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
- Business Plan
- Advisory on fintech based lending model
- Advisory on alternative credit scoring model
- Annual Compliances
- Internal Audit
- Digital Marketing
- 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