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NBFC-P2P Registration

Peer-to-Peer Lending Platform registration with RBI as NBFC-P2P — connects individual lenders and borrowers through an online marketplace with minimum NOF of Rs.2 crore.

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Overview

An NBFC-Peer to Peer Lending Platform (NBFC-P2P) is an RBI-registered online platform that connects individual lenders with individual borrowers for unsecured personal loans. Regulated since 2017 under the RBI's Master Directions on P2P Lending, NBFC-P2P platforms act as intermediaries — they do not take credit risk themselves but manage the technology platform, credit assessment, escrow account management, and recovery services.

Key regulatory limits: aggregate exposure of a lender across all P2P platforms capped at Rs.50 lakh; aggregate loans taken by a borrower across all platforms capped at Rs.10 lakh; maximum loan tenure of 3 years; funds must flow through an escrow account managed by a bank-promoted trustee. Minimum NOF requirement is Rs.2 crore. MFiling manages complete NBFC-P2P registration including technology infrastructure documentation, business model compliance, and RBI application filing.

MFiling professional charges: from Rs.49,999.

Key Benefits

Legal Fintech Lending Platform
Only RBI-registered NBFC-P2Ps can operate P2P lending marketplaces in India.
Lower NOF than Standard NBFC
Rs.2 crore minimum NOF — accessible for fintech entrepreneurs compared to Rs.10 crore for standard NBFCs.
Credit Risk-Free Model
Platform does not hold loans on its books — technology and service fee revenue with minimal credit risk.
Growing Market Opportunity
India P2P lending market growing rapidly — early mover advantage for compliant platforms.

Documents Required

Certificate of Incorporation with P2P Lending Objects
Minimum Rs.2 crore NOF Documentation
Technology Platform Architecture and Security Documentation
Business Plan with Lender / Borrower Onboarding Process
Escrow Account Agreement with Bank Trustee
Credit Assessment Methodology Documentation
KYC/AML Policy and Data Privacy Framework

How it Works

Incorporate Company with P2P Objects (Week 1–2)

Register company with objects expressly covering P2P intermediary and lending facilitation services.

Build Technology Platform (Months 1–6)

Develop compliant P2P platform with lender/borrower onboarding, KYC, credit scoring, and escrow integration.

Establish Escrow with Bank Trustee (Month 3–5)

Partner with a scheduled bank to act as escrow trustee for lender and borrower funds.

Prepare RBI Application (Month 5–8)

Business plan, technology architecture, AML/KYC policy, management KYC, and financial projections.

Submit to RBI DNBS (Month 8)

File application with RBI Department of Non-Banking Supervision.

Certificate of Registration Issued (12–24 months total)

RBI grants NBFC-P2P CoR — platform can commence licensed P2P lending operations.

Frequently Asked Questions

Can a P2P platform guarantee returns to lenders?
No. RBI Master Directions strictly prohibit NBFC-P2P platforms from guaranteeing or assuring returns to lenders. The platform only facilitates the lending transaction — lenders bear full credit risk. Platforms that guarantee returns are in violation of RBI directions and risk cancellation of their CoR. The platform can provide credit assessment tools and historical default rate data, but cannot promise specific returns.
What is the maximum amount a borrower can borrow across all P2P platforms?
Under RBI Master Directions on NBFC-P2P platforms, a borrower's aggregate outstanding across all P2P platforms is capped at Rs.50 lakh (as updated in 2024). P2P platforms must check and report borrower exposure to RBI — exceeding limits is a regulatory violation. MFiling advises on the latest RBI P2P exposure limits, which are periodically revised.
Service Price
₹49,999
Starting price · GST extra
Call Expert WhatsApp Us
Legal Fintech Lending Platform
Only RBI-registered NBFC-P2Ps can operate P2P lending marketplaces in India.
Lower NOF than Standard NBFC
Rs.2 crore minimum NOF — accessible for fintech entrepreneurs compared to Rs.10 crore for standard NBFCs.
Credit Risk-Free Model
Platform does not hold loans on its books — technology and service fee revenue with minimal credit risk.
Growing Market Opportunity
India P2P lending market growing rapidly — early mover advantage for compliant platforms.

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Service Price
₹49,999
Starting price · GST extra

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