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Peer to Peer (P2P) Lending Business in India
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Peer To Peer (P2P) Lending Business In India

NBFC-Peer to Peer Lending License
Company Registration with ROC with P-2-P Objects
Preparing RBI Application for License
IT and Data Security Policy Framework
End to End Lisoning with RBI
Grant of NBFC License

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    Peer to Peer (P2P) lending, also known as social lending/cloud lending is a method to finance debt which enables individuals to lend and borrow money without the involvement of an official financial institution as an intermediary. Basically, it eliminates the need of middlemen involved in the process but is time-consuming. In P2P lending, lenders are free to choose whom to lend and can diversify their options among different borrowers.

    Eligibility Criteria for Peer to Peer Lending Registration

    Should be incorporated in India
    Has necessary technological,entrepreneurial and managerial resources
    Has adequate capital structure to carry the business
    Directors are fit and proper
    Has a plan submitted/implemented for efficient Information Technology System
    Submitted viable business plan
    Serve Public Interest by the grant of CoR
    Document Required

    Requirement Of The Documents For Peer To Peer Lendng Registration

    Every existing and prospective P2P needs to make an application for registration to the following Address ‘ the Department of Non-Banking Regulation, Mumbai of the Bank’, in the form specified by the Bank along with additional documents. Whereas existing P2P can apply for the peer to peer lending registration within three months from the date these documents were issued.

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      Scope Of Activities

      Act as an intermediary to the participants
      Cannot raise or/under the section 45l(bb) of the companies act 2013
      Can not lend on its own
      Can not provide/arrange credit enhancement/guarantee
      Can not facilitate/ permit any secured lending through its platform
      Can not hold on funds received on its balance sheet
      Can not sell any other financial product
      Can not permit any international flow of funds
      Ensure adherence to all applicable legal norms

      Limitations

      Borrowers who do not have credit history are excluded.
      Exposure to defaults from lenders side.
      High level of financial sophistication is demanded.
      Invades personal privacy of borrowers.
      Returns lower than publicly traded index fund.

       

      Alternately Call our Legal Expert Now For Free Consultation at 09599653306

      Frequently Asked Questions on Peer to Peer (P2P) Lending Business in India

      Platform for p2b lending is a kind of device which connects the participants to interact with each other.

      The validity of the in-principle approval by RBI would be 12 months from the date of granting such approvals.

      As per the directions, only bank transfers are allowed to transfer the funds. In other words,no cash transfers can take place.

      Compare your Options
      Particulars P2P Lending Fixed Deposits
      Returns 18-24 % 6-8%
      Diversification Options More Less
      Interest Rate Risk Not Present Present
      Portfolio Creation Allowed Not Allowed
      Freedom of Terms Yes No
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