An NBFC-P2P is a Non-Banking Financial Company that operates an online peer-to-peer lending marketplace connecting borrowers and lenders, regulated by the Reserve Bank of India.

P2P Lending License (NBFC-P2P) Registration

Q: What is the minimum capital requirement for an NBFC-P2P?

The minimum Net Owned Fund (NOF) required is ₹2 crore as prescribed by the RBI.

Q: Can a P2P platform hold funds of borrowers or lenders?

No. All funds must route through an escrow account managed by a bank trustee — P2P platforms cannot hold funds on their own balance sheet.

Q: What are the exposure limits for a P2P platform?

The RBI prescribes aggregate exposure limits for lenders and borrowers across P2P platforms. These are periodically reviewed and should be verified at the time of application.

Q: How long does it take to obtain a P2P lending license?

Typically 6 to 12 months, depending on application completeness and RBI's review process. Thorough preparation significantly reduces delays.

Obtain Your RBI Certificate of Registration to Operate a Peer-to-Peer Lending Platform in India

A Peer-to-Peer (P2P) lending platform in India is classified as a Non-Banking Financial Company (NBFC-P2P) and must obtain a Certificate of Registration from the Reserve Bank of India before commencing operations. P2P platforms act as online intermediaries connecting borrowers and lenders, and are subject to RBI's Master Directions on NBFC-P2P Lending Platforms, which govern operational limits, capital requirements, fund transfers, and technology standards.

Our P2P lending license advisory is closely related to our Housing Finance Company registration services and complements our broader transaction support services for fintech and financial sector businesses. Companies building their operational infrastructure can also leverage our outsourcing services.

Our P2P Lending License Services

Eligibility & Feasibility Review

Assessing the promoter's background, capital position, technology readiness, and alignment with RBI's NBFC-P2P criteria.

Company Incorporation Support

Assisting with incorporating a company with appropriate objects for P2P lending platform operations.

Business Plan & Policy Drafting

Preparing the detailed business plan, technology architecture overview, risk framework, and Fair Practices Code for RBI submission.

RBI Application Filing

Compiling and submitting the Certificate of Registration application with the RBI along with all required supporting documents.

Technology & Escrow Compliance

Advising on RBI requirements for escrow account structure, fund flow, and technology platform standards for NBFC-P2P.

Post-Registration Compliance

Setting up RBI regulatory reporting, KYC/AML frameworks, borrower and lender limits, and ongoing compliance monitoring.

Our Approach

Reviewing promoter eligibility, technology readiness, and capital adequacy
Advising on company structure and objects for P2P platform operations
Drafting business plan, policies, risk framework, and technology documentation
Preparing and filing the Certificate of Registration application with the RBI
Coordinating responses to RBI queries during the review process
Supporting the setup of escrow accounts, KYC systems, and regulatory reporting post-registration

Benefits of Obtaining a P2P Lending License

Legal authority to operate an online P2P lending platform in India
Regulatory credibility that builds trust with borrowers, lenders, and investors
Access to India's growing digital lending and fintech ecosystem
Defined regulatory framework providing operational clarity
Eligibility to expand services within RBI-prescribed NBFC-P2P limits
Structured compliance framework that supports institutional partnerships

Why Choose Us?

Specialised knowledge of RBI's NBFC-P2P Master Directions and regulatory expectations
Experience preparing compliant business plans and application documentation for financial sector licenses
Integrated advisory across legal, financial, and technology compliance requirements
Proactive support in addressing RBI queries and requests during the review process
Ongoing compliance support available post-registration

Frequently Asked Questions

What is an NBFC-P2P?

An NBFC-P2P is a Non-Banking Financial Company that operates a peer-to-peer lending platform — an online marketplace that connects borrowers seeking loans with lenders willing to provide funds. It is registered with and regulated by the Reserve Bank of India.

What is the minimum capital requirement for an NBFC-P2P?

The minimum Net Owned Fund (NOF) required for an NBFC-P2P is ₹2 crore as prescribed by the RBI. The applicant company must demonstrate this capital before the Certificate of Registration is issued.

Can a P2P platform hold funds of borrowers or lenders?

No, an NBFC-P2P is not permitted to hold funds on its own balance sheet. All fund transfers between borrowers and lenders must route through an escrow account managed by a bank trustee, as mandated by the RBI.

What are the exposure limits for a P2P platform?

As per RBI guidelines, the aggregate loan exposure of a lender across all P2P platforms is capped, and similarly, a single borrower's aggregate exposure has defined limits. These limits are periodically reviewed by the RBI and should be verified at the time of application.

How long does it take to obtain a P2P lending license?

The timeline typically ranges from 6 to 12 months, depending on the completeness of the application, RBI's review process, and any queries raised. Thorough preparation of documents significantly reduces processing delays.

Explore Our Related Services

Housing Finance Company | Transaction Support Services | Public Limited Company | Outsourcing in India | Business Tax Filing

Launch Your P2P Lending Platform With RBI Approval

Get expert advisory support for NBFC-P2P registration — from eligibility assessment to Certificate of Registration.