Overview of NBFC Collaboration Model India has over 9000 NBFC but only 954 companies have a book size in excess of 40 crores. Most of the NBFCs only have the minimum required book size of 2 crores. This makes NBFC collaboration necessary as it will accentuate growth for both NBFC and the partner firm. In the
NBFC Peer To Peer Lending Registration & NBFC Collaboration in India Overview
What are the benefits of Nbfc collaboration with Fintech firms?
NBFCs are scared of Fintech Companies, and it is true that Fintech Companies are the next big thing, therefore partnering with them would have unexpected and wonderful results. NBFCs are making their way out of the woods in order to increase their lending capacity. In a nutshell, we can predict that it will be a win-win situation for all parties. It also offers a variety of auxiliary services, such as loan recovery, credit evaluation, profile verification, and other similar services. NBFC Peer To Peer Lending Registration can be performed easily these days via online mode.
Reasons for the increasing potential of NBFC peer to peer lending registration in the booming Indian market
a) Simple Loan Application
b) Lowering Borrowing Costs
c) Assisting in the Financing of Micro and Small Businesses
d) Eliminating Offline Agents and Paperwork e) Lender-Borrower Negotiation
In India, NBFC peer to Peer Lending Registration under the Companies Act, 2013 or, in the case of an existing company, under the prior Company Act Requirement:
· It should have a net worth of at least Rs. 2 crores.
· To accommodate business expansion, a scalable information technology infrastructure should be in place.
· To operate as a peer-to-peer lending platform, it must receive a certificate of registration (CoR) from the Reserve Bank of India.
NBFCs benefit from working ( Nbfc collaboration) with Fintech startups for the following reasons:
1. Boost your productivity
2. Introducing Innovative and New Product Offerings
3. Embracing Digitally Modernized and Paperless Modes
MUDS assist in various legal and fintech-related issues regarding NBFC Registration, NBFC Collaboration, NBFC Peer to Peer Lending Registration in India.
