Unlock institutional lending capabilities. A Non-Banking Financial Company acts as a catalyst in the financial ecosystem, providing specialised credit and investment services — loans, asset financing, investment services and microfinance — across India.
Compliant with the Reserve Bank of India Act 1934, WeConsult India provides complete assistance for hassle-free registration with end-to-end compliance support. Unlike traditional banks, NBFCs cannot accept demand deposits and don’t form part of the standard payment and settlement system.
To operate a financial institution in India, navigating the regulatory landscape is a legal prerequisite. Operating a finance business without explicit RBI approval is strictly illegal and subject to severe penalties.
The cornerstone of the sector — structural credit and investment facilities for modern enterprise scaling.
Grassroots financial inclusion and collateral-free lending.
Specialised capital for vehicles, machinery and equipment acquisition.
Supporting national-scale projects with long-term debt structures.
Platform-based lending connecting individual borrowers and lenders.
Specialised models for data aggregation and mortgage-guarantee services.
The RBI follows a rigorous verification process — ensure your entity meets these five fundamental benchmarks before applying.
Must be incorporated as a Private or Public Limited Company under the Companies Act.
Maintain a minimum NOF of ₹2 Crore (or as specifically prescribed by RBI for your category).
Directors and shareholders must possess a clean credit history with no defaults.
Appointment of qualified directors with relevant finance and banking experience.
Submission of a comprehensive operational roadmap and financial projections for RBI review.
A zero-error documentation strategy for successful incorporation, prepared as per current RBI norms.
Register your entity as a Private or Public Limited company under the Companies Act.
Ensure the minimum Net Owned Fund (NOF) requirement of ₹2 Crore is met and maintained.
Detailed drafting of your business plan, financial projections and director profiles.
Formal filing through the official RBI COSMOS portal with all required proofs.
A rigorous review where the RBI examines your application and seeks clarifications.
The RBI issues the Certificate of Registration (CoR), authorizing your operations.
Continuous compliance is mandatory to avoid severe regulatory penalties.
Yes — a Certificate of Registration (CoR) from the RBI is compulsory under Section 45-IA of the RBI Act 1934 before commencing any non-banking financial operations.
A minimum Net Owned Fund of ₹2 Crore (or as specifically prescribed by RBI for your category).
It varies — the RBI follows a rigorous, multi-stage review; we manage follow-ups to keep it moving.
No — NBFCs cannot accept demand deposits and don’t form part of the standard payment and settlement system.
Professionals who handle NBFC licensing every day — so it's done right the first time.
Clear timelines, clear pricing and no hidden surprises from start to finish.
A responsive team you can actually reach whenever you have a question.
Other services that often go hand in hand with nbfc license.