NBFC Registration with RBI in a very simplified manner!
Finance Company Registration
Business Plan & Market Analysis
End to End Assistance in Securing NBFC License
Advisory on building Fintech based lending Business model
Legal Advisory for NBFC
Audit Support Services
Go to Market Strategy
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About this Plan
Well, if you are thinking to setup finance company then you are at the right place! We are the leading player in the field of NBFC Registration. For NBFC registration, our team of experts will file an application along with the necessary documents with the RBI. If everything goes well, RBI will issue COR (Certificate of Registration).
Necessary Documentation for NBFC Registration
Filing of NBFC Registration application with RBI
End to End Coordination with department till the COR is obtained
Advisory on fintech based lending model
Advisory on alternative credit scoring model
Legal Advisory services if required
Full assistance on meeting the secretarial as well as RBI compliances
Who should go for it?
You should apply for NBFC license, if you intend to enter into Indian Financial Market. Nowadays people prefer taking loan from NBFCs (Non-banking Financial Companies) in place of traditional banks as NBFCs has quick loan sanctioning process.
NBFCs ascertain the loan eligibility of an applicant faster than the banks. Therefore NBFCs are more preferable choice. Under this, entire customer acquisition process can be online. If you have a Net Owned Fund of Rs. 2 Crore then you can apply for NBFC registration.
Some of the benefits of this model:
Low Operational Cost
Unlimited Reach to Customers
Higher Rate of Interest
Lower NPA in comparison to Banks
Use of AI (Artificial Intelligence) & machine learning tools which minimize the risk of fraud.
Company Registration with the Registrar of Companies where name must reflect the finance related object and object clause under MOA must reflect the finance business.
Bank Account Opening with the Scheduled Commercial Bank
Business Plan for proposed NBFC
Collection & Preparation of necessary documents as per the RBI guidelines
Submission of online application for NBFC registration on the website of the RBI (COSMOS)
Physical submission of all the documents with the regional office of the RBI where the registered office of the company is situated
Submission of additional documents as asked by the RBI and respond to the notice of RBI
After vigilant inspection of the documents, COR will be granted by the RBI
Assistance in obtaining membership from all the four Credit rating agencies (CIBIL, Equifax, Experian and CRIF Highmark).
Assistance in FIU-IND Registration
Certified copy of the Certificate of Incorporation, MOA & AOA
KYC of directors & shareholders of the applicant company
Highest qualification certificate of the directors of an applicant company
Net worth certificate of the directors & shareholders of the company
Bankers Report regarding the no lien remark on fixed report of Rs. 2 Crore
Credit Report of directors & shareholders
Detailed action plan of the proposed NBFC along with the organizational structure
Financial statements of the applicant company along with the directors report & auditor’s report
Frequently asked Questions
Q1. What is NBFC (Non-Banking Financial Institution)?
NBFC (Non-Banking Financial Company) is a type of company which is engaged in the financial activities which carries the business of loans & advances, acquisition of shares, debentures, stocks, and securities.
Q2. What are the types/ categories of NBFC in India?
In terms of the type of liabilities
NBFCs-D (Deposit taking NBFCs) and
NBFCs-ND (Non-Deposit accepting NBFCs),
In terms of size
Systemically Important (NBFC-ND-SI)
In terms of activity
Asset Finance Company (AFC)
Investment Company (IC)
Loan Company (LC)
Infrastructure Finance Company (IFC)
Systemically Important Core Investment Company (CIC-ND-SI)
Infrastructure Debt Fund Non- Banking Financial Company (IDF-NBFC)
Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company. "
Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services. "
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. "