities as per the RBI.
To prepare your policies, corporate documents, and related paperwork, we need details on your proposed business activities, information on your shareholders, ownership structure, base business plan, market target, financial statements, bank records, beneficial owners, asset types, and fund resources. Get detailed analysis now.
You need at least INR 20 crore as NOF. housing finance ≥60% of total assets; individual housing finance ≥50% of total assets, net of intangible assets. The limit is set by RBI, so all companies are required to follow it.
Just contact Enterslice, and one of our consultants will discuss the strategy with you, including activities under the HFC, capital availability, fund sources, and some other basic details on the company structure. We start the process by registering your company (if not done already), then assist in getting PAN, TAN, GST, and opening a bank account.
From preparing your policies to support during the committee formation, we take care of your approvals and compliance from start to end.
You can expect around 6 to 12 months, depending on how the inspection goes, the type of RBI queries, and the overall review. To make sure you don't get stuck in a loop of never-ending follow-ups, make sure to get professional assistance from us because we not only assist you with housing finance company (HFC) registration compliance, but also make sure you don't have to reschedule your business launch.
You need to maintain at least 15% of the risk-weighted assets and risk-adjusted off-balance-sheet items, and 10% of the required CRAR should be covered by Tier 1 capital, consisting of core capital like equity and eligible reserves.
For example: a company has INR 100 crore in risk-weighted exposure; it needs around INR 15 crore in eligible regulatory capital, including INR 10 crore in Tier 1 capital.
Absolutely, you can change or update the owners or shareholding structure of your company, but not before you get approval from the RBI, given the complex and regulatory-strict landscape and lending ecosystem.
Well, the company must check if it is eligible under the Reserve Bank of India regulations as an HFC. At least 60% of your company's assets must be reserved for providing housing finance, of which 50% should be extended to individual housing.
For more details on eligibility, book an appointment and find out how we help you cross every hurdle to the finish line without delays.
Yes, if you fail to comply with RBI or NHB, then you will have to face:
Fines between INR 2,000 and INR 5,000 for minor issues like delayed reporting or non-maintenance of funds.
Regulatory penalties of INR 10,000 to INR 50 lakhs in case of serious KYC, risk category lapse, governance issues, fair practice issues, non-disclosure of interest rates, and management-related violations.
Apart from monetary penalties, you may be subjected to show cause, demand, legal, and recovery notices. Also, you may have to go through supervisory inspections, lawsuits, and corrective actions, which could lead to more time wastage along with higher administrative costs.
With the help of a professional compliance expert, an housing finance company can maintain compliance with ease, meaning no revocation of license, fewer chances of penalties, fewer inspections, and less frequent surprise assessments.
We help you file your returns through a proper compliance dashboard that keeps track of your return due dates, so there is less chance of missing out on any important RBI regulatory filings, regular review of your corporate governance, internal assessments of compliance controls, and audit support.
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
-- Testimonials
Enterslice and Its team made starting my company and running very easy. Their contribution in raising funds was immense. I highly recommend Enterslice to any one who wants to start a business in India. Thank you guys keep up the good work.
Very professional services. I am highly impressed by their courteous and client oriented attitude.
Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.
I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.
I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.
They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.
Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.
I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.
I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.
Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.
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